Economics Finance

Personal Contract Hire or PCH is one of the most popular options available when it comes to leasing a vehicle for personal use. If you have never entered into a leasing agreement before, you may not be familiar with the term. If this is the case, then you may not know if it would be the right choice for you or not. Many new clients get confused at first because the lesser may ask the following question. Do you want a lease or a Personal Contract Hire?

You may be wondering what the difference is between the two but, feel a little embarrassed having to ask that question when you’re on the verge of entering into a contract with a leasing company. Still, it would be difficult to know how to answer if you don’t ask. It can also be very frustrating unless you understand what you’re actually being asked.

Fortunately, it’s not as complicated as it may sound because some of the leasing terminology can get a little confusing. Once you know what the terms mean, it will be easy to answer any question you’re asked. The main reason this question gets confusing is because in essence, the PCH is simply a type of leasing option. Therefore, if you’re asked, do you want to choose a lease or a Personal Contract Hire, you’ll basically being asked which type of leasing contract would you like to take out. Continue reading ‘Is Personal Contract Hire the Right Choice For You?’ »

When it comes to Ford car leasing, you have several options to choose from. One of the things that you will have to decide is how long you want the contract to run. Most people will usually take out a lease for two, three or four years but longer or shorter terms can be arranged. This is something that you’ll need to think about and decide before you take out your lease and it’s something that you should consider carefully.

In order to determine how long you should lease your next Ford, you need to ask yourself a few questions. Start by taking a good look at your financial situation. How long can you really afford to lease the vehicle? Normally, a shorter lease means lower payments because the vehicle will not depreciate in value as much in one year as it will in two or three. Since the overall cost of the leasing agreement is partly determined by the depreciating value, this is an important question.

The next thing to ask yourself is what do you plan to do at the end of the leasing contract? If you give the vehicle back, you’ll be without transportation unless you have already made other arrangements. Of course, you could always opt to purchase the Ford that you’re leasing or lease another one. Nevertheless, this is something that you need to consider before you lease the vehicle. Otherwise, you may find yourself trying to figure out what to do at the end of the lease. Plus, it will give you an idea of how long you actually need the leased vehicle. Continue reading ‘How Long Should Your Ford Car Leasing Contract Run?’ »