Personal Contract Hire

As the name suggests Personal Contract Hire (also known as personal leasing) is simply contract hire but for individuals.

Personal Contract Hire (PCH), also referred to as an 'Operating Lease' with some Mercedes-Benz Finance agreements is based on a fixed term contract where customers pay an agreed monthly charge for the use of a vehicle for a previously agreed period.

Advantages:

  •     Flexible initial payment
  •     Fixed term contract
  •     Fixed mileage contract
  •     Fixed cost motoring
  •     Flexible profiles to suit you
  •     You only pay for the use of the vehicle
  •     At the end of your contract simply hand the vehicle back
  •     Option of including maintenance with the contract
  •     No depreciation or disposal risk


Disadvantages:

  •     Vehicle must be returned in a well maintained condition
  •     Early termination can be expensive
  •     You must have fully comprehensive vehicle insurance
  •     You will never own the vehicle

 


More Information on Personal Contract Hire:

It benefits customers wishing to eliminate the financial risk associated with disposing of a vehicle. Contracts are usually taken over two, three or four years, providing a high level of flexibility. Some contracts can be formally extended beyond the end of contract date if required. Just ask and we can answer any of your questions regarding extending your contract.

PCH is very similar to Business Contract Hire; both are based on a fixed annual mileage agreed on inception of a contract. You will need to decide how many miles you drive each year before quotations can be obtained. Once you have stated how many miles you drive in a year and considered which vehicle you would like to lease a quote can be created for you by one of our team.

Regulations with regard to 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 prior to signing the finance agreement.

Please remember this when deciding upon you annual mileage. If you are looking to have predictable motoring costs adding maintenance to your monthly payment is easy. Maintenance is there to put your mind at rest and generally covers servicing, routine maintenance, tyres, exhausts and batteries.

Please note that it is responsibility of the person named on the finance agreement to arrange and pay for fully comprehensive insurance for the vehicle. It is important that the vehicle is returned in accordance with the guidelines set out in the 'Fair Wear and Tear Guide', a copy of which is made available to customers when they are near the end of their PCH agreement.

Pantheon Leasing Limited are a credit broker and not a funder, we are regulated by the Financial Conduct Authority, registered number 665705. We can introduce you to a limited number of finance companies. All offers are subject to change at any time, you must be 18 or over and finance is subject to status, vehicle availability and terms and conditions apply. Failure to maintain payments may result in termination of your agreement and the vehicle being returned, this could affect your credit rating and make it more difficult to obtain credit in the future. All prices listed are based on monthly payments and are correct at time of publication. Note that some contracts may include road tax for the first year only. Breakdown cover is included as per the manufacturer’s warranty, usually for the full term of contract but occasionally for the first year only, please check with the relevant manufacturer as to the length of cover included. Note that although mainland UK delivery is included with the majority of our offers, we do have one or two dealerships that may charge for Scotland deliveries, please check. All Business leasing pricing shown is exclusive of vat, all Personal lease pricing is inclusive of vat. Different terms, mileages and contracts are available upon request. E&OE.

All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.