Contract Hire UK Stock List
Prestige and Rare, Vans, and Green Cars available from Contract Hire UK
Personal Contract Purchase
What is Personal Contract Purchase?
Personal Contract Purchase enables customers to acquire their favourite cars for a stipulated period and a specified mileage; by paying fixed monthly instalments. The monthly instalments are calculated taking into consideration – original cost of car, specified mileage, contract period, projected cost of the car at the end of contract.
Who can benefit from Personal Contract Purchase?
Personal Contract Purchase is particularly useful to those who receive a monthly car allowance; as this allowance can fund the monthly contract purchase instalments.
Prominent Feature of Personal Contract Purchase
Low initial deposit: The initial deposit is equivalent to about 3 months rental and can also be NIL subject to the customer’s credit status.
Economic Monthly instalments: Monthly instalments are calculated after deferring a certain percentage of cost of the car, to be paid at the end of the contract. This is known as final balloon payment. Therefore monthly instalments are more economic.
Assured minimum projected cost: This is anticipated cost of the car; assured by lease company; should customer choose to buy the car; at the end of the contract.
Optional final Balloon Payment: Personal Contract purchase provides for an optional final balloon payment which is equivalent to the assured minimum projected cost of the car at the end of the contract.
Optional maintenance contract: Personal Contract purchase agreements offer optional maintenance packages and value added services to suit customer needs.
Road Fund Licence: Road Fund Licence is included in Personal Contract purchase agreements for full length of the contract.
Optional ownership: Customers can return the car at the end of the contract or purchase it after making the balloon payment or sell the car and keep the profits over and above the assured minimum projected cost.
Car Leasing UK’s qualified staff will help you on all aspects of Personal Contract Purchase agreements. Call us right away, if you require any further details of Personal Contract Purchase or a no obligation quote.
Fore More Info...
In association with some of the UK's leading independent insurance brokers, we are able to offer clients of contracthireuk.co.uk a very individual and cost effective approach to vehicle insurance.
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