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Sep 21, 2022 · What is a car lease? By leasing a car, you’re essentially renting it for a long period, typically two to four years but some lease providers offer shorter and longer terms. When the lease ends, the car goes back to the provider. You may see the term PCH. This stands for Personal Contract Hire and is simply another name for leasing.
Feb 23, 2024 · What is car leasing? Car leasing, or personal contract hire (PCH), is akin to a long-term rental. You get to drive a new car without the hefty price tag of ownership. The process is straightforward: you pay an initial deposit followed by fixed monthly payments over the course of the lease, usually spanning two to four years.
- Victoria Russell
- Money & Personal Finance Expert
Leasing, or personal contract hire (PCH), has long been a tempting route to getting behind the wheel of a new car, often costing less overall than personal contract purchase (PCP) or hire...
- Consumer Editor
What is car leasing? Leasing a car is no different from leasing – or renting – anything else. For example, if you rent a house or flat, you pay a deposit, then you get to use it for an agreed period during which you pay a set amount each month. Once the contract ends, the property reverts back to the landlord. And it's the same with car leasing.
What is a car lease? Leasing a car is a different way of getting behind the wheel of a vehicle. Essentially, it's a long-term rental or hire of a car, which is usually brand new. One of the most popular types of leasing is personal contract hire (PCH).
Everything you need to know about car leasing and personal contract hire (PCH)
Car leasing is a type of car finance that works like long-term vehicle rental. You sign a contract to pay a monthly fee, which gets you full use of a brand new car for a set period – usually between two and four years.
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