Yes, leasing and Personal Contract Hire (PCH) are the same thing. When you
lease a car, you make fixed monthly payments to use the car for an agreed
period, typically 2-4 years, and for an agreed annual mileage. Once the
contract ends, you simply return the car to the leasing company. You never
own the car, and there's no option to buy it. Leasing is essentially a
long-term rental.