Personal Contract Hire (PCH)
Individual vehicle hire contracts
This funding method is basically contract hire for the private individual. It is known by most individuals as “leasing a car”.
The customer, whilst not owning the vehicle, benefits from Neva’s buying power to drive down the cost of the monthly rental.
Personal Contract Hire can offer a cheaper alternative to “Personal Contract Purchase” where the leasing company is benefiting from their purchasing terms with the manufacturer or chosen supplier.