Hi, I'm (self employed) starting up a courier business but have not registered it yet. I want a Renault Trafic van or Ford Transit 2012/2014. I'm looking at contract hire or leasing. Would this be a problem? Or what are the requirements? Regards, Alan
Our expert Gary answered...
Hi Alan, thank you for your question. In regards to leasing a vehicle for your new business this completely depends on which entity you choose when you start trading. If you choose to start up as a sole trader the finance company will simply look at your personal credit history, however if you start up as a limited company you will need to supply at least 3 months' business bank statements for the finance company. As you would expect, the finance company need to know that the company is trading. If you'd like us to take a closer look once you've started trading, please feel free to give us a call. Kind regards, Richard Wells, Senior Account Manager