Personal vehicle leasing from Carparison

Lease a car on the best personal deal for you

Personal Contract Hire or personal leasing is a car financing option for individuals - this includes cars used for business use, company car opt-outs and cash allowances. Essentially, if the lease is being paid for by an individual rather than a business, it is considered to be a personal lease. 

The difference between a business lease and a personal one lies only in how the price is advertised: prices for a Business Contract Hire agreement (BCH) will exclude VAT while a Personal Contract Hire agreement (PCH) will include VAT.

This is because businesses can claim back a proportion of the VAT on the payments of their lease car and this is not the case for personal cars. All other areas of the lease remain the same whether on a personal or business contract.

Personal Contract Hire (PCH) is based on a fixed-term contract where customers pay an initial rental followed by fixed monthly payments for the use of a car or van for duration of the contract. Terms typically last between 12 and 48 months and at the end of the lease, you will simply hand the car back to the leasing company. 

What are the advantages of personal leasing?

  • Flexible initial payment
  • Fixed-term contract
  • Fixed monthly costs
  • Road tax included
  • You only pay for the use of the car
  • At the end of your contract simply hand the car back
  • The option of including maintenance with the contract
  • No depreciation or disposal risk

What are the disadvantages of personal leasing?

  • The car must be returned in a well-maintained condition
  • Fixed mileage contract
  • Early termination can be expensive
  • You must have fully comprehensive car insurance
  • You will never own the car
personal lease deals

More Information on Personal Contract Hire

Personal Contract Hire (PCH) benefits customers who want to be driving a brand new car. A personal lease offers flexibility at an affordable rate while reducing the financial risk associated with maintaining and reselling a car. 

You will find leasing is a more cost-effective funding method than many alternatives as you are financing the depreciation value of the car rather than its total cost and the interest associated with that higher sum.

A personal car lease will be one of the easiest and most affordable ways to experience the thrill of driving a new car. It allows you to benefit from improved car safety and technology, reliability and of course overall driving enjoyment.

If you are not ready to make the jump to an EV but are conscious of your carbon footprint, driving a new car will also allow you to contribute positively to this movement due to the increasingly strict emissions regulations governing new car releases. 

Personal Contract Hire (PCH) is very similar to Business Contract Hire (BCH); both are based on a fixed annual mileage agreed at the beginning of a contract. You will need to decide how many miles you drive each year before accurate pricing can be obtained. You can customise all lease deals online or a quote can be created for you by one of our consultancy team.

Regulations about making mileage amendments after contracts are live vary from funder to funder, so it is always better to be as accurate as you can be. 

If you do exceed the agreed allowance at the end of your contract you will pay an excess mileage charge, which will have been agreed upon before signing the finance agreement. 

If you are looking to have predictable motoring costs adding car maintenance to your monthly payment is easy. Maintenance is there to put your mind at rest should any challenges arise and generally covers servicing, routine maintenance, tyres and batteries.

Please note that it is the responsibility of the person named on the finance agreement to arrange and pay for fully comprehensive insurance for the car. The car must be returned in accordance with the guidelines set out in the 'Fair Wear and Tear Guide'.

Browse our wide range of personal car leasing deals to find an offer that suits you. If you would like more information, please contact one of our leasing experts, who will be more than happy to help.