Van Leasing is generally a business tool, and hence our leases are set up for business use only. Businesses can be Sole traders, partnerships or limited companies.
To lease a van, the business, or its owners and directors, will be credit searched by the finance company. Businesses and people with good credit are generally accepted automatically. It is important to note that the Financial Conduct Authority require finance to go through an affordability check.
Business with a small amount of adverse may be accepted to lease if explanations can be offered.
Where the credit decision is marginal, we may be asked to provide further information such as bank statements and accounts. Here, additional measures may be requested by the finance company, in the form of a director’s guarantee.
New start business can still be eligible for finance. In most instances the finance company requires a larger deposit (generally 9 months upfront) and a director’s guarantee.
Customers will often have more than one lease as their business expands.
Taxation on van leasing:
Both types of van leasing (contract hire and finance lease) have similar tax status.
You are in control
When leasing a van at Global Vans, we will provide you with as many options as possible, so that you have flexibility when comes to paying for the finance. It’s important that your monthly payments fit your finances, and that you, the customer, find the right deal for you. Our prices for vans start as low as £119 a month. This means you should have plenty of options when it comes to finding a van to fit your budget.
Our leasing finance partners are the ones who say the final “yay” or “nay”. This is out of our hands. But we will try and let you know beforehand if there is a greater chance for you to be accepted for credit. We have explained it more extensively here on our website if you would like a quick read.