Contact us for more information
Our team would be happy to hear from you.
Frequently Asked Questions
Below are some answers to a range of questions we often receive from customers.
Hopefully they are useful to you.
New to Business Leasing
What is business leasing?
Business Leasing, which is also known as Contract Hire, allows you to free up time and money from the purchasing, servicing, administration and selling of company vehicles, to better focus on your business. Read more about leasing with NiftiBusiness here.
What is the minimum term for a lease?
The minimum term for our leases is 24 months. Our lease plans are a maximum of 60 months.
Do you have short-term leases?
No, unforutnately at this time we do not offer short term leases. Our minumum lease is 24months.
Are the vehicles brand new or second hand?
All of our lease vehicles are ordered brand new.
Do you have vehicles in stock?
No, we don’t stock the vehicles. We order each vehicle brand new, and customise to the customer’s and driver’s needs.
Eligibility for Leasing
How long do I need to be trading to be eligible for a lease?
For sole traders, you need to be trading 24 months.
For limited companies, you should be trading 6 months. We will require minimum 3-6 months bank statements and management accounts for funding review.
We are a start-up – are we eligible for a lease?
You need to be trading 24 months as a sole trader or 6 months as a limited company to be eligible for a lease contract.
What documents will I need to provide to apply for funding?
You may be asked to provide bank statements & management accounts, you will also need AML (Anti Money Laundering) documents; Proof of Identity & Address and a UBO (Ultimate Beneficial Owner) document stating who the beneficial owner of the company is.
Leasing – General Questions
Is Maintenance included in my contract?
Yes. This includes:
*Full Servicing
*Tyre Replacement
*Annual Road Tax
*CVRT
*Replacement Vehicle during maintenance
* AA 24-hour cover
* Accident Management
*Dedicated Account Manager
*Full Suite of Reports
Do you insure the vehicles?
No, we do not insure the vehicles. Our sales team can make recommendations on insurance providers for company vehicles.
What happens if I terminate my contract early?
If you need to terminate the contract early, you may be liable for all remaining payments.
How much BIK will I be paying?
We will let you know the category of your vehicle, which you can then bring to your HR or Tax consultant who will advise on the BIK. Unfortunately, we cannot estimate BIK for you.
Do you provide additional services e.g. fuel card, toll management?
Yes, we can arrange management of additional services for your fleet, including telematics, fuel cars, toll management.
Contact us to speak with a member of our team and find out more.
What are my payment options?
Direct debit from your account is the only payment option for monthly lease payments.
