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Personal and business car leasing are both very similar, but there are a few differences. The name on the contract is different and will be your company’s name on the paperwork for business, while it will simply be your own name on a personal lease agreement.

This also means the documents required will be different. For personal leasing you will be required to provide your ID and also pass the relevant checks, including credit checks. With a business lease, you will also be required to provide proof of your business including bank statements, audited accounts and other relevant information about your business.

Finally, business leasing allows people to claim back the VAT on the cost, so can often work out significantly cheaper than personal leasing.