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What is Personal Contract Hire?

Cars are one of the most popular forms of transport in the world. Having the freedom to drive where you want, when you want, is something that never gets old. Personal Contract Hire makes the use of a vehicle a lot more straightforward and affordable when compared to buying a car outright.

Personal Contract Hire is similar to other contract hire agreements with the main difference being that it only applies a specific individual rather than a business. It is one of the most popular ways of leasing a car that is normally associated when a person talks about car leasing in general.

When you have a Personal Contract Hire agreement, you can drive a car for an agreed period of time. This duration is known as a 'lease period'. Even though the car is actually in your possession, you do not own it.

You make monthly fixed rentals for the time period that you contract runs. Once the contract has completely finished, you return the car.

People find this agreement appealing as it means that they don't have to worry about the eventual resale value of the actual car. As you don't actually own the vehicle, once your contract is finished you can walk away without any extra obligations.

Who is Personal Contract Hire for?

A lease is calculated on the difference between the initial purchase price and the residual value of the vehicle. At the end of your contract you have to give the car back and simply and take out a new lease, instead of gambling on the used car market hoping that your car hasn’t depreciated massively.

Basically with personal contract hire you don’t have to worry about depreciation, warranty or vehicle disposal at the end of the contract. Car leasing is effectively a long term rental. You pay a fixed monthly rental to use the car for an agreed amount of time and mileage. Our customers simply budget a monthly vehicle expense to drive a different new car every two to four years

If you are a person that has to travel a lot, your mileage will increase. This means that the depreciation will increase, meaning a higher monthly rental. It is important to note that the monthly rentals you have are fixed, meaning that it's more accommodating compared to actually buying a vehicle.

A lot of people prefer to have a new car on a regular basis but can't afford to, if this is the case, a Personal Contract Hire agreement is the best option for you. After a contract is finished you are able to able to start a brand new agreement on the same day. We have a wide range of vehicles to choose from, so you will never struggle for choice.

What are the benefits of Personal Contract Hire?

Fixed costs

One of the main reasons that a person will choose to lease a car is the fixed costs. As you understand how much the monthly rentals will be before the contract even begins, you'll be able to budget properly without any surprising costs appearing out of nowhere.

Less obligations

One of the great things about Personal Contract Hire agreements is the fact that you have very few obligations to take care of. As you don't own the car, you won't be selling it by the end of the agreement. This completely avoids the pedantic job of putting the car on the market, letting potential buyers see the car and actually selling it. All you have to do is return it to is and the agreement is finished.

You also have the choice to add a maintenance package along with your Personal Contract Hire agreement. This means that you don't have to worry about any of these aspects of the vehicle, giving you another thing that you don't have to worry about.


One of the main points in taking out a Personal Contract Hire agreement is that it's a convenient way to use a car. A lot of people get turned off driving a new car because of large the upfront costs and all of the maintenance that occurs later on down the line.

The upfront costs for leasing a car are usually lower than buying a car, and the monthly rentals can be smaller compared to getting a loan, as a loan for a car is usually more expensive.

Lease Car and You

One of our main goals at Lease Car is to make sure that you end up with a contract that is best suited to your needs. We have a variety of cars that can be a great addition to anybodies life.

If you've always wanted a car, or simply don't want to pay the fees that happen with owning a vehicle, car leasing is the best option for you. If you have any questions at all, get in contact today and we can get you sorted with a car best tailored for you.

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Trust, Compliance & Small Print

All primary prices shown on this page ex VAT at the prevailing rate unless otherwise stated.

An excess mileage charge may be applied if the contracted mileage is exceeded. Full details will be provided within the written quotation.

You will not own the vehicle and it should be returned clean in a condition that is commensurate with its age and mileage, otherwise charges may apply.

LeaseCar UK is a trading style of Central Contracts (S.O.T.) Limited
Central Contracts (S.O.T.) Limited is a credit broker not a lender
Central Contracts (S.O.T.) Limited is authorised and regulated by the Financial Conduct Authority
We are acting as a credit broker for the purposes of arranging your selected finance contract. We have a commercial relationship with a carefully selected panel of lenders and we may receive a commission from the selected lender. We do not charge you a fee for our credit broking services.

Central Contracts (S.O.T.) Limited.
Central House, Trentham Business Quarter, Bellringer Road,
Stoke-on-Trent, Staffordshire, ST4 8GB.

VAT Reg No. 715 25 1558 Company Reg. No. 3635778
Financial Services Register No. 677877 ICO Registration No. Z7112215

From April 2020 WLTP will replace the current NEDC test procedure for establishing the official Fuel Consumption and CO2 emissions of new cars. Please be aware of the following:
For vehicles registered on or after 1st April 2020 vehicle road tax costs will be based on the WLTP CO2 values and may change the monthly rental cost.
Vehicles registered on or after 6 April 2020 Please be aware the addition of certain factory fitted options may impact the vehicles co2 emissions and affect your monthly rental.

The Financial Ombudsman (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at

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