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Private Users
Personal Contract Hire or PCH
- Based on the cost of the vehicle, annual mileage, resale value of the car and the lease period
- 3 years is usually the most economical (other periods available)
- Three rentals in advance as deposit (paying more reduces the rental)
- Allows you to change your car on a regular basis without the usual burdens of ownership
Hire Purchase
- Small deposit required
- No mileage limitations
- No residual value
- Repayments up to 60 months
- No VAT on rentals
- Simplest type of agreement
- Vehicle is yours after the last payment is made.
- Lowest amount of interest charged on this type of agreement.
Personal Contract Purchase
- Ownership product
- Small deposit required
- Low rentals
- 3 options at end of contract
- Hand the vehicle back and start again (no penalties or fees)
- Refinance the balloon over a longer period
- Pay off the balloon and keep the vehicle.
- Pre agreed mileage
- No VAT on rentals
Lease Purchase:
- Similar to Hire Purchase
- Maximum period 60 months
- No mileage limitations
- Ownership product
- Balloon payment at the end to keep the payments down.
Helpful Hints
- Pay as large a deposit as you can comfortably manage
- Shorten the repayment period as far as possible within your budget
- Pick your ideal car and tell us your monthly budget and we will try and match it to the appropriate product.
- What suits your pocket?
