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HP Car Finance – Ultimate Guide

Car Examer

Early Termination Fees If you decide to pay off your HP agreement early, you may face additional fees. It’s important to check the terms and conditions of your agreement. Balloon Payment : At the end of a PCP agreement, you have the option to make a balloon payment to own the car or return it.

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Personal Contract Hire (PCH) – Ultimate Guide

Car Examer

Book inspection Personal Contract Hire (PCH) is a type of long-term vehicle leasing where you essentially rent a car for a fixed period and mileage limit, usually between 2 to 4 years. Set Terms : Agree on the contract length, annual mileage limit, and any additional services like maintenance and servicing.