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?’ »