How Personal Contract Hire works

You start by making a low initial down payment - this is typically three months' rental. Your monthly payments are fixed and based on an agreed lease period and mileage. At the end of your agreement you simply hand the vehicle back, with nothing more to pay - as long as you haven't exceeded your mileage and the condition is satisfactory.

You can also include a full maintenance package within the monthly rental. This covers regular servicing costs as well as the costs of wear and tear to things like brakes and tyres.