Van Personal Contract Hire

What Is Van Personal Contract Hire?

Personal Contract Hire (PCH) could be just what you're looking for if you want fixed cost motoring on your brand new van. If you’re confident about the mileage and condition of the vehicle over a set period of time, PCH is the easy and cost effective way to go - enabling you to control one of your biggest expenses and even add on a maintenance package!

Personal Contract Hire is similar to Business Contract Hire. However, as an individual, you won't be able to recover any VAT or take advantage of any tax allowances.

Benefits:

Fixed cost motoring. Low initial rental and low monthly rentals; one of the most cost effective van lease options if you need full use of a vehicle but don't require final ownership. Choice of contract period from 24 to 60 months. No need to deplete your savings. Allows you to change your vehicle more often. You have the option to add maintenance, taking away the hassle of running a vehicle. You could be able to get a new vehicle for the price of a used one. Access to fleet-related discounts. No depreciation risks. Less admin as the finance company deals with all the buying, maintenance and selling issues. Road Fund Licence is provided for the full term of the contract.

Points To Note:

You will need to accurately estimate the time and mileage for the use of the vehicle. The cost to terminate your contract early can be expensive. If the vehicle goes over their agreed mileage allowance, excess mileage will be charged for each mile over that is stated in their contract. You must look after the vehicle and return it in a well maintained condition, or you will be charged for any damage over and above this as stated in the 'Fair Wear and Tear Guide'. There is no option to own the vehicle at the end of the contract.