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Toyota Business Contract Hire

How Does Personal Contract Hire Work?

Personal Contract Hire (PCH) agreements are becoming increasingly popular in the UK, yet many drivers who could benefit from this funding method are still opting for car loans, hire purchase agreements or personal contract purchase (PCP) agreements to acquire their vehicle.

Choosing the right model, specification and colour of your new Toyota is important, but knowing which form of finance will offer the best value for money for you, given your personal circumstances, is equally important and can have a significant impact on the overall costs of driving your new car.

Customers who choose personal contract hire are essentially renting a car for a set period of time and mileage, (usually between 24 and 60 months and any annual mileage between 5,000 and 40,000 miles per year). At the end of the agreement the car is handed back to the lease company and the customer starts a new agreement on their next choice of vehicle. Monthly rentals are dependent upon the model, the term and the annual mileage that the customer has chosen.

Low deposits and low monthly payments are an attractive feature of personal contract hire agreements, often making new Toyota cars affordable to customers who have traditionally purchased used examples. Deposits are usually the equivalent of three months rentals, but can be increased to the equivalent of six, nine or twelve month’s rentals if you wish.

Road Fund Licence is always included in the rental as is Toyota Roadside Assistance, both for the full term of the agreement and most customers also opt for the money saving ‘maintenance package’. For an additional monthly rental all of the cars servicing and maintenance requirements can be catered for, this includes all servicing and consumable items such as tyres, brake pads, brake discs, batteries, exhausts and even wiper blades for the contract duration.

Choosing the correct annual mileage at the start of the agreement is of course important, but with Vertu Toyota you have the ability to alter your total contract mileage free of charge should your circumstances change. Contract mileages can be adjusted up or down at any time except within the last seven months of the agreement and your monthly rental will be increased or decreased accordingly.

It is fair to say that although personal contract hire may be perfect for some customers, it may not be for others. Here are the things which you need to know before committing to a personal contract hire agreement.

Why Choose Vertu Toyota?

Vertu Toyota offer some of the most competitive rentals for new Toyota cars as well as some other key benefits:


Make An Enquiry Today About Our Toyota Contract Hire Offers From Vertu Toyota

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