Vauxhall Finance has launched new Personal Contract Hire (PCH) and Business Contract Hire (BCH) packages.
PCH is available on new Vauxhall cars and BCH will be available on Light Commercial Vehicles (LCVs) and new Vauxhall cars, at all Vauxhall Retailers.
Vauxhall Finance recognised that some customers, particularly SME business customers, choose to return or upgrade their vehicle at the end of term. For these customers, Contract Hire means they simply return the car when the contract expires, removing any concerns over depreciation or the admin of resale.
Customers can choose to pay an advanced rental payment to reduce their monthly payments, or to split the total rental cost evenly throughout the contract term, typically between 24 - 48 months, with no deposit required.
Managing Director of Vauxhall Finance, Simon Kington says: “This product launch is a further step for Vauxhall Finance to become a full captive for Vauxhall, which is part of our new Strategic Plan for profitable and sustainable growth. Increasing our product portfolio means we are able to deliver more of the finance products that Vauxhall customer’s want, which will improve the experience at Vauxhall Retailers.”
Contract Hire customers will be given the option to include a Service, Maintenance and Repair package as part of their contract.