I have started a limited company in the last couple of months,could I get a contract hire vehicle?
Our expert Gary answered...
Hi Jason, thanks for your question. As you are a newly established limited company you may know there is very little trading history recorded with credit agencies, and the minimum criteria for our finance companies would be to supply the most recent 3 months of business bank statements. This is mainly to confirm the business is trading. Occasionally, as a newly established limited company, some of our funders would require the director(s) to guarantee the lease. If you have previously traded as sole trader, then changed trading entity, the finance companies would ask you to provide previous trading history. This may include balance sheets, profit and loss, and bank statements. They would likely also ask for a letter confirming you have changed trading entity from your accountant. Please feel free to contact us for more information.