Personal Contract Hire (PCH)
How Does PCH Work?
Think of PCH as a long-term rental. Kick things off with an initial payment, then follow up with monthly instalments. When your contract is up, just return the keys. Simple, right?
Why Choose PCH Over PCP?
Unlike Personal Contract Purchase (PCP), PCH doesn’t give you the option to buy the car at the end of the contract. The upside? Typically, your monthly payments will be lower compared to a similar PCP deal.
PCH: The Budget-Friendly Choice
Your initial payment can be as low as one monthly instalment, and your contract length can range from 2 to 4 years. All you need to do is choose a car, figure out your annual mileage, and decide on the initial payment. The rest is just smooth sailing.
Want a Luxe Car on a Lean Budget?
Dreaming of a premium model but lack the lump sum to buy it? No worries! PCH allows you to drive a plush car for a surprisingly affordable monthly fee.
What Makes PCH So Cost-Effective?
Your monthly payments are calculated based on the car’s depreciation over the contract term. So, if a car holds its value well, even a high-priced model can be yours for a modest monthly payment.
Is PCH Right for You?
If you love the idea of driving a new car every few years and aren’t fussed about ownership, PCH could be your match made in auto heaven. It offers predictable monthly payments and even allows you to include servicing and maintenance for total convenience.
Mind the Mileage and Condition
Keep an eye on your mileage and the car’s condition to avoid end-of-contract fees. If your driving habits change, many PCH contracts allow you to adjust your mileage allowance.
Any Drawbacks?
Exiting a PCH contract early can be more challenging than with PCP. Also, if you decide you’re head-over-wheels for your car and want to buy it, that’s generally not an option with PCH.
Why Oasis Motor Finance for PCH?
- Tailored Deals: We work with you to find the PCH deal that fits your lifestyle and budget.
- Variety of Cars: From practical to luxurious, we’ve got options for every kind of driver.
- Expert Guidance: Our dedicated account managers are here to make your PCH journey a breeze.
Ready to discover the freedom of PCH? Talk to our experts today!
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