Mazda Personal Contract Hire

Special Offers - Contract Hire & Leasing

What is personal contract hire?

Personal contract hire is essentially the same as regular contract hire, but it applies exclusively to private individuals. It is the most common form of car leasing and usually when the term ‘car leasing’ is referred to, most people are talking about personal contract hire.

With a personal contract hire agreement you take control of a car for a contractual period – usually referred to as the ‘lease period’. Though the car is in your possession, it is not actually yours to own. Instead, you make fixed monthly payments to a leasing company for the duration of the contract – and when the contract expires you simply return the car to the leasing company or take out a new personal contract hire lease. As a result you never have to worry about resale values of the car – because you can simply return it and walk away.

It’s important to understand how your payments are determined.

The personal contract hire company will work out the ‘residual value’ of the vehicle – that is its value at the end of the contractual period once depreciation is taken into account. To estimate this value, the company will ask you to stick to a strict mileage limit while you drive the car – exceeding this limit could see you penalised at the end of the term.

To determine your payments, the company will deduct the estimated future value (residual value) from the retail price of the car – and you pay the difference in monthly instalments.

Vehicle	Monthly Rental	CO2 Emissions	%BIK Charge	Combined MPG
Mazda2 1.3 TS 3 door	£193.19	119g/km	10	55.4
Mazda3 1.6d TS 5 door	£283.19	119g/km	13	62.8
Mazda5 1.6d TS2 5 door	£313.19	138g/km	19	54.3
Mazda6 2.2d Business Line 5 door Hatchback	£355.19	133g/km	20	54.3
Mazda6 2.2d 163 TS 5 door Estate	£329.99	141g/km	20	53.3
Mazda MX-5 1.8i SE 2 door Convertible	£254.39	167g/km	22	39.8

For more information on this or other personal contract hire rates available on the Mazda range please contact Russell Turner or Roger Eyeington at the Mazda Business Centre on 0844 371 0261 or click here to view our latest Business Contract Hire rates.