Personal Contract Hire at Premier Motors
Premier Motors offers a fantastic range of new Ford's and MG's on PCH on the Isle of Wight
What is PCH
Personal contract hire is a very popular way to buy a new car. PCH is commonly referred to as leasing, where a customer has no intention of being the owner of a car at the end of the agreement. PCH is fundamentally a type of long-term rental.
You lease a car for an agreed period with fixed monthly payments. When the contract expires you return the car and take out a contract for a newer vehicle.
|
Benefits: No balloon or final payment required. Monthly payments are fixed. Small deposits are accepted. Typically, monthly payments are less than PCP. |
Potential cons: Like other agreements, PCH do have mileage limits. After the agreement the car must be returned in good condition, else charges may apply. You won’t own the vehicle after the agreement. Potential restrictions on taking the vehicle abroad |