Everything you need to know about Personal Contract Hire finance


Personal Contract Hire is a fixed cost rental agreement.

You first choose your new Suzuki car, pay an initial rental in advance, followed by fixed monthly rentals to suit your budget. You can even choose an optional maintenance package as part of your agreement which can help take away the hassle of keeping your vehicle in good condition.

It’s different from Personal Contract Purchase (PCP) because there is no option to purchase the car at the end of the agreement and the vehicle must be returned.


Personal Contract Hire works by choosing from an initial rental payment in advance of 1-12 months, you then set the contract term between 2-5 years.

You then decide your annual mileage limit – the minimum is 5,000 and the maximum varies by vehicle. If your circumstances change during your agreement you may be able to amend your contracted mileage. You can also then decide whether to add an optional maintenance package at an additional cost.

At the end of the contract you must return the car and you’ll have nothing more to pay if the vehicle condition is in line with BVRLA guidelines and hasn’t exceeded the maximum agreed annual mileage.

If the vehicle doesn’t meet the mileage and condition terms, then excess charges will apply.


Choosing the right finance agreement that’s suitable for you can be quite difficult to understand, so we’re here to make it easy for you.

The benefits of personal contract hire include:

  • Hassle free motoring - road tax is included and no disposal worries
  • Flexible initial rentals – choose between 1-12 months advanced payment which will help you set monthly rentals to suit your budget.
  • The higher initial rental in advance you pay the lower the remaining monthly rentals will be
  • Fixed monthly payments to suit your budget
  • You can terminate the contract early by paying 50% of the remaining rental cost and any other charges incurred
  • Optional vehicle maintenance packages to make sure your car stays in good condition


Before you decide whether a Personal Contract Hire agreement is right for you, it’s worth remembering that:

  • There is no ownership option at the end of the agreement
  • Excess mileage charges may be incurred if you exceed the agreed mileage and return the vehicle to us.
  • The condition of the vehicle upon return must also be in line with BVRLA guidelines to avoid incurring charges.


 Hire PurchasePersonal Contract Purchase (PCP)Personal Contract Hire
Deposit RequiredYes. Flexible. 0% may be available. Yes. Flexible. 0% may be available. Yes. 1 - 12 months initial rental.

Length of Agreement

From 1 -5 yearsFrom 2 - 4 yearsFrom 2 - 5 years
Fixed PaymentsYesYesYes
Final lump sum repayment at agreement endN/AYesN/A
Maximum permitted age of car at agreement endTypically 14 yearsTypically 7 yearsTypically 5 years
Ownership at agreement end YesYes. If you pay the final lump sum payment.No ownership option available. You must arrange to return the vehicle.
Goods return optionN/AYes. Return conditions apply. No ownership option available. You must arrange to return the vehicle.
Excess mileage charges N/AYes. If exercise goods return option and exceed mileage allowance. Yes. If contracted mileage allowance exceeded.

Part exchange

NB. Subject to settling outstanding finance. New agreements subject to status.

Yes YesN/A

Voluntary termination rights

NB. Regulated agreements only

Yes  Yes  N/A

Fully comprehensive insurance required

Yes   Yes Yes  

Ability to amend monthly payment due date

NB. Subject to loss of interest charge.

Yes. Once every 12 months. Yes. Once over the lifetime of the agreement.Yes. Subject to conditions.

*Hire Purchase, PCP and Personal Contract Hire are subject to status and only available to UK residents aged 18 and over. Credit products are provided by Suzuki Finance, a trading style of Suzuki Financial Services Ltd, St William House, Tresillian Terrace, Cardiff CF10 5BH. Personal Contract Hire is provided by Lex Autolease Limited trading as Suzuki Contract Hire, Heathside Park, Heathside Park Road, Stockport SK3 0RB.

**Under our PCP product, you have the option at the end of the agreement to return the vehicle and not pay the deferred optional Final Payment. Providing the vehicle is in good condition and has not exceeded the maximum agreed mileage you will have nothing further to pay. If the vehicle has exceeded the maximum agreed mileage a charge for excess mileage will apply. Further information on what is considered good condition can be found here.