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Leasing Guide
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Saab Car Leasing, Skoda Car Leasing, Toyota Car Leasing,Vauxhall Car Leasing, Volkswagen Car Leasing, Volvo Car Leasing
We are an appointed broker of Lombard North Central PLC
The Car leasing Centre not only offers Business Contract Hire but also offer a personal option. Personal Contract Hire is an agreement where a Customer pays a fixed monthly installment for using the car for a predetermined time period and a preset mileage. The car is returned to the Funding House at the end of the contract.
FEATURES
Personal Contract Hire gives the user a fixed equal monthly rental for a fixed contract term. At the end of the contract term the car is handed back. The minimum term is 24 months, however the Car leasing centre can offer 60 months contracts.
It is Popular with Company car drivers who are given a "Car Allowance" instead of a company car thus allowing the individual to make his/her own choice and arrangements. This in turn will benefit the company. This will also avoid "Benefit in Kind" taxation.
Personal Contract Hire gives the user a fixed equal monthly rental for a fixed contract term. At the end of the contract term the car is handed back. The minimum term is 24 months, however the Car leasing centre can offer 60 months contracts.
It is Popular with Company car drivers who are given a "Car Allowance" instead of a company car thus allowing the individual to make his/her own choice and arrangements. This in turn will benefit the company. This will also avoid "Benefit in Kind" taxation.
Advantages:
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Low initial outlay.
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The contract is not subject to a final balloon payment.
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Summary:
Overall, a convenient and hassle-
Who can benefit from Personal Contract Hire?
Personal Contract Hire was initially designed for those who wanted to have a car allowance instead of the company car.
It is a good option for individuals who would like a car but cannot afford to buy one outright. It is also good for those who like to replace their cars with a newer model s on a frequent basis.
