How Long Do You Have To Be Self Employed To Lease A Car?

13 December 2017

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Like any business applying for a business loan, you normally need to have been in business for two years (with financial statements for both years) and have a good record of financial performance. Financial statements in the case of self-employed applicants are usually an application form showing their personal assets and also last two year’s tax returns.

It is possible to get an approval with less trading time, however this would normally require a strong personal asset position (home ownership with equity) and detailed business plan and budget with evidence of financial performance meeting budgeted performance.

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