Personal contract hire (PCH) is the most popular type of car leasing amongst private individuals and people opting out of a company car scheme. Personal contract hire offers affordable motoring for a fixed monthly cost and can make a Mercedes or smart car more affordable than you ever thought possible.
With a personal contract hire agreement you pay a fixed monthly amount for the use of a Mercedes or smart for an agreed period, usually 12, 24, or 36 months - the lease period. At the end of the agreement we simply collect the car and you have nothing more to pay (subject to mileage and vehicle condition).
Personal contract hire means low monthly payment
Monthly payments with personal contract hire are significantly lower than with a normal car loan. The monthly installments are calculated as follows. The guaranteed value of the car at the end of the agreement (based on agreed total mileage) is deducted from the initial purchase price of the car. Finance charges are added to this figure and it is then divided by the number of months that the personal contract hire agreement is taken over. As Mercedes-Benz and smart cars generally hold their value well, the monthly payments can be lower than equivalent models from other manufacturers.
Personal contract hire can therefore make a car that you thought was financially out of reach, very affordable indeed. You just need to remember that you won’t own the car at the end of the agreement. Other funding options are available that give you the option of car ownership.
See Personal Contract Purchase for more information.
Personal contract hire means worry free motoring
Routine servicing and maintenance** costs can be included for a small addition to a personal contract hire monthly rentals. Scheduled servicing and maintenance can be carried out at a Mercedes-Benz or smart main dealer of your choice.
Call our contract hire specialists on 0844 375 3263 to find out if personal contract hire is right for you. We have many funding options available to suit your individual requirements.
Business contract hire is available too. Call 0844 375 3263 for a quote on a Mercedes-Benz or smart car.
Read about business contract hire here.
Browse our best Mercedes-Benz and smart contract hire and car leasing deals here.
Personal contract hire – the benefits
- Small initial outlay
- Low fixed monthly payments
- Predictable motoring costs
- Flexible terms from 24 to 48 months
- Road fund licence provided for the first 12 months of the agreement
- Depreciation risks eliminated
- Optional maintenance package**
- Optional breakdown rescue cover
- Optional replacement vehicle cover in event of mechanical breakdown
- Optional GAP Insurance***
- Simple hand back the Mercedes at the end of the agreement
- Free UK mainland delivery and collection*
For more information on personal contract hire or to find out about other Mercedes-Benz or smart car funding options for private motorists, call 0844 375 3263 now.
Browse our best Mercedes-Benz and smart contract hire and car leasing deals here.
For a personal contract hire quote on any Mercedes-Benz or smart call 0844 375 3263. We can arrange funding for an individual vehicle or whole fleet. Contract hire is also available to business users. Please call for details and a quotation on any Mercedes-Benz or smart model.
Read about business contract hire here.
Browse our best Mercedes-Benz and smart contract hire and car leasing deals here.
* Free delivery is available by driver to a mainland UK address. Delivery is also available by transporter - a quotation is available on request.
**Subject to terms and conditions
***GAP Insurance provides cover for the shortfall between the outstanding finance and the insurance value if your insurance company declares the car a write-off.