PCH, Personal Contract Hire as it will also be known as, is equal to leasing.
It is a fixed term and mileage agreement (pre-determined between customer (YOU) and the Leasing Company) and is available on a number of Nissan, Suzuki and Hyundai models with J Edgar & Son. You will never own the vehicle and you cannot sell the vehicle on.
With PCH you will pay an advance rental - a bit like a deposit and then an agreed number of fixed monthly rental payments including VAT for the hire period you have chosen. Once the agreement comes to the end, you must return the vehicle to the Finance Company/Leasing Agent. There is no option to purchase the vehicle from the Finance Company/Leasing Agent.
You must ensure the vehicle is COMPREHENSIVELY Insured at all times, and it must undergo and Annual Service and be maintained according the manufacturers requirements. At the end of the contract period the vehicle will be assesses by independent assessors as to the conditions of the vehicle based on standards set for fair wear and tear of a car of its age. Refurbishment charges may apply. For more information on this, visit - www.fairwearandtear.co.uk. Any mileage in excess from stipulated in the contract will be charged pro-rata.