Personal contract hire explained: What is it & how it works
Personal contract hire (PCH) is a long-term lease agreement for private individuals who want to drive a brand-new car without owning it at the end of the contract.
It's one of the most popular (and often more affordable) alternatives to buying a car outright through a bank loan or dealer finance.
In this video, we explain how PCH works and what to expect across the full contract.
You'll learn:
What personal contract hire is and how it differs from buying a car
How the payment and contract structure works
Why you're never responsible for depreciation or disposing of the vehicle
What happens at the end of the contract
The key benefits of PCH, including fixed monthly payments, flexible contract terms, no depreciation concerns, and inclusive road tax and breakdown cover
Timestamps:
0:00 Introduction
0:04 What is personal contract hire?
0:20 How PCH works
0:39 Benefits of PCH
1:02 Find out more
Thinking about leasing a car on a PCH agreement?
👉 Browse our latest lease deals: https://www.nationwidevehiclecontract...
👉 Or read our full personal contract hire guide: https://www.nationwidevehiclecontract...
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Nationwide Vehicle Contracts is one of the UK's leading car and van leasing brokers. We've arranged over 180,000 lease agreements since 2002 and have won multiple industry awards, including Best Large Leasing Broker 2025 and the Feefo Platinum Trusted Service Award.
📞0345 811 9595
🚗Latest lease deals: https://www.nationwidevehiclecontract...
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