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Who can lease a vehicle?

Personal Leasing:

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:

Poor Credit History
Lack of funds
Short address or employment history

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.

Business Leasing:

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