Is Your Business Eligible for Finance?
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?
Has your company ever been declined for finance?
Has your company ever been declined for finance?
Would you be willing to provide a Directors Guarantee?
Good News!
You are likely to be eligible for business finance based on the details you provided.
What would you like to do next?
We're sorry, but you are not currently eligible for business finance
Lenders may require more detail on some of the answers you provided before you will be eligible for finance.
Please call us on 0345 811 9595 to discuss your finance options
What we need to know about your business
When filling out our online Business Finance Application Form, you will be asked to provide the following information:
- 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:
- View our latest offers
- Search our huge catalogue of cars and vans
- Browse our wide range of stock cars
Business leasing deals
Nissan Leaf
110kW N-Connecta 40kWh Auto
per month Excl VAT £153.81
Processing Fee: £165.00 Excl VAT
Subject to status and conditions
Nissan Juke
1.0 DiG-T 114 Tekna
per month Excl VAT £165.99
Processing Fee: £165.00 Excl VAT
Subject to status and conditions
Seat Arona
1.0 TSI SE Technology (EZ) *Free Metallic Paint*
per month Excl VAT £126.37
Processing Fee: £165.00 Excl VAT
Subject to status and conditions
Ford Focus Hatchback
1.0 EcoBoost Hybrid mHEV 125 ST-Line X Edition
per month Excl VAT £168.82
Processing Fee: £165.00 Excl VAT
Subject to status and conditions
Once you’ve found the vehicle of your choice, you can fill out an online quote form and one of our representatives will be in touch.
Alternatively, give us a call on 0345 811 9595 and we’ll be happy to help.
If you’re unsure whether you are eligible for business finance, please call us on 0345 811 9595 to discuss your options.
Alternatively, if you’d like to find out more about how lenders decide to give you credit, read this guide from the Citizens Advice Bureau.
Want to know more about business leasing?
Browse our huge selection of business leasing deals and find out more about business leasing.