Personal (PCH) or Business (BCH) Leasing
Personal Contract Hire or Personal Leasing is the method used by private individuals to rent a vehicle for a fixed period of time (normally 2-4 years) at a fixed monthly cost. The choice of lease cars and vehicle contracts are flexible to meet your individual needs. At the end of the lease you simply return the vehicle. VAT is built into the monthly rentals and you don't even have to pay for the road tax either, so you don't need to worry about a lot of the costs that come with owning a vehicle.
Business Contract Hire or Business Leasing is the method for businesses to rent a vehicle for a fixed time period (normally 2-4 years) at a set monthly cost. This vehicle contract is suitable for soletraders, partnerships and limited companies. The choice of business car lease offers, vans and leasing contract terms are flexible to meet any business requirement. Business Contract Hire is a popular contract type for VAT registered companies as they can claim back 50% of the VAT on the vehicle rentals and 100% of the VAT on the costs of a maintenance package.