What’s the difference?
The only difference between the two is the reclamation of the VAT.
BCH and PCH are essentially the same; they both follow an initial payment followed by fixed monthly amounts over a fixed term. You can choose the lease’s duration and the annual mileage allowance with both packages, and maintenance can be added whether it’s business or personal.
During both types of finance, the vehicle must be comprehensively insured. When it comes to the end of the lease, there could be penalty charges if the mileage has been exceeded or there is damage above what would be expected as normal wear and tear.