PCH has become an increasingly popular alternative to buying over the past few years.

We have listed below the benefits of PCH compared to conventional car finance options.

• PCH means lower monthly rentals
  Because you only pay for the portion of the vehicle that you actually use, your monthly PCH rentals are significantly lower than loan repayments for the same duration.

• PCH means more car, more often
  With lower monthly rentals, you get more vehicle for your money. Plus you can change your vehicle every 2, 3, 4, or 5 years depending on the duration of your contract.

• PCH means lower initial cash outlay
  The initial rental on a PCH vehicle can be as little as one month (subject to terms). This makes acquiring a vehicle more affordable and frees up your cash for other things.

• No vehicle disposal worries
  With PCH the need to dispose of your used vehicle is eliminated. At the end of the contract you simply return the vehicle without any further financial commitment.

• No depreciation worries
  The biggest single cost of owning a car is depreciation – the difference between the purchase price and the value when you come to sell.
  Recent years, have seen a major fall in used car values and many car owners have been shocked at how little their cars are worth. With PCH, depreciation is the responsibility of the funding company.

• Fixed cost motoring
  Your monthly rental is set for the duration of the contract. If you include our full maintenance option, you will know your motoring cost for years ahead.

• Lower capital costs
  Because PHVC and our Partners buy hundreds or even thousands of cars every year, the prices we pay are always significantly lower. However, regardless of the purchase price, the car’s future value in 2, 3, 4 or 5 years will be the same. Consequently a PCH vehicle will incur less depreciation, which in turn will be reflected in a lower monthly rental.