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!

Many traditional finance companies might hesitate to approve car loans for those without a full UK driving licence. They often see it as a gamble; after all, you haven’t proven your roadworthiness with a passed driving test yet.

But at Oasis Motor Finance, we take a different route. We work with specialised lenders who understand that a provisional licence doesn’t necessarily mean you’re a risk on the road.

Representative Example Of Credit (Hire Purchase)
Hire Purchase (HP) Finance Example: Cash Price £12,480.00 Total Deposit £1,140.00. Total Amount of Credit £11,340.00. 60 monthly repayments of £284.50. Interest Charges of £5,730.00 Total Amount Payable £18,309.00. Annual Fixed Interest Rate of 11.1%. Representative APR 18.9%.

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Oasis Motor Finance Limited is a company registered in England and Wales with company number 10055340. Oasis Motor Finance is regulated by the Financial Conduct Authority with Financial Services reference number 757830.

Contact

Oasis Motor Finance Limited

Trident Park, Trident Way, Blackburn, Lancashire BB1 3NU

Oasis Motor Finance Limited is a credit broker and a lender.
We look to find the best rate from our panel of lenders, which we are part of and will offer you the best deal that you're eligible for. We don't charge a fee for our service, but we do earn a commission. This does not influence the interest rate you're offered in any way.

Applicants must be 18 years or over. We are only able to offer finance products from our providers.

Oasis Motor Finance Limited are registered with the Information Commissions Office under registration number: ZA196536.