Personal Leasing Explained

Last Updated: 21st Oct 2016
Personal Leasing Explained

10th February 2016

Have your heart set on the perfect car, but don't have the cash to buy outright or afford a deposit? That's whypersonal car leasing has become the fastest growing way to make your car dreams a reality, as it allows you to drive away in the car that suits you and your family, without taking a huge chunk out of your bank balance.Cheap car leasing is available at Hippo; in which we aim to get you the best possible deal no matter your credit rating or deposit amount.

PCP (Personal Contract Purchase)

You’re able to get a new or almost new car for a certain time period (12 months - 4 years) which costs you an affordable fixed amount each month, as well including a maintenance and breakdown contract. Towards the end of the deal, you get an option which allows you to own the car after the final payment. The best thing about PCP is definitely the flexibility of the deposits and the low or zero initial outlay.

Hire Purchase

This option makes it easier for you to make fixed payments each month, and in the end, allows you to own the car. A few other benefits when it comes to having a hire purchase, is that there’s a low initial outlay, interest is reclaimable against tax, and there is an alternative funding line to the bank overdrafts.

PCH (Personal Contract Hire)

PCH is the leasing option which most defines the term ‘leasing’. PCH allows you to drive the car of your choice, without actually being the owner. The top perk is being able to return the car hassle free, and is perfect for if you’re after something a little flashier than the standard everyday car.

Lease Purchase

Choosing to have a lease purchase helps the companies/private individuals eventually be able to own their car. When all payments have been paid (including the purchase payment),the vehicle then becomes theirs. A Balloon Payment may need to be paid at the end, which equates to the anticipated market value of the vehicle at the end of the agreed leasing period.

Cars available on Personal Lease

Peugeot 208 Diesel Hatchback HGi Allure 5dr

The perfect everyday car is available from £127.16 per month for 10,000 miles, which is handy for those in need of a family car, for an affordable price. Featured is 5 doors, 5 seats with an engine size of 1.4 litres.

Renault Clio Hatchback 16V Expression+ 5dr

If you fancy something a little larger with a sporty look, the Renault Clio would be the ideal car for you to drive away in. Available from only £154.76 per month, the Clio features 5 seats and doors with a 1.1 litre engine.

Kia Sportage Diesel Estate CRDi ISG 1dr

Need something just a little more powerful and a little faster? This amazing 4x4 is the ideal vehicle if you’re after a larger model and a smoother drive, with plenty of space and a modern interior. If you’re willing to pay a little extra, the Kia Sportage is available from £243.56 per month.

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