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

Funder response to Coronavirus

Funder response to Coronavirus We hope everyone is coping as best they can at this difficult time, it's testing for everyone. We’ve pulled together some key information... 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

Our tips on maintenance for your electric car

Our tips on maintenance for your electric car If you are considering the switch to an electric car, or have recently gone over to the ‘green side’ you might have a few questions abo... Read More

Top tips for driving in snow ❄️

Top tips for driving in snow ❄️ Snow has made an appearance across many areas of the UK this week. Did you know that not defrosting your windscreen adequately and leaving sno... Read More

Is 2020 the year you will get your hands on an electric car lease deal?

Is 2020 the year you will get your hands on an electric car lease deal? You may be looking for an electric car personal lease or perhaps you run a business and are interested in switching your petrol fleet to a hybrid o... Read More

Hybrid BMW Review -

Hybrid BMW Review - One of our team currently drives the BMW 225Xe, a plugin hybrid. She’s given us a bit of feedback on how she’s been getting on with it.... Read More

2020 - The Year Of The Electric Car

2020 - The Year Of The Electric Car If all of the reports, rumours and excited whisperings are true, 2020 will go down in history as the year the electric vehicle arrived in style. Wi... 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.