Startup Business Car Leasing

Lease Not Buy Vehicles for New Businesses. Are you a start-up or new business looking for a cost-effective solution to your company car needs? Lease Not Buy offers new companies and start-ups with no trading or credit history affordable, hassle-free commercial car leasing options.

We understand the challenge new businesses may face in getting financing approval for your commercial vehicle and other company assets. We can help you drive off to a great start by finding the right lease with the best cost-saving financing option for your business needs.

Lease Vehicles for your New Business

Lease Not Buy can provide a customised car or van leasing package for your new business. Car leasing for new businesses has many benefits. You can pay lower initial payments than when buying a vehicle, which helps to ease your company's cash flow. Other pluses are maintenance options to keep your vehicles in tiptop condition, and best of all you remove the problem of depreciating assets.

Lease Not Buy will customise a car leasing package that’s best suited to your start-up. Our range of commercial vehicle leasing finance options includes contract hire, finance lease, and short term leasing, to help you get the right car or van at the right price. Talk to us, explore your car leasing options with our team. Or Get a Quote now

24 Hour Vehicle Lease Financing Approval

Lease Not Buy  will recommend the right low-risk leasing finance option for your business needs, so you don’t have to put people or work on hold.

Finance Lease

Finance leasing is a great way to lease productive economic assets like vans and commercial vehicles if you want to buy at the end of the contract or plan to build a fleet but don’t have the accessible funds to pay upfront.

  • Minimal or no deposit and no mileage restrictions.
  • The asset goes onto the company balance sheet even though the vehicle is legally owned by the lender.
  • There is a deferred balloon payment at the end of the lease, but you can decide to either keep using the vehicle via a new agreement, sell it on behalf of the lender or pay the balloon and return it.

Operating Lease or Contract Hire

The lowest risk option for a new business is to simply lease cars or vans.

  • Ownership belongs to the lessor. You return the car at the end of the lease without any further obligation.
  • No depreciation concerns and no balloon payment. Only fixed monthly payments after the initial deposit (options available).
  • You will have to stay within agreed mileage terms or pay excess, so consider the use of each vehicle carefully before deciding between a finance lease or contract hire.

Leasing for a Small Business?

Being a sole trader or small business can also make leasing cars and vans more difficult. Lease Not Buy is here to help the self-employed and owners of small businesses to lease vehicles through our wide network of lenders.

What if my business has poor credit?

If your company directors have bad personal credit, or if your business credit score is bad, we can still help you to get the vehicles you need to maintain and grow your business. The monthly payments may be more, but if you are able to manage them, then your credit score can eventually improve. Have a look at our extensive FAQ to find out more about how we help businesses in all different situations to lease the vehicles they need.

Short Term Leasing

Short-term leases make sense when your start-up needs a vehicle for varying periods due to seasonal demands. Lease Not Buy can provide you with flexible commercial vehicle leasing deals for 3, 6, 12 or 18 months.

Frequently Asked Questions

Yes. Even if your company is a brand new startup with no credit history we can still help you lease cars and vans.

Most lenders define new businesses and start-ups as companies that have been operating for less than 2 – 3 years.

• Self-employed Sole Traders
• Limited Companies, Private Limited Companies (PLC’s) and Limited Liability Partnerships
• A Partnership with 2 or more partners
• VAT-Registered companies
• Local Authorities, embassies, charities

If you have no credit history, it means that you don’t have an established record of borrowing money and repaying it, which can be common for a start-up or a new business. This record forms part of your business credit score, which as an FCA regulated company we are required to check. Lease Not Buy offers financing plans that make it possible for your new business with no credit history to lease the cars or vans you need.

One of the things new businesses will need to help the process is to have the right documents ready for the finance house. These could include:

3 months’ business bank statements
Management accounts – balance sheet, cash flow and income statements
A director’s guarantee (Limited Companies only)
A business plan
Lease Not Buy experts will be happy to advise you and expedite the application process.

You can lease any car or van you want as long as you can meet the monthly payments required. Different vehicles may also require different credit ratings. It’s best to explore your options with Lease Not Buy specialists to find the vehicle best suited to your business budget and needs.

Yes, it's a requirement for us as a FCA regulated company. When you apply for a business car or van lease, Lease Not Buy will ask for your credit history from one of the certified credit reference agencies (CRAs) in the UK, as part of the vehicle lease requirements. Or you may contact a CRA yourself and submit the report to us.

No company can guarantee acceptance of your lease application, especially if your credit score is poor. Our acceptance rate is high and it is more than likely that we can help you. What we can guarantee is that our specialists will work hard with you to ensure the right documents like credit reports, etc., are submitted. We can also highlight your business growth projections in support of your applications and recommend finance options that work for both the lenders and your company.

Get a Vehicle Leasing Quote for Your New Business

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