Open 24 hours a day, 7 days a week. We will not be beaten on price.

0845 543 5973

Call charged at local rate

Contract Hire

Contract hire can remove both the financial and administrative burden from your business and is the favoured option for many Companies. It offers one regular and VAT efficient payment which can cover all motoring costs and risks. These include the road fund License, depreciation, disposal of the vehicle, and the option of a maintenance contract.


What is Contract Hire?

How Does Contract Hire work:

  • Your company hires a vehicle from the finance company via Border Cars for a pre-determined period/annual mileage at a fixed monthly rate.
  • The finance house retains ownership and at the end of the fixed period the vehicle is simply returned to them.
  • The single, fixed monthly rental takes into account the cost of the car, its rate of depreciation, the length of the contract, mileage and any additional services you may wish to build in.

The benefits

  • Low initial payment, typically equal to 3 monthly rentals.
  • Off balance-sheet funding as all ‘risk and reward’ remains with the finance house.
  • Lines of credit can be better utilised for investment in your core business.
  • Can claim Hire Rental Tax Allowances
  • Can reclaim VAT on 50% of their rental amount and 100% of their maintenance cost

Things to be aware of

You may incur costs if you wish to terminate a contract early, or for example if the vehicle is returned in a poor condition. Please see BVRLA guidelines at http://www.bvrla.co.uk/service/fair-wear-and- tear-guides

What is Personal Contract Hire?

Personal Contract Hire

Personal Contract Hire is very similar to Contract Hire but is available for Private Individuals, giving you fixed costs, hassle free motoring and no risk associated with residual value risk which is normally associated with traditional vehicle ownership. Personal Contract Hire is particularly popular for drivers who have opted out of a company car scheme.

VAT is built into the monthly payments as this is not normally reclaimable by private individuals. As with contract hire, maintenance packages are usually also available.


How Does Contract Hire work:

  • You hire a vehicle from the finance company via Border Cars for a pre-determined period/annual mileage at a fixed monthly rate.
  • The finance house retains ownership and at the end of the fixed period the vehicle is simply returned to them.
  • The single, fixed monthly rental takes into account the cost of the car, its rate of depreciation, the length of the contract, mileage and any additional services you may wish to build in.

The benefits

  • Low initial payment, typically equal to 3 monthly rentals.
  • Road fund licence included for the term of the contract
  • Fixed Monthly costs

Things to be aware of


View Our Offers

Click on a thumbnail below to view our up to date offers: