Alternative Van Financing Options

3 days ago Evelyn Barker

Your personal credit score will be evaluated whether you are a sole proprietor or a private client. To be approved for a van lease, the majority of funders demand that this be “good” or “excellent.” With your preferred provider, you can check your credit score for free.

However, keep in mind that different providers offer different numerical credit scores (for instance, “Good” on the Experian scale is from 881 to 960, whereas Equifax’s range is 670 to 739). These are determined by the same standards and correspond to the same universal classifications of Very Poor, Poor, Fair, Good, and Excellent, regardless of the value that is utilized.

If you are considering a van lease for business, one of the first questions you will have is: What credit score do I need? Your credit score requirements depend on whether you want to apply as a limited company, sole trader, or individual prospective customer.

While requirements vary between lenders, most prefer applicants with ‘Good’ to ‘Excellent’ credit scores. Swiss Vans serves businesses needing expert vehicle lease guidance while also providing flexible financing solutions to organisations with imperfect credit ratings.

Credit Score Requirements for Van Leasing

Lenders assess creditworthiness differently, but here is a general breakdown:

For Limited Companies

At least two years of profitable accounts filed with Companies House
Strong cash flow to demonstrate repayment capability.

For Sole Traders & Individuals

Good or Excellent credit scores preferred
Some lenders may accept lower scores with conditions (e.g., higher deposits)

If your credit is not perfect, don’t panic—some funders specialise in bad credit van leasing and may still approve you.

How to Verify Your Credit Score and Raise It

Before applying:

Check your score for free (Experian, Equifax, or TransUnion)
Correct errors on your report (late payments, incorrect defaults)
Register to vote (being on the electoral roll boosts credibility)
Reduce outstanding debt to improve affordability checks.

Ways to Secure a Lease with Poor Credit

If your score is low, try these strategies:

Increase your deposit: A larger upfront payment reduces lender risk
Show stable income: Consistent earnings reassure lenders
Consider a guarantor: Someone with good credit can co-sign
Avoid multiple applications: Too many hard searches hurt your score.

What to Expect with Bad Credit

Higher initial payments: Some lenders adjust terms for riskier applicants
Stricter affordability checks: Proof of income may be required
Potentially higher interest rates: But timely payments can rebuild credit.

Why Leasing Can Help Rebuild Credit

A van lease for business is not just about transport—it is an opportunity to improve your financial profile. Making all payments on time demonstrates reliability, which can gradually boost your credit score for future financing needs.

Final Thoughts

The leasing process becomes simpler with a good credit score, yet specialists can help secure leases for individuals who face past credit challenges. The team at Swiss Vans implements custom leasing schemes that help clients achieve vehicle ownership despite previous financial issues.

They provide expert advice and flexible options to get you driving your new car. Ready to explore van leasing? Contact Swiss Vans today for personalised advice and competitive deals!