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Understanding Personal Contract Hire

One of the biggest advantages of Personal Contract Hire (PCH) is that you can enjoy driving a brand-new car without worrying about its future value or the hassle of selling it when you're ready for your next vehicle. At the end of your agreement, you simply return the vehicle, subject to the terms of your contract, and you're free to choose your next lease.

Most Personal Contract Hire agreements run for 24, 36 or 48 months, giving you the flexibility to choose a contract that suits your driving needs. In some circumstances, your finance provider may allow your agreement to be extended. If you'd like to discuss your options, our team will be happy to help.

Before your lease begins, you'll choose an annual mileage allowance based on the number of miles you expect to drive each year. This helps us provide an accurate quotation and ensures your monthly payments reflect your expected vehicle usage. If your circumstances change during your agreement, mileage adjustments may be possible depending on your finance provider, so it's always worth speaking to us if your driving habits change.

If you exceed your agreed mileage allowance when your contract ends, an excess mileage charge will apply in accordance with your finance agreement. Our team will explain these charges before you proceed, helping you choose a mileage allowance that's appropriate for your needs.

To make budgeting even easier, many customers choose to add a maintenance package to their agreement. Maintenance can help cover routine servicing, replacement tyres (subject to the agreement), batteries, exhausts and other scheduled maintenance, giving you greater peace of mind and helping to spread the cost of maintaining your vehicle.

As with any leased vehicle, you'll need to arrange fully comprehensive motor insurance for the duration of your agreement. When your lease comes to an end, the vehicle should be returned in line with the BVRLA Fair Wear and Tear Guidelines, ensuring that normal day-to-day use is taken into account when the vehicle is inspected.

If you have any questions about Personal Contract Hire, our experienced leasing consultants are always available to explain your options and help you find the agreement that's right for you.

Benefits of Personal Contract Hire

Flexible initial payment

Fixed term contract

Fixed mileage contract

You only pay for the use of the vehicle

At the end of your contract simply hand the vehicle back (Subject to BVRLA ‘Fair Wear and Tear Guide‘,)

Optional maintenance package

Optional breakdown rescue cover

Optional replacement vehicle cover in event of breakdown

Optional GAP insurance

No depreciation or disposal risk

Disadvantages

Vehicle must be returned in a well maintained condition

Early termination can be expensive

You must have fully comprehensive vehicle insurance

You will never own the vehicle

We are Thegreencar, based in Romford, Essex. Our team of experts have worked in the car leasing sector for decades, building relationships with manufacturers across the globe to provide drivers with incredible leasing offers on any and every car.