As more and more people are turning to personal contract hire (PCH) for their car needs, the interest in used car PCH deals is on the rise. And why not? It is a great way to get the car of your dreams without breaking the bank.
A personal contract hire agreement is an arrangement where you pay a monthly fee to use a car for a set period, usually between 2-4 years, with an agreed mileage limit. At the end of the agreement, you simply hand the car back to the leasing company.
There are many benefits to a PCH agreement, such as predictable monthly payments, fixed interest rates, and the option to include maintenance and servicing packages. Plus, you can get your hands on a brand new car every few years, without having to worry about the depreciation that comes with owning a car outright.
But what about used car PCH deals? Well, they work in much the same way. You can choose a used car, usually between 1-3 years old, and take out a PCH agreement on it. The monthly payments will be lower than if you were to take out a lease on a brand new car, and you will still get all the benefits of a PCH agreement.
However, there are a few things to be aware of when considering a used car PCH deal. Firstly, the mileage limit may be lower than if you were to take out a lease on a brand new car. This is because the car has already been driven, and you will need to factor this into your decision-making process.
Secondly, you may not be able to choose the exact specification of the car you want, as the stock available for PCH agreements may be limited. But if you are flexible with your requirements, you can still find a great deal on a used car PCH agreement.
Finally, it is important to ensure that the car you are leasing is in good condition. This means taking it for a test drive, checking its service history, and looking for any signs of wear and tear. You will also need to ensure that the leasing company is reputable and trustworthy, so do your research before signing on the dotted line.
In conclusion, used car PCH deals are a fantastic way to get behind the wheel of your dream car without breaking the bank. They offer many of the same benefits as a lease on a brand new car, but with lower monthly payments. However, it is important to be aware of the mileage limit and the availability of specific models before committing to a used car PCH agreement. As always, do your research and ensure that the car and leasing company are both in good condition before signing any agreements.