Personal Contract Hire (PCH), sometimes referred to as personal leasing, is a long-term vehicle rental agreement designed for private individuals. Lease4Less acts as a credit broker (not a lender), sourcing a suitable finance agreement and arranging the supply of your chosen vehicle.

Under a PCH agreement, you pay a fixed monthly rental for the use of a vehicle over an agreed term and mileage. The vehicle remains the property of the finance provider throughout.

How It Works

- A fixed contract term (typically 2–4 years)
- An agreed annual mileage allowance
- A fixed monthly rental payment

Your agreement is subject to status, underwriting approval, and the terms of the finance provider. You must also maintain the vehicle and keep it insured on a fully comprehensive basis throughout the contract.

Key Advantages

- Fixed monthly costs for easier budgeting
- Flexible initial rental profiles
- No ownership risk or depreciation concerns
- No disposal responsibility at end of contract
- Optional maintenance packages
- Access to a new vehicle regularly

Key Considerations

- You will not own the vehicle
- Vehicle must meet Fair Wear & Tear standards on return
- Excess mileage charges may apply
- Early termination charges can be significant
- You are responsible for insurance and upkeep

Mileage and Usage

You must estimate your annual mileage accurately at the start of the agreement. Exceeding the agreed mileage will result in a pre-agreed excess mileage charge. Some funders may allow changes during the contract.

Maintenance and Care

You must maintain the vehicle in line with manufacturer schedules. If a maintenance package is included, servicing and repairs must be carried out through approved suppliers.

Insurance Requirement

You must maintain fully comprehensive insurance for the full duration of the agreement.

End of Contract

At the end of your agreement, the vehicle is returned to the finance provider. It will be inspected against Fair Wear & Tear guidelines and charges may apply for damage, missing items, or excess mileage.

Additional Information

PCH is ideal for those wanting predictable motoring costs and no exposure to resale risk. Lease4Less provides an introduction service only and does not offer financial advice.