Leasing Made Simple
Personal Contract Hire
Personal Contract Hire (PCH) Car Finance at HPL Motors
Lowest Monthly Payments, Newest Cars - PCH Leasing Made Simple
Personal Contract Hire (PCH) offers the lowest monthly payments of any car finance option, allowing you to drive quality used cars with minimal upfront costs and predictable monthly expenses.
At HPL Motors, we've helped thousands of customers access reliable transport through PCH leasing agreements that remove the worry of ownership, depreciation, and resale values.
With over 30 years of experience and relationships with leading lenders across the country, we make PCH leasing straightforward, whether you want hassle-free motoring or need predictable business vehicle costs.
Our promise: Transparent advice, competitive rates, and PCH solutions that keep you driving without the ownership responsibilities.
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What is PCH Car Finance?
Personal Contract Hire (PCH) is a long-term car leasing agreement that allows you to drive a quality used car for the lowest possible monthly payments. Unlike HP or PCP, you never own the car - you're essentially renting it for an agreed period, then simply return it at the end.
With PCH leasing, you avoid all ownership responsibilities, including depreciation risk, resale concerns, and disposal hassles. Just drive, maintain, and return the vehicle when your agreement ends.
Why Choose PCH Leasing for Your Used Car?
No Depreciation RiskÂ
You'll never lose money on depreciation because you never actually own the car. Simply return it at the end, regardless of market values or condition changes.
Access to Better Vehicles
Lower monthly payments often allow you to choose higher-spec or newer used cars than you could afford with traditional purchase finance options.
Maintenance Packages Available
Many PCH agreements can include servicing and maintenance, creating one simple monthly payment covering everything except fuel and insurance.
Is PCH Right for You?
PCH leasing works best for drivers who:
- Want the lowest possible monthly payments
- Prefer not to own vehicles or deal with depreciation
- Drive within predictable mileage limits (6,000 to 15,000 miles annually)
- Want hassle-free motoring without ownership responsibilities
- Prefer changing cars every 2 to 4 years
- Value predictable monthly costs above ownership
- Don't want to worry about resale values or disposal
When PCH Might Not Be Ideal
PCH may not suit you if:
- You want to own your car in the end
- You drive high mileage or unpredictable distances Â
- You prefer to modify your vehicles
- You want to build equity through car payments
- You keep cars for many years
- You don't want strict mileage or condition restrictions
If the above sounds more like you, then Hire Purchase (HP) or Personal Contract Purchase (PCP) car finance might be better options - speak to our dedicated HPL finance specialists for personalised advice.
Understanding Your PCH Agreement
The Initial Payment
Your initial payment is typically equivalent to 3, 6, or 9 months' lease payments paid in advance. This deposit reduces your ongoing monthly costs and secures your lease agreement.
Monthly Lease Payments
Your PCH payments cover:
- Vehicle rental - The cost of using the car during your lease period
- Road Tax - Often included in the monthly payment
- Maintenance packages - Optional servicing and maintenance coverage
- Optional extras - Any additional products you choose (such as GAP insurance)
Agreement Terms
PCH agreements typically run from 2 to 4 years, giving you the ultimate flexibility to choose a term that matches your motoring needs and budget requirements.
Annual Mileage Limits
Your PCH agreement includes an annual mileage limit (typically between 6,000 to 15,000 miles). This must be realistic for your needs, as excess mileage charges of around 3p to 15p per mile apply if exceeded.
Return Conditions
At the end of the agreement, the car must be returned in good condition, with fair wear and tear accepted. We'll explain the acceptable standards clearly before you sign the agreement.
No Purchase Option
Unlike PCP finance, PCH agreements have no option to buy the car at the end. The vehicle must be returned to the leasing company when your agreement expires.
PCH Used Car Leasing Across Manchester & Lancashire
For over 30 years, HPL Motors has been the trusted choice for PCH used car leasing across Manchester and Lancashire. Our four showrooms located across the North West of England put quality used cars and expert PCH advice right on your doorstep.
Are You Ready to Explore PCH Leasing?
Discover how PCH could work for you with our 60-second soft credit search, or speak to our finance specialists for guidance.
Local Expertise, Regional Coverage - PCH Leasing Where You Need It!
FAQs
- Can I end my PCH agreement early?
Early termination of your leasing agreement is possible, but usually involves significant charges. Most deals require you to pay a substantial portion of the remaining payments, so it's important to choose your term carefully.
- What happens if I exceed my mileage limit?
Excess mileage charges typically range from 3p to 15p per mile depending on the vehicle. These charges can add up quickly, so it's really important to estimate your annual mileage accurately at the start.
- Can I modify the leased car?
No, modifications are generally not permitted on leased vehicles as they don't belong to you. The car must be returned in its original specification at the end of the agreement
- What condition must the car be in when I return it?
The car should show only fair wear and tear appropriate to its age and mileage. Damage beyond normal wear will result in charges, which we'll explain clearly before you sign.
- Can I get PCH with bad credit?
PCH agreements can be more challenging to obtain with poor credit, as you never build equity in the vehicle. However, we work with specialist lenders who may still consider your application - speak with us to find out more.
- What's included in a maintenance package?
Vehicle leasing maintenance packages typically cover servicing, MOTs, repairs, and sometimes tyres and replacement parts. This creates one predictable monthly payment covering most motoring costs except fuel and insurance.
- What happens at the end of my PCH agreement?
You simply return the car to the leasing company, subject to condition and mileage checks. There are no ownership options - you'll need to arrange alternative transport or start a new lease.
- Do I need insurance for a leased car?
Yes, you must maintain fully comprehensive insurance throughout the lease period. The leasing company will typically require specific minimum coverage levels and may need to be listed as an interested party.