Is there any financial help for those struggling with leasing payments?

What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks

Is there any financial help for those struggling with leasing payments?

Is there any help presently for those struggling to pay for vehicles on PCH? Anything like a payment holiday. Thanks in advance.

Asked on 29 April 2020 by MICHAEL HOLDEN

Answered by Georgia Petrie

The FCA's payment freeze applies to PCH (Personal Contract Hire) agreements. If you are experiencing temporary financial difficulties due to the coronavirus outbreak then you should contact the PCH provider. They will explain your options and what long-term implications a payment break will have have on your financial agreement.

For more details, see: www.honestjohn.co.uk/news/coronavirus/2020-04/coro...e

Tags: pcp car on finance pch coronavirus fca

Similar questions

Why is PCH cheaper than PCP?

Why are contract hire prices so much lower than PCPs? You don't own the car at the end but there is very little equity in it if you do.

What happens to a PCP or PCH agreement if the car owner dies?

What normally happens in the event of the incapacity or death of someone who has taken out a PCP or PCH agreement? Can it be transferred to a spouse? Also, is a deceased person's estate liable for any...

What's the difference between PCH and PCP?

What's the difference between a PCP and a PCH finance contract?