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Personal Contract Hire Explained

22nd December 2022

What is personal contract hire (PCH)?

Personal Contract Hire is one of the cheapest ways to drive a new car. It's a popular lease choice for customers who want to drive a new car every few years but don't want to own the vehicle at the end of the contract.

David Johnson
Director - Nationwide Vehicle Contracts

Are you over 18 years of age?

How many years have you been at your current address?

We need at least 5 years address history for a personal application

Are you in full-time employment?

How many years have you been with your current employer?

Have you ever been declined for finance before?

How many years ago was this?

Have you got any adverse credit on your file? eg. CCJ, missed/late payments, bankruptcy, IVA scheme

How many years ago was this?

Good News!

You are likely to be eligible for personal finance based on the details you provided.

What would you like to do next?

We're sorry, but you are not currently eligible for personal finance

Lenders may require more detail on some of the answers you provided before you will be eligible for finance.

Please call us on 0345 811 9595 to discuss your finance options

Car lease deals

Personal Car Hire Explained

Play Video: Personal Car Hire Explained with Nationwide Vehicle Contracts

Personal contract hire case studies

Case Study 1:

Case Study 2:

Personal leasing deals

Hot Deal
24 plate
Model version 2024
FREE METALLIC PAINT
Citroen C3 Hatchback 1.2 PureTech Plus *Free Metallic Paint*

Citroen C3 Hatchback

1.2 PureTech Plus *Free Metallic Paint*

From

£152.32

Personal price
per month Incl VAT

Business Leasing £126.93 Excl VAT

Initial Rental £913.92 Incl VAT
Processing Fee: £270.00 Incl VAT
Subject to status and conditions
Hot Deal
24 plate
Model version 2024.5
FREE METALLIC PAINT
Peugeot 208 1.2 PureTech 100 Allure *Free Metallic Paint*

Peugeot 208

1.2 PureTech 100 Allure *Free Metallic Paint*

From

£179.01

Personal price
per month Incl VAT

Business Leasing £149.17 Excl VAT

Initial Rental £1,074.06 Incl VAT
Processing Fee: £270.00 Incl VAT
Subject to status and conditions
Hot Deal
UP TO 58.5 MPG*
Model version 2024
Nissan Juke 1.6 Hybrid N-Connecta Auto *Incl. Special Solid Paint*

Nissan Juke

1.6 Hybrid N-Connecta Auto *Incl. Special Solid Paint*

From

£233.15

Personal price
per month Incl VAT

Business Leasing £194.29 Excl VAT

Initial Rental £1,398.90 Incl VAT
Processing Fee: £270.00 Incl VAT
Subject to status and conditions
Hot Deal
UP TO 124 MILE RANGE*
Model version 2022
INCL METALLIC PAINT
Mazda MX-30 Electric 107kW Exclusive Line 35.5kWh Auto *Incl. Metallic Paint*

Mazda MX-30 Electric

107kW Exclusive Line 35.5kWh Auto *Incl. Metallic Paint*

Save £112.33 per Month Was £306.91

From

£194.58

Personal price
per month Incl VAT

Business Leasing £162.15 Excl VAT

Initial Rental £1,167.48 Incl VAT
Processing Fee: £270.00 Incl VAT
Subject to status and conditions

Guide Information

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