What is Personal Contract Hire (PCH)?

Personal Contract Hire leasing agreements are an affordable way to drive a brand new vehicle. The underlying contract is a regulated hire agreement where you agree to pay a monthly rental plus VAT for a period of time to use the vehicle.

How does it work?

Lombard Vehicle Solutions set a future re-sale value of the vehicle, which is based upon the anticipated mileage and the term of the agreement. This is then deducted from the discounted cash price of the vehicle. The payments are based on the difference with interest payments included. At the end of the agreement you simply return the vehicle, leaving you free to lease another vehicle should you wish.

Drivers, therefore, only pay for the proportion of the car's life that is used, thereby reducing the monthly payment. The vehicle is then simply handed back at the end of the contract and, assuming it is returned in a condition commensurate to its age and mileage, it has a full service history and that the agreement mileage has not been exceeded, there is no further payment to make. There is no option to own the vehicle at the end of the agreement.

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What are the benefits of Personal Contract Hire?

  • Fixed monthly rentals for easier budgeting 
  • Flexible choices for agreement term and mileage
  • No risk of depreciation to you as we own the vehicle
  • Optional maintenance packages
  • Road Fund Licence included 

What else do I need to take into consideration?

  • You must be over 18 years old
  • Vehicles are leased for private use
  • Early termination will incur a penalty fee
  • Excess mileage will be charged additionally as set out in the terms of the agreement
  • You'll need to organise fully comprehensive insurance for the vehicle
What else do I need to take into consideration?

How can Lombard Vehicle Solutions make a difference to your business?

  • Offering intelligent, forward-thinking and flexible vehicle funding solutions to meet your requirements
  • We work in collaboration with ALD Automotive’s innovative products and award-winning support services
  • Team of trusted experts
  • Utilising ALD Automotive's 60 years of experience combined with the asset experience of Lombard
  • Delivering an experience we're proud of to all our customers

Order vehicles in 3 simple steps:

  • 1

    Tell us what you're looking for

    Submit an enquiry and our expert support team will get back to you shortly to discuss your tailored quote. Once your business is accepted for finance, simply place your order.
  • 2

    Pick a date for delivery

    We'll send you the paperwork to check, sign and return, before the dealership contacts you to arrange a convenient time to drop your vehicle off.
  • 3

    Get on the road to success

    Accept delivery and enjoy your new vehicle. At the end of your agreement, simply hand it back with nothing more to pay, subject to the vehicle’s condition in line with its age, mileage and use.

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ALD Automotive Ltd trading as Lombard Vehicle Solutions is a product solution provided for Lombard North Central PLC. We store, process and use any data you share with us securely. We don’t share data for marketing purposes with any other company. In the future, if we need to change the way we use your data, we’ll contact you to let you know about the change and to ask for your permission.

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