Personal Contract Hire Leicester

Hey Fellow Foxes, Tigers, Riders and all of our fellow Leicestershire residents!  We are Ready2Lease, Leicester's best leasing company for your personal car.  We are a friendly bunch and based in Aylestone, where from our modest office we supply brand new cars all over the city, county and country.  

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Personal Contract Hire Leicester

Personal Contract Hire in Leicester has never been easier.

There are lots of different ways for you to buy a new or used car and at Ready2Lease in personal contract hire (PCH) is one of these

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So, what exactly is personal contract hire?

Personal contract hire (PCH) is a form of leasing for people/individuals (as opposed to businesses). This financing method allows you to have use of your chosen car for between one and four years.

It currently accounts for 11% of all the finance taken out on new cars, and is a great option if you want to drive a new car regularly and keep monthly payments down.              

How does personal contract hire work?

First, you need to decide how much you want to pay each month. You also need to calculate how many miles you’re likely to do each year. Once you have that information you can then search for cars that fit with those 2 basic criteria.

You'll then pay a number of fixed monthly payments. It’s usually best to opt for a longer deal rather than a shorter one (as the payments are usually lower on longer deals for obvious reasons). However, the ultimate decision rests with you and your needs and requirements.

What happens at the end of a personal contract hire deal?

At the end of the deal, you simply hand back the car. If you have done more mileage than you anticipated when entering the deal, you’ll be charged for any excess miles.

You'll also be charged for any damage to the car, so it’s worth paying for repairs that need to be done and to have the car thoroughly cleaned inside and out before returning the keys.

What are the Advantages of Personal Contract Hire?

  • The deposit and monthly payments are lower than with HP or PCP, so you can afford to drive a more expensive car.
  • You can change to a new car every year or two, so you won’t have the worry of owning an older car that’s outside of its manufacturer’s warranty.
  • Many deals also let you add on the cost of servicing, so you’ll only have one monthly payment rather than large occasional bills.
  • You don’t have to worry about the car losing value while you’re running it, and you won’t have the hassle of selling it on.
  • You’re only paying for use of the car, so it’s better value than buying outright and then losing money due to depreciation.


Ready2Lease pride ourselves on offering some of the best deals for personal contract hire in Leicester. Please browse through our site to check out some of our special offers. We look forward to being of service to you soon. In the meantime, if you have any questions, please get in touch and we'll be happy to answer any other questions you may have.

Are there any disadvantages to Personal contract hire?

As with everything is life, there are always pros and cons. Following are some things that are non-traditional about personal contract hire versus buying a car outright or financing one through HP (hire purchase):

  • You don’t own the car and you don’t have the option of buying it at the end of the agreement.
  • If you don’t keep up with payments, the finance company can terminate the agreement and take the car back.
  • You can terminate the agreement early, but this will be subject to you paying a termination fee that could be large.

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