Personal car leasing or personal contract hire commonly abbreviated to PCH refers to a finance agreement made on a brand new car, which is intended for your own personal use, so social, domestic, pleasure and commuting.
A personal lease will be paid by yourself for the duration of your contract, as opposed to a business lease which is paid by the business owner and is exempt from VAT. Your contract will usually consist of an initial payment, which is payable on the arrival of your new car, followed by subsequent monthly payments over the agreed term of your lease.
The car delivered to you will be brand new and will more than likely have the most recent number plate if this isn’t the case and your car holds a pre-registered plate, you will be notified prior to making any formal agreements. You won’t have to worry about taxing your vehicle either that’s on us!
With regards to the MOT, you shouldn’t have to worry about that either, unless you take out a four year lease with us. If that’s the case, you’ll need to put it through an MOT after three years.
Personal leasing really is an easy process because there’s absolutely nothing for you to worry about. When you reach the end of your lease, you simply return your car to us so you don’t need to worry about selling it on.
When browsing the site you may have noticed that on every car we have two prices: a business price and a personal price. You may also have noticed that it appears to be more expensive to lease a car personally, but actually this isn’t the case at all.
The difference in price you will see is 20%. Many businesses are able to claim tax back on company cars, so we display to them the price they’ll have paid once they claim back their tax. Unfortunately, the majority of people can’t claim their tax back, which is why we make it easy and show the two prices for you.
Although we don’t charge any more for a personal car lease, other companies will do, so it’s always wise to check this before signing an agreement.
Believe it or not, car leasing is really simple; all you have to do is this:
*Initial payments are usually 3, 6 or 12 monthly instalments. Contract lengths available are 24, 36 & 48 months. Yearly mileage options between 5,000 – 30,000.
There are so many benefits to leasing a car, it’s impossible to get them all down we’d be here all day so here we’ve highlighted a few of the main reasons to consider leasing a car.
• You’ll be driving a brand new car that can be built to your specification
• Road tax is included for the duration of the contract
• Makes brand new vehicles affordable
• Fixed payments so you can budget easily
• Maintenance can be included (includes tyres, servicing and breakdown)
• No need to try and sell the car at the end, just hand it back and start again if you wish
Put simply, we really do care about our customers. With over 20 years in the business, we’ve gained many loyal customers and a huge number of outstanding TrustPilot reviews, why? Well, because we’re honest, we don’t bump up the prices and we’re always here to help.
If you’d like to find out more, or if you’ve found a car you’re interested, why not drop us a line and speak to one of our friendly team on 01565 880 880