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.
For more information regarding Personal Contract Hire, please call us on 01233 220277, visit one of our branches in Kent or Sussex, or make an enquiry so that we can get back to you.