Leasing is open to anybody who is over 18 years of age, with monthly income and residing permanently in the UK. Having said that, each of our funders have their own set of underwriting criteria which needs to be met to get a credit acceptance. There are some considerations that may affect you these include:
In theory, leasing can be suitable for anybody but everybody has their own requirements and expectations for both the vehicle and the contract.
If you are determined to own the vehicle at the end of the contract then leasing may not be for you as not all finance companies are willing to sell the vehicle to you at the end of the term.
Mileage also plays a part; the minimum contract mileage is 5,000 miles per annum and the maximum is 40,000 miles per annum – so if you are an extremely high mileage user, leasing may not be for you.
If you are unsure about whether leasing would be suitable for you, call us on 01606 545 900 and we promise to give you impartial advice.
Vehicles can be leased to any type of business, from a sole trader right through to a multinational limited company. The same considerations are applied to any company, regardless of size.
Please be aware, the finance house may request to view your accounts, bank statements and other financial information to get a true picture of how your company is performing.
Different finance companies have different criteria which they look at when assessing a company so you should ensure that you are comfortable with the overall strength of your company prior to applying.
If you would like more information on the type of information that may be required please read our section on underwriting or call us on 01606 545 900
Green Cars’ is the term used for zero, low and ultra-low emission vehicles (ULEVs) - with pressure being applied to lower global emission levels, the need for “eco-friendly” vehicles is on the rise. Many countries now have plans in place to abolish the use of combustion engines before the turn of the century and so more and more vehicles we see on the roads will be Electric, hybrid or very low emission petrol and diesels.
Although beneficial to the environment, ‘Green Cars’ are also beneficial from a taxation view. The lower a vehicle’s emissions banding, the lower the taxation placed against it. Many manufacturers have tapped in to this ever-growing market with their own offerings, however, Volvo were the first manufacturer to state that every one of their models will be either electric or hybrid options from 2019.