Buying a new car? PCP or PCH?

Added: 14 February 2020

With so many new car options available today it can be a challenge to find the right car, then there’s the question of how do I pay for it?

Agnew Leasing are here to help with that difficult question. In this article we will discuss the most common personal finance options; Personal Contract Purchase (PCP) and the new rising star; Personal Contract Hire (PCH). PCP and PCH can easily be confused and both offer different advantages and disadvantages.

PCP is a purchase plan, customers have the option to purchase the car at end of the contract. PCH is a hire plan that can offer attractive monthly payments, but you never own the car, you simply hand it back at the end of the contract.

PCP vs PCH Comparison Table

In summary both finance products will appeal to different consumers and each have their advantages and disadvantages. The main takeaway is with either you will more than likely be able to drive a car which could otherwise be out of your price range.  

For further information on what finance product is right for you contact Agnew Leasing on 028 9009 7282.