Until a few years ago, vehicle leasing and contract hire were very much restricted to the corporate and business world.
The consumer – including the small business owner wanting to run a private car for occasional business use – had fewer options open to them. Unless there was spare cash in the bank.
The only real alternatives for small businesses were: a bank loan; or hire purchase from a franchised dealership – requiring a large deposit.
Thankfully, those days are well behind us. Leasing companies have adapted their offerings to include Personal Contract Purchase (PCP). And, more recently, Personal Contract Hire (PCH). PCH now caters for the majority of personal leasing agreements.
Now the consumer and small business owner have choice. And PCH agreements are available from a wide range of different sources: banks; car dealerships; leasing companies; and leasing brokers.
So what’s the difference?
Related
Your Vehicle Rental appoints Marc McLoughlin as a director
Europcar Mobility Group UK appoints Gavin Morgan as commercial director
CHANGAN Deepal S07 tops business leasing rankings
Nationwide Vehicle Contracts strengthens sales leadership team
Fleets need certainty and consistency from Government changeover, says Corpay
Bentley to use drums, violas and guitars for Torcal EV’s sound
CMA investigates Euro Car Parks over appeals process
City Governments should not plan reactively for charge points, Clean Cities Campaign report finds
Geely EX2 to start from £20,990, up to 214 miles of range
Range Rover Sport Electric to launch as second Land Rover EV
Drivers back mandatory in-car breathalysers, Quotezone survey finds
