What is the difference between a hybrid and a plug-in hybrid vehicle?

What is the difference between a hybrid and a plug-in hybrid vehicle? With the growth in enquiries and demand for alternative fuelled cars, a common question we get is, what is the difference between hybrid and plug-i... Read More

Why leasing our electric cars is a win-win-win

Why leasing our electric cars is a win-win-win Leasing an electric car from littlegreencarleasing.com is a great way to take your first step into the world of electric vehicles. In fact, we doub... Read More

Lease the Audi E-TRON GT - read our review round-up

Lease the Audi E-TRON GT - read our review round-up The Audi E-TRON GT is the flagship all electric car for the German manufacturer and it is quite simply luxury personified - Auto Express report tha... Read More

The Citroen E-C4 - Car Leasing Review

The Citroen E-C4 - Car Leasing Review The Citroen E-C4 is an affordable all electric coupe SUV. It's official all electric range is reported as 217 miles but real-wor... Read More

Lockdown 2.0 – our reassurance to you

Lockdown 2.0 – our reassurance to you As we head towards Lockdown 2.0 we know there will be many anxieties and concerns but we wanted to reassure all of our customers that we remain&nbs... Read More

What are the benefits to businesses when it comes to leasing electric cars?

What are the benefits to businesses when it comes to leasing electric cars? If you run a business you might have a car scheme for your employees and therefore, you will have many considerations when it comes to choosin... Read More

Car Leasing Review - the Ford Kuga

Car Leasing Review - the Ford Kuga The Ford Kuga has been getting our customers excited! It’s the most enquired about and ordered car by a mile. Our alternative fuel expert, Sc... Read More

What documents do I need to provide when applying to lease a vehicle? 

What documents do I need to provide when applying to lease a vehicle?  One of the most common reasons that we can’t proceed with an application to lease a vehicle is our customers not having the correct pape... Read More

How to care for your car during Lockdown

How to care for your car during Lockdown The changes to the way we live our lives, brought about by the Covid-19 crisis, have been plentiful and our motoring habits have changed enormously... Read More

Should you leave your EV charging during lockdown whilst you're not using it?

Should you leave your EV charging during lockdown whilst you With the UK in the midst of a lockdown due to Covid-19, everyone but essential workers are at home with perhaps just a weekly trip to the supermark... Read More

What documents do I need to provide when applying to lease a vehicle? 

Share

30/06/2020

What documents do I need to provide when applying to lease a vehicle? 

One of the most common reasons that we can’t proceed with an application to lease a vehicle is our customers not having the correct paperwork to hand. 

We will send a proposal form to you for completion and here are our top tips on what documents you need when applying to lease a vehicle.

  • How are you trading? If you are a sole trader you will need your most recent tax return or a record of your profit and loss. If you are a Limited Company you may need to have your accounts available.
  • If you are a Limited Company and have been trading for less than three months and were previously a sole trader, you can provide your latest tax return.
  • If you are a newly established Limited Company or a sole trader, but you have been trading for three months or more, you will be expected to pay a larger initial payment and you will need to provide at least three months of business bank statements.
  • If you haven’t been in business for more than three months you will need to sit tight and wait for this period of time to be able to lease a vehicle through your businesses.
  • It is worth pointing out here that you can lease a van, car or minibus as an individual - you don’t have to have a business -  therefore if you really cannot wait you can apply for your lease on a personal basis.

We hope this information has been useful. As always our expert team are on hand to give you individual advice should you need it -  just contact us via sales@ovl.co.uk and we will call you back at a time convenient to you.