In comparison, if you are applying for vehicle finance as a private individual, you may be eligible for personal leasing. Personal contract hire is similar to a business contract hire agreement with the exception of reclaiming the VAT. All personal contract hire prices include VAT. In some cases, personal leasing may actually be the appropriate option for certain businesses. In this case, personal leasing may be the better option. Whether you are self-employed or not, the type of leasing contract that is most suitable for you will depend on your individual financial circumstances and what you are looking for from your new vehicle.
If yours is a new business and you are unable to do this, you may be able to lease a vehicle on a personal basis instead. To find out more about financial eligibility, take a look at our business finance eligibility or personal finance eligibility pages. You are responsible for arranging your own insurance on the vehicle. This must be a fully comprehensive insurance policy. For business lease agreements, the insurance certificate should be in the company name or a director's name. Please note that for business contract hire and personal contract hire agreements, the finance company is the registered owner and keeper of the vehicle.
As long as you have a full UK driving licence, are able to afford the monthly rentals and have a good to excellent credit score, you can apply to lease a vehicle from the age of There is no upper age limit. Some funders also have additional restrictions in place for customers who work in the Motor Trade.
Please contact one of our Leasing Consultants for further information regarding this. We use performance, social media and advertising cookies to improve your browser experience, integrate with social media and show relevant, personalised advertisements tailored to your interests.see url
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Benefits of Business Car Leasing Business leasing gives your company the advantage of driving the very latest cars, cutting down on fuel and maintenance costs — and all without the up-front costs and depreciation associated with buying a brand new fleet. We also have great prices on vans - head over to our van leasing section to find out more. How it works Pick out the cars your business needs, and how many.
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