Looking for a personal lease on a car? We can help! CVC provides the best car leasing deals, a simple application process, and fast delivery for in-stock cars.
Private individuals can lease their dream car through a variety of leasing options.
Personal Contract Hire is a very popular choice when it comes to car leasing. It's a simple, hassle-free agreement where you basically rent a car for 2 to 5 years and return it once your lease contract ends.
Lease contracts that offer you ownership of a car are Personal Hire Purchase (PHP) and Personal Contract Purchase (PCP). Each contract requires a deposit payment and monthly payments for the duration of the agreement. A major difference between PCP and HP occurs at the end of your contract. With car Hire Purchase you will automatically become the legal owner of the car once you make the final payment as you paid the total value of the car off. The car PCP finance is a little different since you only pay off a portion of the car's value over the life of the agreement. In order to own the car at the end of Personal Contract Purchase, there is a final payment that is commonly referred to as a balloon payment. You can also choose to return the car to the funder with nothing left to pay.
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