There are of course plenty of other accessories that you might choose to fit your car out with but we think these five are the essentials you'll definitely want to invest in.
The Leasing Process:
Once you’ve decided that leasing is right for you then you'll need to choose your car and the lease terms; contract length, mileage allowance and whether to include a maintenance package.
After you have decided on this the next step is the application for finance. We will need you to complete an application form, sometimes called a proposal form.
On the form we will ask for:
- Your full name
- Your date of birth
- Your contact telephone numbers and email address
- The number of dependents you have
- Your marital status
- Your nationality
- Five years of address history, including your residential status at each property
- Your employment details including the business name, address and how long you’ve been with the company
- Your bank account details (please note these will be sent to the funder for the direct debit details of your lease), including sort code, account number and time with the bank
- Your income and expenditure
Once we have this information, we will then send it onto the funder for approval and there will be a credit check as part of this approval process.
Most funders ask for a good to excellent credit score in order to approve your finance application.
For young drivers this can be an issue if they have little to no credit history as funders prefer lending to established borrowers as they can asses the risk based on their repayment history.
Please note that approval is not solely based on your credit score, other factors are also considered.
You can improve your credit in a few ways before applying for a lease. These include:
- Managing a bank account
- Setting up direct debits
- Paying your bills on time
- Registering on the electoral roll
Some funders may let you take out a lease with a guarantor if you do not have enough credit history. Please note that if you do decide to take out a lease with a guarantor they will also need to have a credit check completed as part of the approval process and they will be responsible for payments should you be unable to pay them.
The finance company may ask for some additional information, either at this stage or when they issue your finance contracts. They usually ask for a copy of your driving licence and proof of address, either a bank statement or utility bill dated within the last 90 days, If any additional information is required we will let you know.
Once the application has been approved we will let you know and send you an order pack to confirm you would like to place the order with us at Car Lease Special Offers.
After you have signed this our Customer Services Team will help you with your finance documents and arranging delivery of your new vehicle. They will be there to answer any questions you may have along the ways as well.
Other Things to Consider: