1. PERSONAL
CONTRACT HIRE
HOW IT WORKS
Personal Contract Hire is a fixed cost lease agreement which is available for a period of 1 - 3 years exclusively for new Defender vehicles only.
This product includes a maintained lease services package which can help keep the vehicle in good condition. Maintenance services are performed by a licensed JLR dealership and must adhere to the prescribed service schedule.
When your agreement comes to an end you must return the vehicle to us, there is no ownership option.
Decide your annual mileage limit which must be a minimum of 15,000 km. The maximum limit is 30,000 km. If your circumstances change during your agreement, you may be able to amend your contracted mileage. If you exceed the agreed mileage, then an excess kilometre charge will apply.
BENEFITS
- Predictable costs: Fixed monthly payments make budgeting easier, with maintained lease services further consolidating running costs.
- No residual value risk: You avoid the risk of depreciation and the potential hassle of selling the vehicle at the end of the contract. Simply return the car to your local Land Rover retailer.
- Latest models: Personal Contract Hire allows you to drive the newest Defender with the latest technology and features.
- Flexibility: You can choose the contract length (12-36 months) and mileage to suit your needs.
IMPORTANT CONSIDERATIONS
- No ownership: You will not retain ownership of the vehicle at the end of the agreement, and the contract cannot be extended.
- Excess mileage charges: Please be aware that exceeding the agreed mileage limit will terminate the maintained lease services and will incur additional charges.
- Maintained lease services: The following lease services are included:
- Initial on road costs;
- Annual relicensing;
- Land Rover’s standard warranty, assistance and service plan;
- Warrant of Fitness inspection cost (if applicable); and
- Full set of replacement tyres after every 30,000km.
- We do not cover any: (1) mechanical, maintenance or servicing costs that are not covered by Land Rover’s standard warranty, assistance and service plan; or (2) other loss or damage to, or cost relating to, the Vehicle that is not specified above.
- Early termination: Early termination of the contract will incur applicable termination fees*
- Fair Wear and Tear: The vehicle must be returned in accordance with the 'Fair Wear and Tear' guidelines; charges may apply for any damage exceeding these standards.
- Comprehensive insurance: You are required to arrange comprehensive insurance prior to the delivery of your vehicle.
WHAT HAPPENS AT THE END OF PERSONAL CONTRACT HIRE TERM?
At the end of your agreement you must return the vehicle to us as there is no ownership option. If you have not exceeded your contracted mileage, have kept your vehicle in good condition in line with the Fair Wear and Tear guidelines and complied with the terms of your lease agreement, you will have nothing further to pay.
*You can terminate the agreement early providing you return the vehicle in good condition, in accordance with the Fair Wear and Tear guidelines, and pay the Early Termination Amount (equal to up to 3 months’ payment amounts) plus any other charges or fees as per the lease agreement.
Lending criteria, fees and charges apply.