Personal Contract Hire (PCH) may be the smartest way to upgrade what you drive. It’s the perfect car leasing product if you want fixed cost motoring and you’re confident about the mileage and condition of the car over a set period of time. PCH is easy and cost effective and it allows you to control one of your biggest expenses. It offers fixed cost motoring with no hidden extras and is available with or without a maintenance package.
Personal Contract Hire is similar to Business Contract Hire but as an individual you won't able to recover any VAT or take advantage of any tax allowance.
On a PCH lease, you simply choose the vehicle you want to drive & how long you want to drive it for. Next, choose your annual mileage - this will affect your monthly rental payments. Finally, choose how much you would like to pay for your initial rental (the more you pay in your initial rental will mean lower monthly rental payments). That’s all you need to do and at the end of you contract, you simply hand back the vehicle & choose your next car.