Personal contract car hire or PCH is becoming ever more popular, not just with businesses, but much more for personal use; people who are looking to seek the benefits of these personal contract car hire schemes. Contract car hire is basically like hiring a car over a fixed period of time. When this period has ended you simply hand back the car without having to worry about any depreciation value and disposal issues. You are then able to start another contract with a newer car, or walk away. Simple. One less thing to worry about however is if there is mechanical failure as maintenance schemes can be built into the contract to cover any bills that may arise. With personal car leasing the individual doesn't own the vehicle but are choosing to lease the car for a fixed period of time, at a fixed cost and a pre-determined mileage. A personal lease is known under the two terms, Personal Contract Purchase (PCP) and Personal Contract Hire (PCH). A PCP is a more flexible form of leasing whereby you can return the car at the end of the contract, extend it or buy the car. A PCH is simpler because once the contract is over you just hand back the car and walk away.