Personal Leasing or Personal Contract Hire (PCH)
This is effectively a long term rental agreement, whereby you agree a fixed monthly payment to use a car for a set term and mileage. Servicing and Maintenance may be included or charged separately check the agreement carefully
PCH is suitable if you
Personal Contract Hire EXPLAINED
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Personal Contract Hire (PCH) also known as Personal Leasing
This type of contract is like a long term rental agreement with fixed monthly payments. Servicing and Maintenance can be part of the agreement or be charged separately.
At the end of the agreement you simply return the car and handback the keys.