Car finance explained: What is Personal Contract Hire (PCH/Personal Leasing)?

Car finance explained: What is Personal Contract Hire (PCH/Personal Leasing)?

Visit: https://motorpocket.com/types-of-car-finance/personal-leasing-or-personal-contract-hire-pch.html for more information on Personal Contract Hire, also known as, PCH/Personal Leasing.

Car finance refers to finance that is secured on the vehicle, meaning that you do not own the vehicle until you have paid the finance in full and if you miss repayments, the lender might repossess your car.

Car finance comes in many forms to meet different preferences, these are explained in more detail below.