- A scheme designed for START Ups, Small Businesses and Medium Sized businesses.
- No External Credit Check. Just our internal criteria.
- Do you have a credible business plan?
- Can you demonstrate ability to meet your payments?
THEN YOU QUALIFY
At EL-GS we have designed a short term lease scheme for Start-Up businesses, Small Businesses and Medium Size businesses. We recognise that as a Start Up business or small business, most finance houses do not want to entertain you YET you desperately need cars to make your business kick start or grow to the next level
Our internal credit criteria ONLY considers your potential rather than your historical past. As a business we recognise your need to have a car that gives the correct image. We recognise you don’t want to waste time in break downs and incur unending repair bills. That’s why our scheme delivers A TAILORED SOLUTION for you.
The concept that you save when you purchase is therefore not really true. As the asset depreciates, costs of maintenance get high and the result is you never win. At EL-GS we advise that a car is an asset TO PAY FOR USAGE OF THE ASSET RATHER THAN OWN THE ASSET. When there is need to own an asset say for export of the car to another country, you simply buy from the used car market which will always be priced at the residual value which the finance leases are based on.
Any miles that may exceed the initial mileage specified in a finance agreement.
Example: contracted to use 36,000 miles over a three-year period and the vehicle is returned with 40,000 miles, the excess mileage is 4,000 miles.
Excess mileage charge:
A charge based on miles driven over the amount contracted in the lease agreement on return of the vehicle. The amount is calculated by taking the excess mileage rate of the vehicle and multiplying it by the number of miles covered above contracted miles agreed.
Excess wear and tear:
When the vehicle is damaged beyond normal expectations in an agreement term of a vehicle, charges are applied. Examples of excess wear and tear can be found in the Vehicle Return Standards section or in the Vehicle Return Standards brochure found in your Welcome Pack.