A small family car with remarkable passive safety features and rating, the Ceed is one of the best to come out of the Kia stable. Individuals looking to drive a Ceed without making an upfront purchase can consider a PCH (Personal Contract Hire) or a PCP (Personal Contract Purchase).
In a PCH Kia Ceed car lease, the individual agrees to make fixed payments on a monthly basis to the leasing company to use the car for a specific time period and adhere to a set annual mileage. At the end of the lease period, the car is returned to the leasing company.
A PCP Kia Ceed car lease also works much like contract hire, with one exception. Lessees will have to make a balloon payment to buy the vehicle at the end of the lease term in a PCP contract. This balloon payment is determined when the lease is initiated and is dependent on the minimum estimated value of the Ceed at the end of the lease period.
Depending on whether lessees would like to purchase the car or trade it for a new one, they can choose a suitable lease contract. Regardless of the type of lease, there is no doubt that vehicle leasing is a flexible and affordable way to drive a new car.