Personal leasing is an cost effective alternative to owning a car.
Car leasing is no longer restricted to business users; anyone can now lease a car. In fact - year on year - personal leasing is the biggest growing sector of the car leasing industry.
There are two main types of personal leasing:
- Personal Contract Hire (PCH)
- Personal Contract Purchase (PCP)
Fundamentally, the difference between these two types of car leasing is that with PCP, you have the option to purchase the vehicle at the end of the contract, should you wish to do so. But in fact, most customer return their cars at the end of contract and lease a new one.
Personal leasing is one of the most popular means of getting a new car, for the following reasons.
- you get to drive a brand new car every 2 or 3 years
- you enjoy fixed-cost motoring, which makes car leasing easy to budget for
- you don't have the risks associated with new car depreciation risk
And the process is very simple. You just pick the car, decide on your preferred contract and submit an application form. Once your application has been approved and you have ordered your car (to your specified colour, equipment levels, etc), we deliver it to your door (at your convenience) as soon as it arrives into stock - whether at home or at work.
The clever way to lease a new car
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