PERSONAL CONTRACT HIRE

The fastest growing way for individuals to acquire new vehicle. This funding method is basically contract hire for individuals, often termed as ‘leasing a car’. Whilst not owning the vehicle you benefit from the owners fleet buying power This can sometimes be a cheaper option to PCP.

KEY FEATURES

• Usually 3 months 1st rental
• No depreciation risks
• Fixed monthly payments
• Accurate cashflow
• Optional maintenance at a fixed cost
• No disposal issues
• High value vehicles more affordable
• Simple hand back
• RFL included in monthly payment
• Customer only pays for use of vehicle

THINGS TO REMEMBER

• Early terminate can be expensive
• Excess mileage is chargeable
• Car must be returned in well maintained condition
• Damage is chargeable (Fair wear and tear)
• For more information on returning your leased vehicle and what applies as fair wear and tear go to the BVRLA website by clicking here

Personal Contract PurchaseLease Purchase/Hire PurchaseBusiness Finance