Arblease how it works

[mitchel]

Hello,

 

Just wondered how it all works as ive never had finance while self employed i have the deposit ready just wondered what they will want from me im self employed and rent a house, i have an arb chipper and ranger as assets thats it just wondered how easy it was to get. Any advice would be great thanks 

Thanks

Mitch

[forestboy1978]

They'll check your business credit rating and run a search for any unpaid debts. If you've got none and you're solvent, on the electoral roll, you'll get it. The deposit and the machine itself are collateral. 

[LeeGray]

Couple of years accounts showing affordability too I’d imagine

[Rough Hewn]

I've noticed they only show a monthly price.
Not what you'll be paying or how long.
Tempting though,
[emoji3][emoji106][emoji106][emoji106]

[forestboy1978]

  On 17/02/2019 at 22:25, LeeGray said:

Couple of years accounts showing affordability too I’d imagine

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I've never once had to show ANY accounts for a piece of finance. 

Edited February 18, 2019 by forestboy1978

[gobbypunk]

Hi guys the arblease guys are totaly helpfull I have been talking to them about a woodland mill , Iave no credit rating as I have never had a bank loan , mortgage store card or any credit at all and they seemed to think that wouldn’t be a problem , it will cost a bit in interest though £800  on 3 grand but if you ain’t got 3grand then hey .

Good luck Cheers Mark 

[Matthew Storrs]

First time I used Finance they wanted to see my business bank account statements going back 6 months. Since then because I’ve stuck with the same company each time they don’t want to see any further documents- I’ve never missed a payment or anything so guess they know the score.

[Matthew Storrs]

  On 18/02/2019 at 10:03, gobbypunk said:

Hi guys the arblease guys are totaly helpfull I have been talking to them about a woodland mill , Iave no credit rating as I have never had a bank loan , mortgage store card or any credit at all and they seemed to think that wouldn’t be a problem , it will cost a bit in interest though £800  on 3 grand but if you ain’t got 3grand then hey .

Good luck Cheers Mark 

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Got to say that seems dear to me. Over what period?

[gobbypunk]

Hi that was over 5 yrs I think 

[Matthew Storrs]

Ah right,  probably not far off then. I paid 800 for just over £5k borrowed over 24 months. The longer the period the worse it is.