Personal Contract Hire or Personal Contract Purchase
PCH – personal contract hire -follows the company “contract hire” trend. This method allows individuals to hire the vehicle over a set period on a set mileage returning the vehicle at the end of the agreement. This option removes all responsibility of purchasing and selling cars.
PCP – personal contract purchase is similar but allows you the option to purchase the car at a set value at the end of the contract. This method does not always attract the extreme discount found on the bulk offers or special deals. However it can favour the very high end of the market where supply and discount is naturally restricted and the overall intention is to keep the vehicle beyond the period of the agreement.