Personal Contract Hire (PCH) has become one of the most popular ways to finance a car purchase in the UK. It allows you to lease a car for a period of time without the worry of owning it outright at the end of the contract. Used cars are also becoming increasingly popular in the PCH market, as people are looking for a cheaper way to get behind the wheel of their dream car.

If you’re in the market for a used car on PCH in the UK, you’ll be happy to know that there are plenty of options available to you. However, it’s important to understand the ins and outs of this type of finance before diving in headfirst.

Firstly, it’s important to know that the monthly payments on a PCH agreement are typically lower than those on a PCP (Personal Contract Purchase) agreement. This is because PCH agreements are based on the depreciation of the car during the lease period, whereas PCP agreements are based on the full value of the car.

When it comes to used cars, the monthly payments on a PCH agreement can be even lower than those on a new car PCH agreement, as the car has already experienced a significant amount of depreciation.

To find the best PCH deals on used cars, it’s always a good idea to do your research beforehand. This means checking out reputable dealerships and comparing prices to make sure you’re getting a good deal.

Another thing to keep in mind is the mileage allowance on your PCH contract. This is the number of miles you’re allowed to drive the car during the lease period without incurring heavy penalties. Make sure you choose a mileage allowance that suits your needs, as exceeding the limit can be quite costly.

When it comes to returning the car at the end of the lease period, you’ll need to make sure it’s in good condition to avoid any additional fees. This means keeping up with regular maintenance and repairs, as well as avoiding any damage to the car.

In conclusion, Personal Contract Hire is a great way to get behind the wheel of your dream car without the worry of owning it outright. Used cars can be an even cheaper option, but it’s important to do your research and choose a reputable dealership. Keeping up with maintenance and repairs will ensure you don’t incur any additional fees at the end of the lease period.