PERSONAL CONTRACT HIRE
Personal Contract Hire is relatively new product that was originally designed for people opting out of their company car scheme and wishing to utilise a car allowance to finance a new or used vehicle.

You benefit from our purchasing power and that of the national leasing companies, which allows us to offer extremely competitive contract hire and lease rates and ensures your money will go further than you may have expected.

Most rates are the same as our business contract hire rates but with V.A.T included. 

• Low initial payments
• Fixed cost motoring*
• Optional maintenance packages available 
• New or nearly new vehicles available
• Vehicle is returned to the finance company at the end of contract
• Contract length terms available from 12 months to 48 months

* Assuming the rate of VAT stays the same.

PERSONAL CONTRACT PURCHASE
Personal Contract Purchase is popular method for private individuals and non VAT registered businesses who want a hassle-free and cost-effective way to finance and maintain a vehicle.

This product offers the flexibility of letting you choose your end of contract options and is available on new or used vehicles.

• Two, three and four year contracts available.
• Low initial payments (normally 3 Months)
• Fixed cost motoring
• Optional maintenance packages available 
• New, nearly new or used vehicles available for finance 
• Wide range of end of contract options as shown below

End of contract options:
Option 1 - Pay the final 'balloon' payment and keep the vehicle.

Option 2- Fund the 'balloon' payment over a further agreed period.

Option 3 -  It may be possible to trade in the vehicle, releasing any available equity to form a deposit for your replacement vehicle.

Option 4 - Return the vehicle without making the 'balloon' payment. No further obligations, excluding any excess mileage or damage charges incurred.

Benefits to you:

• lower monthly payments
• flexibility - you can keep the vehicle, extend the contract or return the vehicle
• payments not subject to VAT
• available on new cars and used cars up to seven years old at the end of the contract
• regular payments are kept low and the decision whether to keep the vehicle is left until the end of the agreement
• repayments in advance or arrears