If you decide to order a car or van on contract hire leasing, a credit line will need to be established for you or your company, by the vehicle leasing finance partners on the site.

Please be aware that if you have any CCJ’s, IVA's, defaults, winding up petitions against you, or your company, or are in liquidation or administration, you may have an issue in getting a credit line.

Each of the Contract Hire Car and Van Leasing Partners however will have their own underwriting guidelines and you will be asked to provide them various information to obtain your credit approval. It is important therefore that you disclose all information that may be relevant to your credit application as they will run a credit check on you and your company.

Normal payment terms are three months in advance, followed by the subsequent payments as indicated for the contract term and usually by Direct Debit unless agreed on your credit application.

Other payment terms may be available on request so ask the Contract Hire Partner if you have a different requirement. You may want to put a larger initial rental down for example to reduce the ongoing monthly rentals.

You can pre-check your own personal credit status at Experian www.experian.co.uk

This will allow you to find out your own current credit score. The higher you score the easier it will be to get credit approval with the contract hire partners on Comparecontracthire.com.