Yeah HP you’ll make your monthly payments then at the end of the term you will own the vehicle outright.
Pcp you make monthly payments then at the end you make a final one off balloon payment and own the car or you give it them back or start a new one.
Pch personal contract hire, you have a brand new car and your monthly payments are determined on how long you have the agreement over and your set mileage. The lower mileage you set the cheaper the payments are but then you are restricted to how many miles you do without exceeding it and incurring charges. You will never own or have the option of buying the car though.
All depends on what you want really. They all have their pros & cons. I know pcp & pch you have to give the car back in the condition that you got it and you do have to maintain servicing with genuine parts which can be quite costly seen. Personally I prefer HP as at the end of the term you own the vehicle and you aren’t restricted to having to have any work done at a main dealer.