Glossary of Terms used about Vehicle Leasing
Profile - The number of payments required in advance, and the number of payments that will follow. (e.g. 3+35 - 3 payments in advance followed by 35 monthly payments).
Miles Per Annum/Annual Mileage - The total number of miles that can be covered each year within the terms of the contract without paying any excess mileage charges. These may be aggregated over the duration of the contract.
Rental - The monthly rental payment. These are normally shown Exclusive of VAT for Business Contract Hire and Inclusive of VAT for Personal Contract Hire. Be sure to check the terms carefully.
PCP - Personal Contract Purchase - cost effective alternative to traditional Hire Purchase with the option to purchase.
PCH - Personal Contract Hire - simply run the vehicle and hand it back at the end of the contract.
Please Note: For Vehicle Lease Contracts shown on this website, unless otherwise stated, Business Contract Hire monthly rentals exclude VAT and maintenance, include Road Fund Licence and assume an initial payment equivalent to 3 monthly rentals. Personal Contract Hire monthly rentals include VAT and Road Fund Licence but exclude maintenance and assume an initial payment equivalent to 3 monthly rentals. Where they are given on this website, fuel consumption figures (MPG) are the combined average of urban and extra-urban driving as provided by the manufacturer. Variations to the Lease Type, Lease Term, Annual Mileage and therefore Monthly Payment are all available on request. All figures and details may change without notice. Vehicles are subject to availability at time of order. Images are for illustrative purposes only. Click Here for a Glossary of Car Leasing Terms.
Prefer to buy your car? HP Terms available at:
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