Van leasing with poor credit history?

[Hedgie]

Looking to lease a Transit / Vivaro sized van but with no or low deposit and that will cater for a past poor credit history?

Any suggestions?:|

 

[JEREMY HAWKE]

Looking to lease a Transit / Vivaro sized van but with no or low deposit and that will cater for a past poor credit history?

Any suggestions?:|

Highly unlikly with a low deposit but with about £1500 down you should get a deal.

 

[Lease4Less]

I agree, with bad credit you will need a large deposit.

The reason for this is that you are seen as a credit risk, which in reality you are. The finance provider will almost expect you to miss payments, so they will want the larger deposit to reduce the risk.

There are a number of companies that offer this (mine isn't one), but don't waste your time unless you have a decent deposit (normally at least 10%)

 

[Hedgie]

If I put £1000 as a deposit would that be sufficient?

 

[Ant84]

Do leasing companies take the company credit history or the director's personal history (in the case of a limited company)?

Not looking to lease, just curious.

 

[crphillips]

A couple of years back we wound up another business we had. Finances were in a right state for a while. Lots of late payments, direct debits returned, cheques bounced. Went to VW, put 2k down and bought a £22,000.00 van! It surprised me how easy they let me have it.

 

[estwig]

Rent one.

Contract hire, 2 year contract, brand new van, 3 months down and your off. Hunt around for a bargain.

 

[JEREMY HAWKE]

Rent one.

Contract hire, 2 year contract, brand new van, 3 months down and your off. Hunt around for a bargain.

Thats the best idea I dont buy anything as you never know what your requirements will be .Renting a vehicle is the best idea. Nobody wants a knackered old thing in four years time that you still owe money on

 

[Lease4Less]

Thats the best idea I dont buy anything as you never know what your requirements will be .Renting a vehicle is the best idea. Nobody wants a knackered old thing in four years time that you still owe money on

For a contract hire agreement there will be a credit check, so if the applicant has a poor credit history then it will not be the best option.

Again some companies offer poor status contract hire but a large deposit would be required.

 

[Lease4Less]

Do leasing companies take the company credit history or the director's personal history (in the case of a limited company)?

Not looking to lease, just curious.

Both.

In some cases, even if the Ltd company is strong, if the directors have adverse information against them it can prevent the company obtaining finance.

 

[Richard Beadle]

My company provide guaranteed approval for bad credit history for van leasing

These are all new vans

As long as I can legally lend to you in the UK, so no live bankruptcy and no live IVA, it is just approval verification check to prevent against fraud

The only stipulation the underwriter will come back with is 6 payments or 12 payments up front

It may be for you, it may not, but if you refer someone to us and we supply them a van, we will pay you £100

Call me on 01952 238060 with any questions

 

[Richard Beadle]

click the link for the verification process

because I'm new to this site it won't let me input a url link so just copy and paste below and put it into search engine

frogrentals.com