To lease a vehicle through Car Lease 4 U, your business will need to pass a finance provider’s credit and affordability checks as part of the application process.
What Information Do We Need About Your Business?
When completing a business finance application with Car Lease 4 U, you’ll be asked to provide some key information to help the finance provider assess your application.
This typically includes:
- Company details – Business name, address, company registration number and annual turnover.
- Director details – Names, dates of birth and other relevant personal information.
- Business bank details – Bank name, account number and sort code.
The information required may vary depending on the finance provider and your business circumstances.
Additional Information You May Need to Provide
Depending on your business circumstances and the finance provider’s requirements, you may be asked to supply further information to support your application. This may apply if your business has been trading for less than two years or if you have previously been declined for vehicle finance.
Additional requirements may include:
- Business bank statements – Usually covering the last three months.
- Management accounts – To help assess your business’s financial position.
- Director’s guarantee – If required by the finance provider.
How Long Does a Business Finance Credit Check Take?
Once you’ve completed your business finance application, a member of the Car Lease 4 U team will contact you to confirm your vehicle requirements and complete any necessary preliminary checks before submitting your application to the finance provider.
Most finance providers aim to respond within two working days, although during busy periods, it can take up to five working days to receive a decision.
What to do next
If think you are likely to be eligible for finance, you can:
View our latest car lease special offers
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Ready to Find Your Next Business Vehicle?
Found a vehicle you like? Request a quote online and a member of the Car Lease 4 U team will be in touch to discuss your requirements.
Unsure whether your business qualifies for finance? Get in touch with our team to discuss your options and find the right leasing solution for your business.
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