Business lease, but short trading history

[drmike37]

First new post, exciting!

I am looking to take advantage of the 0%BIK by leasing an electric car through my LTD co. (I Pace if it matters).
Problem I'm having is that because my Ltd hasn't been trading 2 years yet, I'm not getting a lot of joy from the usual places. I'm willing to have a director's guarantee and can prove trading income for 18 months etc to smooth the way.

Can anyone point me in the direction of a finance/lease co that will give me a good deal in these circumstances?

Mike.

[lost in espace]

You are unlikely to get one, I tried. You need accounts projections as a minimum, I tried. You could get an Evesy rental and sublet it to your company, or take the risk that HMRC don't check the paperwork you can register with your company email address. However HMRC recommend going down the 45p per mile route. The other route I looked at was a director loan getting the funds on your mortgage if you have equity.

[Fast Bug]

As long as you (as the director) have a good credit score and will provide a guarantee, I don't see any reason why you won't get funding. You'll need last filled accounts and up to date management accounts though, so make sure they're up to date

[Ursicles]

Tried this last yr, and ended up having to take it in my name on behalf of the company.