Back to Home

  1. Home
  2. Personal Car Leasing

Personal Car Leasing

Learn all about personal car leasing with Top Gear Vehicle Leasing.

What is Personal Car Leasing?

Are you thinking about getting a new car but unsure about buying one outright? Personal car leasing might be the perfect solution for you. Let's explore what personal car leasing is, how it works, and why it could be an excellent option for your next vehicle.

Personal car leasing, also known as personal contract hire (PCH), is a type of long-term rental agreement where you pay a fixed monthly fee to use a car for a set period, usually between 2 to 4 years. Unlike traditional car loans, where you eventually own the vehicle, leasing allows you to drive a new car without the long-term commitment and hefty upfront costs associated with buying.

Benefits of Personal Leasing

When considering personal leasing, here are some key advantages to keep in mind:

  • Flexible Initial Payment: Choose a payment plan that suits your financial situation.

  • Fixed Term Contract: Enjoy the predictability of a set lease period.

  • Fixed Mileage Contract: Lease terms are tailored to your expected mileage, ensuring no surprises.

  • Fixed Cost Motoring: Manage your budget with fixed monthly payments.

  • Customized Profiles: Select a leasing profile that matches your lifestyle and needs.

  • Pay for Usage Only: You only cover the cost of using the vehicle, not owning it.

  • Easy End-of-Term Process: Simply return the vehicle at the end of your lease, hassle-free.

  • Maintenance Options: Opt for maintenance packages to include servicing and repairs in your lease.

  • No Depreciation Concerns: Avoid the risks associated with vehicle depreciation and resale

Considerations of Personal Leasing

While there are many benefits to personal contract hire, it’s important to be aware of some potential drawbacks:

  • Vehicle Condition: The vehicle must be returned in good condition, with maintenance standards upheld.
  • Early Termination Costs: Ending the lease early can incur significant fees.
  • Insurance Requirements: Comprehensive vehicle insurance is mandatory.
  • No Ownership: You will not own the vehicle at the end of the lease term