PCH Calculator
Work out the total cost of a PCH (Personal Contract Hire) lease. PCH is a pure rental — you never own the car. Enter the monthly rental, initial payment (in months), and contract length to see the full picture.
Frequently asked questions
What is PCH?
PCH (Personal Contract Hire) is a long-term car lease for private individuals. You pay an initial rental (usually 3, 6, or 9 months upfront) followed by fixed monthly rentals. At the end, you return the car. You never own it.
What is included in a PCH deal?
PCH typically includes road tax and sometimes maintenance packages. You still need to arrange your own insurance. The lease sets an annual mileage limit, and you pay excess mileage charges if you go over.
Can I end a PCH deal early?
PCH agreements usually have early termination fees, which can be significant. Unlike PCP and HP, the Consumer Credit Act voluntary termination right does not apply to PCH because it is a rental, not a credit agreement.
Is PCH cheaper than PCP?
PCH often has lower monthly payments than PCP because there is no interest charge or balloon payment. However, you build no equity. If you always want to drive a new car and never want ownership hassle, PCH can be cost-effective.
What happens at the end of a PCH lease?
You return the car to the leasing company. It is inspected against BVRLA fair wear and tear guidelines. You may face charges for excess mileage or damage beyond fair wear and tear. There is no option to buy the car.
These calculations are estimates based on 2026/27 HMRC and DVLA rates. Speak to a lender or qualified financial adviser for a personalised quote.