Hi, my son, Rhys, is looking to set up a small Painting & Decorating business and would rather not risk buying an older cheaper small van. Is Vanarama for him or would he need to be an established business before you could help him? Thanks. Jon
Our expert Gary answered...
Hi Jon, Thank you for leaving your message. In regards to leasing a vehicle for a new business, this completely depends on which entity Rhys chooses when he starts to trade. If he chose to start up as a sole trader the finance company will simply look at his personal credit history. However, if he starts up as a limited company Rhys 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 he has started trading, please feel free to give us a call.