PCH OFFERS AT
WEST END GARAGE
How Personal Contract Hire Works
1. YOUR RENTAL PAYMENT PERIOD Choose any period between 12 and 48 months
2. MILEAGE PER YEAR Choose how many miles you expect to drive each year.
3. SERVICING Choose to include a service, maintenance and tyres plan in your agreement (This cannot be added later)
Once you have paid all outstanding rentals, simply hand the vehicle back, subject to fair wear and tear and any excess mileage charges.
Is Personal Contract Hire for You?
How important is it to own the vehicle at the end of the contract?
What is the vehicle’s annual mileage and is it likely to change over the coming years?
Would you want the flexibility to change sooner? If so, then Personal Contract Hire may not suitable as it will be “expensive” to early terminate
The Benefits of Contract Hire can include:
✔ No risk of ownership
✔ No disposal concerns at end of the contract – simply hand the vehicle back subject to T&C’s
✔ Change the vehicle on a regular fixed period
✔No additional final payment at the end of the agreement,
there may be additional charges due to excess mileage and fair, wear & tear where applicable
The Possible Downsides
Early termination – calculated as a % of the outstanding rentals – may be expensive
No option to gain ownership from ŠKODA Financial Services
If the rate of VAT increases, the rentals will also increase