Business Contract Hire and Leasing
Leasing is a form of long-term rental, which is perfect for those who know they will be looking to move onto another car once the agreement period is over.
Leasing with Stockton Kia could be right for you if you’re looking for all of the exhilaration of driving a Kia car, without dealing with any of the hassle of ownership, depreciation and selling your car after your contract has ended.
What are the Two Different Types of Leasing?
Personal Car Leasing is also known as Personal Contract Hire (PCH) which is a long-term rental of a vehicle of your choice. You will need to make an initial payment of 3, 6, or 9 months payments, followed by either 24, 36 or 48 monthly rentals.
Business Car Leasing is also known as Business Contract Hire (BCH) and it is a way that businesses can rent a car, or a fleet of cars, for a fixed period of time. Payment terms for the BHC are usually similar to a PCH, but the difference is that VAT registered business can claim back 50% of the VAT on monthly rentals, and 100% of the VAT on maintenance packages.
Can I Lease a Kia Car on a Business Car Lease?
Yes, we’re able to offer businesses the BCH and allow their employees to drive away in a brand new Kia car. Our sales team specialise in all areas of leasing, finance and Motability, including the Business Car Leasing scheme.
The team are available for all kinds of questions, concerns of general enquiries you may have about leasing a Kia car, or the other kinds of contracts we have available (including PCP Finance).
If you'd like to chat with the team for a no-obligation enquiry, feel free to visit us at our Preston Farm Industrial Estate site, or give us a call on 01642 632299.
Personal Contract Hire VS Personal Contract Purchase - Which?
The biggest difference between PCH and PCP agreements are shown at the end of the contract.
A Personal Contract Hire (PCH) agreement means you won’t ever have the option to purchase the car outright, so you will never be the owner. Your only option at the end of your contractual agreement is to choose whether or not to enter a new contract.
A PCP (Personal Contract Purchase) gives you the option to:
- Buy the car at the end of your agreement
- Part-exchange the vehicle and put it towards a new car
- Enter a new contract
- End the contract