PCH vs Buying Outright Calculator
Should you lease on PCH or buy with cash? This calculator compares the total cost of leasing against buying outright, factoring in your estimated resale value so you can see the true net cost of ownership.
Frequently asked questions
Does PCH include maintenance?
Some PCH contracts offer a maintenance package (for an extra monthly cost) that covers servicing, tyres, and breakdown assistance. When comparing to outright ownership, remember to factor in those running costs if they are not included in your PCH quote.
How do I estimate the resale value?
Check used car valuation tools such as Auto Trader, Parkers, or CAP HPI for vehicles of the same age and mileage you expect at the end of your term. As a rough guide, most cars lose 50-60% of their value over four years.
What are the risks of buying outright?
The main risk is depreciation — if the car loses more value than expected, your net cost rises. You also bear the full cost of repairs and maintenance. PCH transfers depreciation and major mechanical risk to the leasing company.
Can I lease on PCH and then buy the car?
No. PCH (Personal Contract Hire) is a lease with no purchase option. You must return the car at the end of the agreement. If you want the option to buy, consider PCP instead.
These calculations are estimates based on 2026/27 HMRC and DVLA rates. Speak to a lender or qualified financial adviser for a personalised quote.