As our expert fleet team are on hand to guide you step-by-step through the process, offering advice when necessary and ensuring none of your questions go unanswered. Our team will tentatively listen to all your requirements and find a package that is best suited to you. We pride ourselves on delivering a fantastic range of fleet offers and at great value. So, pick up the phone today and speak to the Motorfair Hyundai team to get the best fleet solution for your business!
Personal contract hire (PCH, also known as personal leasing) is a long-term vehicle rental agreement.
It is a solution for private individuals and is becoming an increasingly popular alternative to purchasing brand new vehicles among car users.
You pay to ‘rent’ the vehicle throughout the duration of your contract, and then return the vehicle at the end of the agreement, leaving the finance company to worry about depreciation values and disposal of the car.
If you choose to lease a car on a personal contract hire basis, you will make a series of monthly payments for the duration of your lease agreement (24 or 48 months, for example), having already paid an initial rental. You pay for the use of the vehicle throughout your contract, and then return the car to the finance company at the end of the agreement without any further obligations, leaving you free to lease or purchase another vehicle. In some cases (subject to approval from the finance provider), you may be able to extend the vehicle contract.
Please be aware you will never have ownership of the vehicle, your credit rating is at risk if you do not maintain your contractual rentals. You must ensure that the vehicle is fully maintained in accordance to manufacturer requirements and contractual conditions.
Business contract hire is a popular long-term vehicle rental agreement suitable for sole traders, partnerships and limited companies.
It’s a particularly popular option for VAT registered companies, as they can claim back 50% of the VAT for the supply of the vehicle.
If your company leases a vehicle on a contract hire basis, you will pay to rent the vehicle in monthly instalments for a contract of 24 or 48 months, for example. Once the contract is up, the vehicle is returned to the leasing provider, leaving them to worry about depreciation values and disposal of the car.
Your credit rating is at risk if you do not maintain the contractual rentals, you must also ensure that the vehicle is fully maintained in accordance to manufacturer requirements and contractual conditions and may not sub lease or rent to a third party.
Contract hire means your company can concentrate on its core activities, while avoiding the financial risk and administrative burden of owning your vehicle or fleet.