Personal contract hire car finance is a fairly simple concept, and is ideal for anyone is looking for a car for a set period of time, but have no intention of purchasing the vehicle outright at the end of the agreement. You will lease the car for an agreed spell – which can be anywhere between 2-5 years – and when the agreement is up you will simply return the car. PCH car finance deals are hassle free, as you do not have to worry about re-selling or forking out for a balloon payment at the end of your agreement.