Home/Commercial Vehicle Finance
    Funding for every kind of business vehicle

    Commercial Vehicle Finance

    Vans, pickups, tippers, Lutons, minibuses and more. New and used, one vehicle or a fleet, arranged across a panel of over 100 lenders.

    Apply online today
    100+ UK lenders
    Decisions in as little as 24 hours
    Low deposits
    Competitive interest rates
    VAT deferrals available
    New businesses welcome
    100+ UK lenders
    Decisions in as little as 24 hours
    Low deposits
    Competitive interest rates
    VAT deferrals available
    New businesses welcome

    Commercial vehicle finance is funding used by businesses to buy vehicles for commercial use, most commonly through hire purchase, where the business pays a deposit followed by fixed monthly payments and owns the vehicle at the end. Because the vehicle is bought by the business rather than personally, a VAT-registered company reclaims the VAT and the cost is treated inside the business. It covers everything from a small van to a 7.5 tonne lorry.

    Most businesses arrive knowing exactly which vehicle they need. What they are less sure about is how the funding should be structured, what it will cost, and whether the deal in front of them is any good.

    Start with your vehicle below, or read on for how commercial vehicle finance works and what we can arrange that a dealer cannot.

    Vehicle not listed? We finance almost anything on wheels that works for a living, including 7.5 tonne flatbeds and vehicles with lorry mounted cranes. Call us on 01730 777 736 and tell us what you have found.

    How commercial vehicle finance works

    The principle is simple. A lender pays the seller for the vehicle. Your business repays the lender in fixed monthly instalments over an agreed term, usually between 24 and 60 months, plus interest. The vehicle is the security for the agreement, which is why commercial vehicle finance is generally cheaper than an unsecured business loan.

    Hire purchase is what most businesses end up on, because the vehicle belongs to the business at the end of the term with no mileage limits and no condition charges. Finance lease is the main alternative, with lower initial outlay and the vehicle sold at the end. Asset refinance releases cash against a vehicle the business already owns outright. Which one suits depends on your cash flow and what your accountant wants on the balance sheet.

    Rates are quoted as annual flat rates rather than APRs, because APR is a consumer credit measure and is not used on business lending. That matters when you are comparing a business quote against a personal one, because the two numbers are not directly comparable.

    Our van finance rates page sets out indicative rate ranges by business profile, and the van finance calculator will give you a monthly figure in about thirty seconds.

    New and used vehicles

    Both are straightforward. New vehicles from franchised dealers are the simplest applications we handle, and used vehicles are where most of the value sits.

    The general rule on age is that the vehicle needs enough working life and enough value left in it to secure the agreement. Past ten years old or 100,000 miles the pool of lenders narrows, the term shortens and the rate rises, but a well maintained vehicle from a recognised manufacturer with a full service history is fundable a good deal later than most people assume.

    Send us the details of anything you are considering and we will tell you what term and deposit are realistic on it before you commit.

    What we can arrange that a dealer cannot

    Dealer finance is convenient, and sometimes the rate is genuinely competitive. What it rarely includes is any of the following, and for most businesses these are worth more than a small difference in rate.

    VAT deferral

    On qualifying agreements the lender pays the supplier the full price including the VAT, then collects the VAT element from your business as a single payment after an agreed period, usually around three months. That gives you time to reclaim it from HMRC first. There is no charge for the facility, and dealer finance arms generally do not offer it.

    Little or no deposit

    Dealers commonly ask for 10 to 20 per cent down. For a VAT-registered limited company with a reasonable credit profile buying at a sensible market price, no deposit at all is a normal outcome with us. Our no deposit van finance page explains when that is realistic.

    Funding for converted and specialist vehicles

    A dealer's finance desk works to the guide price of the base vehicle. Tipper bodies, Luton boxes, tail lifts, cranes and specialist conversions do not appear in any price guide, which leaves a gap between the invoice and what a lender will advance. We work with lenders who fund the completed vehicle for what it is actually worth.

    A credit facility for vehicles you have not bought yet

    A dealer can sell you finance on the vehicle in front of you. Alongside it, we can often agree a credit limit that stays in place for the coming months, sometimes £50,000 or £100,000 depending on the business, so that when you win the contract or take on the driver, the funding is already agreed.

    Finance on private purchases

    Most dealer finance exists to fund the vehicle on their own forecourt. If you have found something being sold by another business, plenty of lenders will not consider it at all. We can, provided the seller can evidence clear title, and we are happy to speak to them directly about what is needed.

    Who can apply

    Limited companies can borrow from £10,000. Sole traders can borrow from £25,000, on unregulated credit agreements, because the lenders we work with offer commercial finance only.

    New limited companies and businesses under two years old are welcome to apply, and so are businesses with a difficult credit history. Our new business van finance page and our bad credit van finance page set out what lenders look for in each case.

    If your business does something specific, our van finance by trade guides cover how the finance works for couriers, electricians, builders, removals and more.

    Plan your budget

    Get an indicative monthly figure for the vehicle you are looking at, then call us and we will tell you what term and deposit are realistic on it.

    Calculate payments

    Speak to a specialist

    Tell us what the vehicle is, what the business does and whether more vehicles are likely over the next few months. We will structure it properly before anything is submitted.

    01730 777 736

    Apply online

    Frequently asked questions

    It is funding used by businesses to buy vehicles for commercial use. A lender pays the seller, and the business repays in fixed monthly instalments over an agreed term, with the vehicle acting as security for the agreement. Hire purchase is the most common product, and the vehicle belongs to the business at the end of the term.

    Vans of every size, pickups, tippers, dropsides, Luton vans, crew cabs, minibuses, campervans and motorhomes. We also arrange finance on heavier vehicles including 7.5 tonne flatbeds and vehicles with lorry mounted cranes, and on equipment where it forms part of the same purchase. If you are not sure whether something qualifies, ask us.

    Commercial vehicle finance is a form of asset finance. Asset finance is the broader term covering any business asset bought this way, from machinery to equipment. When the asset is a vehicle, the products are the same: hire purchase, finance lease and refinance.

    Hire purchase, where the business owns the vehicle at the end. Finance lease, where the vehicle is sold at the end and the business keeps most of the proceeds. Lease purchase, often with a balloon payment to reduce the monthly cost. And asset refinance, which releases cash against a vehicle the business already owns outright. Our commercial vehicle finance options page covers all four in detail.

    It depends on the credit profile of the business, the trading history and the vehicle itself. Rates are quoted as annual flat rates rather than APRs, because APR is a consumer measure not used on business lending. Our van finance rates page publishes indicative ranges by business profile.

    Yes, and most of what we arrange is on used vehicles. The vehicle needs enough value and working life left in it to secure the agreement, so age and mileage affect the term available and the deposit required rather than ruling it out. Send us the details and we will tell you what it should fund at.

    Compare the market rather than taking the first offer, and get pre-approved before you negotiate the price of the vehicle, so the two are separate conversations. Our guide to getting the best van finance deal covers what actually moves a rate and the mistakes that quietly cost businesses money.

    Yes, through specialist lenders who assess the whole picture rather than an automated credit score. A deposit and a well chosen vehicle both improve the options. Our bad credit van finance page explains how those applications are approached.

    No. We do not charge our customers a fee. We are paid a commission by the lender, which we tell you about at the first conversation, and we confirm the exact amount before you sign any finance documentation.

    Apply for commercial vehicle finance today

    Complete the form below and a specialist will be in touch, usually within one business day.

    If you'd prefer to call: 01730 777 736

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    Tell us what you have found

    Any vehicle, any size, new or used, dealer or private sale. One conversation and we will tell you what is achievable. No obligation, no upfront fees.