Back view of VW Touareg and a man walking past it

Personal Contract Hire explained

Pay a fixed monthly rental for a set period of time. Hand the keys back at the end with no depreciation worries. It’s really that simple.

With a Personal Contract Hire (PCH) agreement1 you can enjoy the thrill of driving a new Volkswagen without the long-term commitment of ownership. Fixed monthly payments and maintenance options keep things simple and hassle-free and you won’t need to worry about depreciation or resale value. When your contract ends, simply hand back the keys, (subject to any excess wear and tear or extra mileage charges) and, if you choose to, upgrade to something new and exciting. If you’re a small business owner or manage a fleet of less than 50 cars we also offer Business Contract Hire (BCH).

Remaining time, --:--

Once you have chosen your Volkswagen and decided on your initial rental, you need to make three decisions that will affect the monthly rental payments:

  1. Your rental payment period
    Choose any period between 12 and 48 months
  2. Mileage per year
    Choose how many miles you expect to drive each year
  3. Servicing
    Choose to include a service, maintenance and tyres plan in your agreement

At the end of the contract:

Simply hand the vehicle back, subject to fair wear and tear and excess mileage charges.

Important information to consider:

  • Ownership of the vehicle will always remain with Volkswagen Financial Services and it is really important that  you keep up to date with your monthly repayments. Please contact us if you are having any difficulties as the vehicle may be at risk if you don’t
  • Contract Hire agreements are not designed to be settled early. If you wish to end your agreement early you can request an early termination quote to cover the cost of the remaining rentals
  • If you exceed the agreed mileage set out in your agreement then excess mileage charges will apply. If during your agreement you think you will go over your anticipated mileage then please contact Volkswagen Financial Services to discuss the options available
  • It is important to keep your vehicle in good condition as you may be charged for any damage that goes beyond fair wear and tear

Find it. Drive it: the latest Personal Contract Hire offers from Volkswagen Financial Services

Find it. Drive it: the latest Personal Contract Hire offers from Volkswagen Financial Services

A black Volkswagen ID.5 parked outside a cottage

If you love the idea of driving a brand-new Volkswagen and feel that a Personal Contract Hire agreement might be the right fit for you, click below to explore the offers or benefits further.

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