Personal Contract Hire (PCH)
This is a form of car leasing which allows you to drive a brand new vehicle over an agreed period of time and mileage.
It gives you cost-effective access to new vehicles and no need to worry about depreciation - as when you buy a new vehicle outright. You also have the option to include vehicle service maintenance and repairs in a maintenance rental, which means you can budget predictably for all your motoring costs.
At the end of your personal contract hire agreement, you will need to return the vehicle to the finance company. There is no option to purchase the vehicle at the end of your term, however you can simply replace it with another new one. The vehicle should be returned to the leasing company in a condition that meets 'fair wear and tear' conditions, otherwise charges may be incurred.
WHAT ARE THE BENEFITS OF PERSONAL CONTRACT HIRE?
- You can drive a brand new vehicle on monthly repayments
- You can choose to pay on flexible terms from 24 to 60 months
- You return the vehicle at end of the contract
- Monthly repayments are fixed and do not change, making it easier to budget
- At the end of the agreement there are no hassles with selling the car or losing money on the car’s value
WHAT ARE THE THINGS TO LOOK OUT FOR?
- If the vehicle is returned with damage that goes beyond established industry guidelines – known as 'BVRLA Fair Wear and Tear' you may incur charges to repair that damage.
- If you terminate the lease early, you may be liable to pay an early termination fee.
- If you have driven the vehicle beyond the agreed mileage limit, you will be charged an excess mileage rate which is outlined in your agreement.
To further discuss this finance option, please call the franchise branch you require and ask to speak to sales or complete an enquiry form and we will respond to you as soon as possible.
Company Information
© 2021 The JCB Group
Reg Office: Bailey Drive, Gillingham Business Park, Gillingham, Kent, ME8 0PZ
Reg. Company Number: 3597175
VAT Reg. No. GB 703 0471 81
Financial Disclosure
The JCB Group are authorised and regulated by the Financial Conduct Authority for consumer credit activities FRN: 684394 and are an appointed representative of Autoprotect (MBI) Ltd for Insurance distribution FRN: 312143.
The JCB group are a credit intermediary meaning are a Credit Broker not a Lender and can introduce you to a carefully selected number of lenders. We typically receive a fixed commission calculated by reference to the vehicle model or amount you borrow, for introducing you to a lender but this does not affect the interest charged on the agreement, all of which are set by the lender.
We Subscribe to the Motor Industry Code of Practice. The Motor Ombudsman Ltd act as an arbitrator in any unresolved consumer disputes. The Motor Ombudsman Ltd are a Chartered Trading Standards Institute Approved (CTSI) Alternative Dispute Resolution Provider.www.themotorombudsman.org.
The JCB group are a credit intermediary meaning are a Credit Broker not a Lender and can introduce you to a carefully selected number of lenders. We typically receive a fixed commission calculated by reference to the vehicle model or amount you borrow, for introducing you to a lender but this does not affect the interest charged on the agreement, all of which are set by the lender.
We Subscribe to the Motor Industry Code of Practice. The Motor Ombudsman Ltd act as an arbitrator in any unresolved consumer disputes. The Motor Ombudsman Ltd are a Chartered Trading Standards Institute Approved (CTSI) Alternative Dispute Resolution Provider.www.themotorombudsman.org.