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For New Companies & Start Ups



Vehicle leasing for New Companies & Start Ups.

For any new start business, managing cash flow is a critical foundation on which the company can build. Leasing your vehicles can help ease the strain on finances. Yet, being organised and having a few things to hand and ready for your application can help the process. Firstly, you need to keep in mind that getting approved for either vehicle finance or vehicle leasing as a new start-up can have its difficulties. Yet, with Your Car Choice’s in-depth industry knowledge and our vast range of vehicle funding options we’re confident we can help get your new start company driving forward.

A Mercedes-Benz new company Lease car driving at speed with a distorted background

What do vehicle finance companies class as a New Start Company?

In the eyes of vehicle funders, a new start company is one which has been trading for 2 years or less. This applies to all trading styles, whether you're a sole trader, plc, partnership or limited company.

What things could help the application process?

Each application varies between all our funders. We'll work with you and our extensive range of funders to ensure you can get the vehicles you need. Your Car Choice has a 95% success rate when it comes to helping New Startup Companies.

Vehicle Leasing for New Companies, No Problem!

Being bold and starting new companies shouldn’t hold you back when it comes to vehicle leasing. Your Car Choice can help new companies and Start Ups just like yours find the right lease or finance options to suit you.

Still got reservations? Read some of our frequently asked questions below or read our new company case study to put your mind at ease.


Most of our funders class a “New Start” company by one that has been trading for less than 12 calendar months, and is a registered limited company.

A low or negative net worth will relate to a weaker financial strength and a lower credit rating, thus directly affecting the individual’s or the company’s ability to raise funds from the market.

We manage fleets of all different shapes and sizes. From small fleets of vans for a tradesperson, to a large fleet of 50 cars and vans for large multinational companies. Once we’ve completed our FREE fleet consultation we can then look at how we can maximise the potential of your existing fleet.

You will know if you’re “fully committed” to another finance company as an extra request for vehicles has been denied. We have the widest variety of funders so can offer people who are fully-committed another route to finance.

“Sub-Prime” refers to a particular type of lending. Someone who may be referred to as a “sub-prime borrower” is a person with either one or all of the following permutations; a poor credit score, CCJ’s (County Court Judgements) or someone who has missed payments on other financial agreements such as credit cards, store card or a mortgage etc. Sub-prime borrowers are more of a risk to finance houses, and the cost of borrowing is usually a lot higher for someone classed as “sub-prime”.

Also known as: “Back to Invoice GAP”, “VRI GAP” or “BTI GAP”.

In the event of an insurance write-off, the motor insurance company is only obliged to pay the ‘fair market value’ for the vehicle. RTI GAP Insurance pays the financial shortfall between the insured value and the greater of either the original purchase price of the vehicle or the outstanding settlement value on your finance agreement (subject to conditions).

Return to Invoice GAP is suitable for the following contract types:

Business Contract Purchase
Personal Contract Purchase (PCP)
Lease Purchase

Also known as: ‘Finance GAP’.

In the event of an insurance write-off, the motor insurance company is only obliged to pay the ‘fair market value’ for the vehicle. This may or may not be sufficient to cover the amount required to settle off the Contract Hire Agreement. Contract Hire GAP Insurance covers this potential shortfall (subject to conditions).

Contract Hire GAP is suitable for the following contract types:

Business Contract Hire (BCH)
Personal Contract Hire (PCH)
Finance Lease (FL)

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