FREQUENTLY ASKED QUESTIONS

How do I qualify for a short term business vehicle lease?

If you are a Sole Trader, Partnership, Limited Company or Public Company then there are a few items you will need to send us.

First of all, we ask all companies to complete a Corporate Proposal Form, this can be obtained by either calling our team o 0330 330 9425  or your can download a copy from our website. Filling in a Corporate Proposal Forma will allow for us to go on to Creditsafe, Experian and Companies House and ensure that theses details are correct.

We will send this information to our underwriters, you if they have all the information they need,  will be able to provide us with an idea of how much we can give you as a credit line.

 

For Sole Trader or Partnership applications, we will need to credit check the individuals, we may also ask for proof of trading,  usually mean sending us bank statements and maybe trade references.

 

Limited Companies and Public Companies, may be asked for Company Accounts, Management Accounts, Bank Statements and Trade References. We may also ask for proof of Directors addresses and some sort of proof to show that you can sign for contracts on behalf of the company.

If you would like more information, please don’t hesitate to give our team a call on 0330 330 9425

London Short Term Cars t/a Cocoon Vehicles Ltd are authorised and regulated by the Financial Conduct Authority (711074). We act as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk

 

For complaints information when a transaction is completed online, please access the Online Dispute Resolution platform at http://ec.europa.eu/consumers/odr

 

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