Business Car leasing

All our business car lease deals, If you have any questions about the lease deals we provide, then please get in contact with one of our friendly expert consultants who will be happy to explain everything to you. Please simply email us at enquiries@nationalvehiclesolutions.co.uk or call 0191 356 1001

248 models

There are many benefits to leasing a car through your business, particularly if you know that you wish to move house soon for example.  A personal lease will show on your credit report, whereas a business lease if your business trades as a Limited Company won’t.  However, if your business trades as a partnership or sole trader, then you are taking the finance in your name personally trading as the business name.  With all benefits that you receive through a business, you are liable for benefit in kind taxation.  The amount you pay is determined based on the P11d value of the vehicle, co2 emissions and the tax bracket that you currently fall within.  We’d always recommend that you speak with your accountant before committing to a lease agreement.

The prices we will quote you will exclude VAT, this is because if your business is VAT registered you are able to reclaim 50% of the VAT on the hire element and 100% of the VAT on any maintenance plan, making the effective rental less than the full cost including VAT.

How your business is assessed for finance depends on how your business trades.  If it’s a limited company, many funders require at least 2 years of trading, some funders won’t consider a company that has been trading for less than this period, others may consider a guarantee whilst another may consider the application based on a terminal pause agreement (higher initial rental) so long as the last 3 months business bank statements are strong.  It’s important that you advise us how long your business has been trading when requesting quotations, to ensure that we quote through the appropriate funder whereby you’re more likely to be accepted for finance.

An application for partnerships and sole traders, usually require 3 months business bank statements and will include a personal credit check against you as an individual.

From time to time, a funder may offer a unique campaign to business customers, along with existing customers receiving an enhanced rate for their loyalty to the brand.