Finance

Personal Contract Hire

What is Personal Contract Hire?

Personal Contract Hire is a fixed-cost, rental agreement. You choose a new vehicle, agree the maximum annual mileage and length of agreement, and then pay an initial rental followed by fixed monthly rentals to suit your budget. You can even choose to cover vehicle maintenance costs as part of your agreement subject to paying a maintenance charge which is added to your monthly rental.

Personal Contract Hire Explained

  • Available on Shogun Sport and Outlander PHEV
  • Flexible initial rentals
  • Set payment to suit your budget
  • Hassle free at the end of the contract, simply hand the vehicle back and start again. Subject to vehicle condition and mileage.
  • Agreed annual mileage. If you drive less than the agreed annual mileage this will not alter the monthly rentals. If you exceed the agreed annual mileage, excess mileage charges will apply.
  • You can change your contract duration and mileage (except during the first or last 6 months of the contract). Your monthly rental will be amended accordingly.
  • Contract term 2 - 5 years.
  • Maximum annual contract mileage: 50,000 miles (maximum contract mileage 150,000).
  • You are not entitled to any of the sale proceeds following vehicle disposal at the end of the contract.
  • Minimum contract annual mileage: 5,000 per annum (you can drive less than 5,000 miles per annum, however this will not alter the monthly rentals).
  • At the end of the contract, you must return the vehicle. You will have nothing further to pay provided the vehicle is in good condition and has not exceeded the agreed mileage. If the vehicle does not meet the mileage and condition terms, excess charges may apply.

    • Customer Benefits

  • Fixed low rentals - to suit your budget.
  • Zero depreciation risk - no disposal worries, simply return the vehicle at the end of the contract. Excess charges will apply if the vehicle is returned outside of the condition and mileage terms.
  • Road Tax included - renewed annually.
  • Flexible terms - choice of advance rental, contract period and mileage available.
  • Ownership - you cannot buy the vehicle at the end of the contract.

    • Customer Risks

  • Maintenance - you must maintain the vehicle in accordance with the contract conditions.
  • Insurance - you must have fully comprehensive insurance.
  • Termination - you can terminate the contract early by paying 50% of the remaining rental cost.