Car PCP through Ltd company - bad credit rating?

[eek]

Thanks for all the great replies. It has reminded me why I never bother with message boards.

And yours remind why I rarely reply to new posters as they usually don’t like the replies they receive

[washed up contractor]

Thanks for all the great replies. It has reminded me why I never bother with message boards.

Why, because you heard stuff you didnt want to hear? If your co has a bad credit rating, that is down to one of three things; you have run it irresponsibly, you or another director have a poor credit rating or the company hasnt been trading long enough.

None of that is down to people responding to your post on a message board. Toodle pip!

[BrilloPad]

Why, because you heard stuff you didnt want to hear? If your co has a bad credit rating, that is down to one of three things; you have run it irresponsibly, you or another director have a poor credit rating or the company hasnt been trading long enough.

None of that is down to people responding to your post on a message board. Toodle pip!

Does that mean don't let the door slam your arse on the way out?

[Zylon]

Why, because you heard stuff you didnt want to hear?

He was hoping a good internet citizen would take pity and lend him the money.

[northernladuk]

He was hoping a good internet citizen would take pity and lend him the money.

Kaiser has some spare money to give away. Maybe he can help.

[Scruff]

Kaiser has some spare money to give away. Maybe he can help.

Keyser Söze?

[SueEllen]

Kaiser has some spare money to give away. Maybe he can help.

I have some zloty I can contribute.

[Scruff]

I have some zloty I can contribute.

My Zil has spare seats.

[northernladyuk]

I recently applied for a PCP deal on a new car through my Ltd company rather than personally (zero emission car, low BiK, seemed a good deal). The PCP was declined because the Ltd company has a bad Experian credit score. This is simply because of the way I (and most other contractors) operate. No assets or property, low balance at the end of every year, all profit taken as dividends etc.

Does anyone know of a way around this, or do you know of any finance companies offering car PCP for contractors?

Thanks for all the great replies. It has reminded me why I never bother with message boards.

You clearly do sometimes bother.

[tarbera]

serious questions

how can you commit to a business lease with the new IR35 rules likely to come in the next budget?