Can I lease a car for my new business?

Reliable transport is crucial to getting new businesses up and running. You’ll want to secure this quickly, spending time and money where it matters most. This is where leasing with Synergy comes into play.

Our team can help support your new business growth through car leasing, van leasing, and sourcing vehicles that can meet specific business needs. Synergy has worked with countless start-ups, helping new companies source and fund vehicles for over 15 years. We’ve put together this in-depth guide to leasing as a new business. It will explore whether new enterprises and start-ups should get a business lease and consider what new business owners need to know about leasing.

Are new businesses eligible for a car lease?

New businesses are eligible for leasing, but passing strict financial checks can be more challenging. This could be from a lack of financial history or bank statements, bad credit history, or the specific requirements of a finance application set out by different lenders. If you don’t have a lot of trading history or can’t evidence consistent income, finance companies may deem it too high risk to lend to your business. Despite this, Synergy can still support new businesses considering a lease and advise on the best things you can do to support an application.

What are the car leasing options available to new start-up businesses?

The growth of a new business doesn’t happen overnight and comes with its own obstacles, but leasing doesn’t have to be one of them. There are lots of leasing options available to support these new start-up businesses.

Business leasing – Securing a business lease car removes the hassle of maintenance and ownership, allowing startup businesses to focus on other key areas of their development. Whether you need your first company car, or a fleet of vans for employees to use, you could benefit from business leasing with Synergy.

Electric leasing – Choosing an electric car lease can significantly benefit a start-up. They are often cheaper to run and can future-proof a new business from the outset. Running an electric vehicle can instantly improve brand image too,  as well as demonstrate an eco-conscious approach. Electric vehicles also have the lowest Benefit-in-Kind (BIK) Tax rate, currently set at 2% until 2025. This means company car drivers, who would normally pay tax on this non-cash benefit, are charged less when leasing an all-electric vehicle.

Can my new business lease a fleet of cars?

Fleet leasing is an excellent option if you’re looking to secure multiple fleet cars or vans at once. It allows your new business to add multiple vehicles to its operation. This is open to start-up companies of all sizes, so don’t think you need to run many vehicles as part of your operations to qualify.

What can I do if my business doesn’t qualify for leasing?

If you don’t qualify for business leasing or don’t like the commitment of standard agreements, why not consider our short-term leasing options? This can offer an easy and flexible solution for start-up businesses that might not meet business leasing requirements.

Why should I consider leasing for my new business?

Our team at Synergy has years of experience working with new businesses. They can help guide you through the application process and advise on the requirements set out by funders.

You can then choose from a range of manufacturers, models, and in-stock lease deals. If this is your first time leasing through a business, don’t worry because you’re in safe hands. Synergy offers transparent pricing, free UK mainland delivery, and our Best Price Guarantee.

If you’d like to find out more, get in touch with our team, who will be more than happy to help.