Hi Mr Morgan and thanks for your email.
I wouldn’t be too worried that Renault Finance have turned you down for van finance as they are fairly strict on whom they lend to. Considering the mess that banks have made of things in the last few years you would think that they would be doing more to help small businesses especially when it comes to a relatively small van finance agreement.
You also have quite a good sized deposit and are prepared to pay the VAT up front so I think that there is a good chance that we can help you arrange the van finance you need.
The reason they turned you down may simply be because your business has not been running that long but at The Car Loan Warehouse we work closely with a range of finance companies that can help with van finance which is also sometimes called asset finance as it will be a business asset. Our Lenders live in the real world and can help new businesses and don’t mind if your last set of accounts is less than perfect.
We will need to ask you a few questions about your business and if it is a limited company we will need you to give a ‘Director’s Guarantee’ as well, which means if your business doesn’t pay the payments then you will.
We can get you pre-approved for van finance so that you can then go to any van dealer or even buy privately if you find a bargain elsewhere. Once you have found a van you wish to purchase simply let us know the details and we will sort the rest.
For more information on van finance CLICK HERE to see our information page or give one of our advisors a call on 0800 066 2888 to ask any further questions you may have.
