Newish company, van lease?
Newish company, van lease?
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Discussion

R1 Indy

Original Poster:

4,510 posts

214 months

Saturday 4th October 2014
quotequote all
I am a newish Ltd company. 11 months trading.

I would like to lease a brand new van, as my 12 year old tranny looks a bit poor now I'm starting to get established.

I have found some great deals on 2 year leases on transit custom, online.

I have applied with one company, but been told it's very unlikely I will be accepted, as there finance company requires two years business experience!

I can comfortably afford the repayments, along with a decent upfront payment. (12 months if I have to)

Does anyone have any experience with getting accepted with a newish company? If so with who?

Would I have more luck going directly with Ford?


I doubt I would get accepted for a personal deal now, as I am only paying myself the bare minimum, to create a nice wedge in the business account. (Plus I would much prefer to claim everything directly from business account).

Any experience here would be great

Cheers

Eric Mc

125,884 posts

296 months

Sunday 5th October 2014
quotequote all
The Capital Allowances on BUYING a van are very good (up to 100%). Can you not consider buying it outright?

The 100% allowance can also be used if the vehicle is bought using an HP or a bank loan.

It is NOT available if the vehicle is leased.

Patch1875

5,063 posts

163 months

Sunday 5th October 2014
quotequote all
I got a Peugeot Expert on contract hire when I started my business although mines is a franchise.

Worth a try though.

Edit - I'm limited so might have had to personally be the guarantor.

rfoster

1,482 posts

285 months

Monday 6th October 2014
quotequote all
Morning, I can help with new start companies on vehicle leasing - our underwriters will probably want to see some business bank statements / management figures and perhaps a larger initial rental, but it's certainly doable. I'll send you a PM.