Personal Contract Hire (PCH) is a personal car leasing product. You pay an upfront fee (usually 3 months depending on your credit rating) and then a monthly car lease fee to obtain a new car for a period of typically between two to four years but you do not have the option to buy the car.

Personal car leasing is car leasing specific to an individual rather than a business where: a person obtains a car from a leasing company or a dealer by committing to making an agreed monthly payment for a 2, 3 or 4 year period. they pay an upfront fee (usually 3 months if they have a CLICK TO READ MORE >>>