Personal Contract Hire (PCH)
Lease purchase is a form of long term rental which is perfect for those who know they will be looking to move on to another car once the agreement period is over. Working in a similar way to Personal Contract Purchase (PCP), the main difference is that ownership of the vehicle would not be assumed at the end of the agreement period and instead the car would be handed back without any further obligation.
However another vehicle could then be chosen under the same scheme (subject to credit checks). This enables maximum flexibility with your choice of vehicle and the benefit of driving a brand new car every few years.