In order to lease a vehicle through Nationwide Vehicle Contracts, your business will need to undergo a credit check as part of the finance application process.
Take our brief interactive questionnaire below to find out if your business is likely to be accepted for finance.
What type of company are you?
How many years have you been trading for?
How many years have you been trading for?
Businesses trading for under two years may find it difficult to obtain vehicle finance. This is because it is difficult for the finance provider to objectively gain insight into the business and the potential lending risks involved. New businesses may be required to submit 3 months business bank statements, management accounts (if available) and a director's guarantee (ltd companies only) to support your finance application. In some cases, a larger initial rental may also be required.
Would you consider a personal finance application?
Company details – including name, address, company reg. number and annual turnover
Director details – including name, date of birth and marital status
Business bank details – including bank name, account number and sort code
Additional information that might be required
As part of your application, you may be asked to provide additional information in certain circumstances – for example, if your business is less than two years old, or you’ve previously been denied vehicle finance.
We might ask you for:
3 months’ business bank statements
Management accounts
A director’s guarantee
How long does the credit check take?
Once you have completed the Business Finance Application Form, a sales representative will be in touch by phone to confirm your order and run through the necessary pre-credit checks before submitting you for finance.
Most funders respond to a credit application within 2 working days however during busy periods, it can take up to 5 working days to receive a response from the funder.
What to do next
If you’ve taken our quiz and are likely to be eligible for finance, you can:
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