Personal Contract Hire Flex
Car
Simply explained
This short video provides a simple explanation of leasing a car with Personal Contract Hire Flex.
What is it?
Personal Contract Hire Flex provides you with a flexible, short-term solution for use of a car. At the end of the agreement, you simply return the car. So, you’ve no worries about car’s value dropping or having to sell it.
How it works
- A Personal Contract Hire Flex agreement can be structured to meet your needs based on the vehicle, how many miles you expect to do, how long you want it to run and any extra services you want.
- The greater the initial rental you put down, the lower your regular rentals will be.
- We guarantee the rental amount stays the same, as long as any government fees or charges that are included, such as Vehicle tax, don’t change.
- Choose a car for a 12-month initial period. After 6 months you can end the agreement, with 30 days’ notice, without penalty.
- You can also extend the agreement month by month, for up to 12 more months.
- At the end of the agreement you simply return the vehicle.
Why it could be right for you
- The agreement is flexible, to meet the rental period you want and the miles you expect to do.
- Ideal if you don’t want to commit to a car long term.
- At the end of the agreement, just return the car to us. So you’ve no worries about the car’s value dropping, or having to sell it.
More you should know
- You must lease the car for a minimum of 6 months.
- You won’t own the car and there is no option to buy it at the end of the agreement.
- When you return the car, you’ll need to pay for any mileage you’ve done over what you agreed. You must also keep the vehicle in good condition in line with British Vehicle Rental and Leasing Association standards. If you don’t, we may charge a refurbishment fee.
- If you’re a limited company, PLC or limited partnership, we can’t offer you this agreement.
- If you choose not to include servicing and maintenance in your monthly rental, then it is the responsibility of the customer to service and maintain the vehicle according to the marker’s guidelines (ideally via the franchised dealer network). Failure to do so will lead to a recharge for any work required after the vehicle is collected.