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Vauxhall Personal Contract Hire (PCH)

Personal contract hire (PCH), is commonly known as vehicle leasing, and in effect is like long-term car rental where you enjoy driving the vehicle of your choice, but without having to take on full ownership and furthermore, the fixed monthly rental also often includes the cost of your Road Fund Licence. With a Personal Contract Hire agreement you can choose from 'No Maintenance', ‘Service Only’, ‘Full Maintenance’ or ‘Full Maintenance with Tyres’ options. This means your ongoing motoring costs are fixed over the term of the agreement allowing you or a company to budget easier and thereby reduce unexpected costs.

How does Vauxhall PCH Work?

At the end of the agreement you have a choice of three options:

  • Pay the guaranteed future value to own the vehicle outright
  • Hand back the vehicle with nothing more to pay
  • Part exchange the vehicle and use any equity as a deposit on your next vehicle

You sign a PCH agreement with a leasing company that lets you drive a brand-new Vauxhall for a selected period of time, for an agreed annual mileage and for a fixed monthly fee (usually between three to six months’ rental). The agreement consists of a non-refundable upfront payment, followed by regular monthly payments for the length of the contract, it really is as simple as that!

This type of vehicle finance can be very tax efficient for companies because the contract hire vehicle is actually owned by the leasing company and does not have to be shown as an asset on the company balance sheet. Furthermore, some or all of the rental charge can be offset against taxable profits

Points to Note: You never own the vehicle, you simply just hand it back at the end of the contract hire period.

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Drive Motor Retail Limited is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Drive Motor Retail Limited to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only.

We can introduce you to a selected panel of lenders, which includes Vauxhall Finance. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to Vauxhall Finance, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to be make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and Vauxhall Finance also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.