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| Personal Contract Hire Personal Contract Hire has evolved from the business sector and is aimed at the individual who would like a fixed monthly payment to cover the financing, servicing, maintenance, tyres, road licences etc that will occur over the life of the vehicle. Based on expected mileage per annum, the lease company will set a resale vale of the car in 2 to 4 years time. The final figure will be an OPTION for the individual to pay to keep the car, but should he or she not require it, then they are free to return it to the lease company, who bears the risk of disposal. Benefits to the Individual
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