personal contract hire (PCH)
Personal Contract Hire (PCH) works in the same way as the company scheme - Contract Hire - in that the vehicle is under a long term rental, and merely handed back at the end of the term.
Road Tax is included for the duration of the full term, and maintenance packages can also be added.
key benefits
- low initial payment
- a low initial payment helps cashflow.
- no disposal worries
- vehicle collected by finance company at end of term.
- easy transition from company car
- Road Tax included for contract term.
- maintenance option
- no budgeting worries, everything can be covered.
- tax benefits
- no company car tax to pay = more money in your pay packet!