Leasing for vehicles and Equipment

Looking to lease a vehicle? Look no further. Consolidated Finance offers 3, 4 and 5 year lease options to companies looking to lease vehicles for their staff or daily operations. Just simply give us a call at 467-2350 and speak with one of our friendly loans officers.

How does it work?

  • At the beginning of the lease agreement you will make the first monthly payment plus a onetime only documentation fee.
  • You will be responsible for the maintenance, insurance and road tax payments for the duration of the lease period.
  • At the end of the leasing period, you will have the option to extend the lease for an additional year at a reduced monthly rental; return the vehicle and get a new one; or purchase the vehicle at a price indicated by the company.
  • Packages including insurance and maintenance are also available.

 Required documentation for registered business/trading name:

1) Personal Application form 
2) Last 6 months Bank Statements
3) Certificate of Registration
4) Application for Certificate of Registration
5) Drivers License
6) Barbados Identification Card/ Passport
7) Recent Utility Bill –proof of current address
8) Certificate of incumbency

 

Required documentation for corporation:

1) Company Application form
2) Certificate of Incorporation
3) Articles of Incorporation
4) Company By-laws
5) Corporate Seal
6) Certificate of incumbency
7) Recent Audited Financial Statements & if Unaudited the last 6 months Bank Statements are also required (to be updated Annually)
8) Personal Guarantee of Director of Company
9) Personal application form of Director guaranteeing loan
10) Barbados Identification of Directors/Valid Passports
11) Valid Driver’s Licenses

 

Vehicle Financing  

At Consolidated Finance we provide financing options for a wide range of vehicles, whether it’s for your entire management team or your squad of delivery vehicles, or even your fleet of rentals.

 

Equipment Hire Purchase

Consolidated Finance offers finance terms for the purchase of equipment. The deposit ranges between 15% to 25% of the cost and the balance can be financed over a maximum of 5 years.