Lease guides
Leasing Overview
Personal Leasing
Business Leasing
Anyone can lease a car provided they successfully go through the finance application process. As a broker, Rivervale will arrange finance for you to fund your vehicle through one of our preferred finance partners. For your application for finance to succeed you will be required to undergo a credit check.
A credit check will look at: your current credit accounts and repayment history to see whether you have ever been late or missed making payments, whether you have previously had any debt problems such as bankruptcy or County Court Judgements against you, information about any previous finance applications and even details of your current account overdraft.
This information is then used to give you a credit score of; very poor, poor, fair, good or excellent. You can check your credit score for free online. Which? recommend the following companies:
Many specialist companies will offer a personal lease for an individual with a poor credit rating. For the company to offset the risk of leasing out a vehicle to someone with a low credit score, they will usually increase the cost of the contract quite substantially. However, at Rivervale, our leasing partners mainly extend credit to those with a good credit score enabling us to provide the most competitive leasing deals.
If you do have a poor credit rating, we would recommend taking steps to improve your credit score such as making sure bills are paid on time and trying to pay off any existing debt. Advice on how to improve your credit score can be found on the Money Advice Service website which has been set up by the Government and provides free impartial financial advice.
If you wish to go ahead with your application for a personal lease, the finance company you will be using will ask for the following personal details shown below;
On some occasions, the finance company may also ask for proof of address. The documents required here would be utility bills in your name that are dated within 90 days of your credit application. You may also be asked to provide bank statements to support your application.
The decision made by the finance company is based on your current financial situation. Therefore, it is important that you carefully consider your ability to make repayments in the future without causing any financial hardship to yourself. You should think about any changes in your circumstances or economic factors that may affect your income. For example, the end of a work contract, retirement and even increases in mortgage rates. If your circumstances do change over the time period of your agreement, you will still be required to make payments. In many cases, you can end your contract early, but this can often be expensive.
To ensure you are getting the right product for your needs and have considered your ability to make repayments your Account Manager at Rivervale will ask you to complete our Product Suitability and Affordability Questionnaire to ensure your wellbeing.
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Lease guides
Lease guides
Excellent - 4.9 out of 52391 Verified Reviews
Mrs Susan Holliman
Quick and easy transaction very good communication/service Would certainly recommend to all
Added 10 hours ago
Nick Mullin
The whole process was awesome from start to finish. Jim and Megan were great and even got a nice courtesy call to check it arrived ok 👌
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KG
Great communications and updates on progress. Very happy with Rivervale service and will happily recommend them to others.
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Steve Mc
Just leased a new BMW from these guys. Really easy to deal with. Jake especially, but everyone else I dealt with were efficient and friendly...
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Hemlata Parmar
First time I have done a lease. The contact from the sales person was great. We knew our car, the sales person found a great deal. Process after...
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Jon
Jim and the team were knowledgeable, friendly and provided regular updates . It was a pleasure to do business with this company. 100% relia...
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Steve Poore
Leased a second car via Riverale, a Polsar 2, good rates, good service.
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Lara
The team at rivervale are lovely, really helpful and try hard to find you the vehicle you need at the best price. The turn around was fast and...
Added 13 days ago
Alan Jenkins
Great all round service
Added 14 days ago
Becky Morrison
After finding the car lease deal online I was able to speak to Jake from rivervale. Jake was able to find me a really good deal and kept me updated...
Added 14 days ago