Leasing a car for business use is different than if you were to lease privately through a personal agreement, mainly because you can reclaim up to 50% of the VAT on the monthly payments. On top of this, you’ll also be able to get 100% tax relief on any maintenance package for your new car.
Just like with personal leasing, a credit check is required in order to prove to the finance company that you can make the payments, but you will also need three months' worth of business bank statements or audited accounts, the address of the HQ and Director details.
If you are a limited company, sole trader, LLP or partnership, you could be eligible for business leasing, so be sure to check this with one of our approved providers.