Personal Contract Hire, or PCH, is a long-term contract where customers pay a fixed monthly payment for a vehicle. Contracts are usually between two and four years in length.
There are many advantages to leasing, including.
Flexible up front payments (usually the value of three, six or nine monthly payments)
Fixed-term contract, pre-agreed mileage and fixed monthly payments
You hand the car back at the end of the contract, meaning you don't need to worry about disposing of it
Optional maintenance contract
At the beginning of the contract you will agree the mileage that you expect to do over the life of the lease contract and your quote will be built on this information, along with the length of the lease term.
Maintenance packages can also be added to your lease and these generally cover routine maintenance and services, tyres, exhausts and batteries.
You must have fully comprehensive insurance for the vehicle.