Finance the van that keeps you moving.
Van finance lets your business spread the cost of a new or used commercial van over 1 to 7 years. Hire purchase, finance lease or contract hire — we'll find the structure and rate that fits.
At a glance
- New and used vans from all dealers
- Indicative rates may start at 6.9% APR for prime credit
- HP, lease or contract hire
- Conversions and extras included
- Single vans to full fleet deals
Broker
Independent
Timing
Case by case
Terms
Subject to review
From enquiry to business momentum.
Enquire in 60 seconds
Tell us about the asset, the amount and the timing so we can focus the conversation on your business plans.
We get to know your business
A dedicated account manager gets to know your goals and helps shape the right finance conversation.
We explore suitable provider routes
We consider suitable provider routes based on the asset, the information available and the circumstances described.
Move forward with clarity
Your account manager talks you through the options and helps you choose the next step for your business.
What is van finance?
Van finance is a form of asset finance that lets UK businesses acquire a commercial van — new, used, or electric — without paying the full purchase price upfront. The most common structures are hire purchase (you own the van at the end of the term) and finance lease (lower monthly cost, lender retains ownership). Terms typically run from 12 to 84 months, with indicative rates may start at 6.9% APR for businesses with strong credit. The van is used as security, so no additional collateral is usually required.
Every type of commercial van.
Small vans
Berlingo, Partner, Kangoo, Caddy. Perfect for urban deliveries and trades working in tight spaces.
Medium vans
Transit Custom, Vivaro, Trafic, Proace. The UK's most popular commercial van segment.
Large vans
Transit, Sprinter, Crafter, Movano. Maximum payload and cube for logistics and fit-out.
Luton & box vans
Tail-lift and non-tail-lift. Removals, parcel delivery, event logistics.
Tipper & dropside
Builders, landscapers, waste management. Single and crew cab options.
Refrigerated vans
Temperature-controlled for food, pharma and floral distribution. GAH, Hubbard and Solomon bodies.
Electric vans
e-Transit, eVito, e-Berlingo, Maxus eDeliver. Lenders increasingly keen on EV — attractive rates available.
Converted & bespoke
Racking, ply-lining, livery, toolboxes, welfare units. Conversion costs rolled into the finance.
Product terms
- Amount
- £5,000 – £500,000
- Term
- 12–84 months
- Deposit
- 0–30%
- Indicative rate may start at
- 5.5% flat / ~6.9% APR
Indicative — actual terms depend on credit, asset type/age and lender appetite.
What might van finance cost?
Option A — Hire Purchase
Ford Transit Custom
£28,000 · 4-year HP · 10% deposit
- Deposit (paid day one)
- £2,800
- VAT (reclaimed next return)
- £5,600
- Amount financed
- £25,200
- Monthly payment (48 months)
- £589
- Option-to-purchase fee
- £150
- You own the van at the end?
- Yes
Indicative — assumes 7.4% annual flat rate. Actual quote subject to credit and asset.
Option B — Finance Lease
Ford Transit Custom
£28,000 · 4-year lease · nil deposit
- Deposit
- £0
- VAT (spread across rentals)
- Included in monthly
- Monthly rental (48 months)
- £520
- Rentals 100% tax deductible?
- Yes
- You own the van at the end?
- No — return or extend
Indicative — assumes 7.4% annual flat rate. Actual quote subject to credit and asset.
Which is better? Choose hire purchase if you want to own the van long-term and benefit from capital allowances. Choose finance lease if you want lower monthly outgoings, prefer to keep the van off your balance sheet, or plan to upgrade every 3–4 years.
Hire purchase vs finance lease — at a glance.
| Feature | Hire Purchase | Finance Lease |
|---|---|---|
| Own the van at end? | Yes (after option fee) | No — return or extend |
| Monthly cost | Higher | Lower |
| VAT treatment | Pay upfront, reclaim in next return | Spread across each rental |
| Tax deductibility | Interest + capital allowances | 100% of rental |
| Balance sheet | Asset on balance sheet | Off balance sheet |
| Best for | Long-life vans, owner-drivers | Regular upgraders, fleet managers |
| Deposit required? | Often 10% (nil available) | Often nil |
Funding for the switch to electric.
Electric vans — including the Ford e-Transit, Mercedes eVito, Vauxhall Vivaro-e, Maxus eDeliver and Renault Kangoo E-Tech — are increasingly well-supported by lenders on our panel. Residual values have stabilised, making finance lease particularly attractive for EV fleets where technology is still evolving.
Finance lease preferred
Lower monthly cost and no residual value risk at the end of term — ideal as EV technology matures.
OZEV grants factored in
Where applicable, government grants are deducted from the vehicle price before financing, reducing your monthly payment.
Charging infrastructure
Workplace chargers and infrastructure costs can often be bundled into the same finance agreement as the van.
Van finance, answered.
Can I finance a used van?
Yes. Most lenders fund used vans up to 5 years old at the start of the agreement. Specialist lenders go older. Private sale and auction purchases are also considered.
What is the cheapest way to finance a van?
Hire purchase usually offers the lowest total cost of ownership because you own the van at the end of the term. Finance lease has lower monthly payments but you never take title — making it better for businesses that upgrade regularly.
Can I include extras like racking and livery in the finance?
Yes — racking, ply-lining, livery, tail-lifts, refrigeration units and other conversions can be rolled into a single agreement, spreading the full fitted cost over the term.
Do I need a deposit for van finance?
Not always. Nil-deposit deals are available for prime credit on new vans. A 10–20% deposit will reduce your monthly payments and may affect the indicative terms available from a lender.
Can I finance a fleet of vans?
Absolutely. We arrange single-van and multi-vehicle fleet deals. Fleet financing may attract volume discounts and blended terms from some lenders on the panel.
How quickly can I get van finance?
A credit decision is typically returned within 24 hours. Funds are released to the dealer within 2–5 working days of accepting the offer and completing documentation.
Can a sole trader or new business get van finance?
Yes. We work with specialist lenders for sole traders, self-employed applicants, and businesses trading under 24 months. A personal guarantee and modest deposit are usually required.
How can van finance affect tax?
Tax treatment depends on the business, van, agreement, VAT status and current rules. Qualifying expenditure may be eligible for capital allowances, while agreement payments can be treated differently depending on the structure. Full expensing has specific eligibility conditions and should not be assumed. Confirm the position with an accountant or tax adviser before entering an agreement.
Finance information
Any available proposal should explain the payment obligations, deposit, fees, interest or rental element, any final payment, total payable, security and relevant consequences before you decide whether to proceed. AssetFi does not publish an unsupported rate or repayment example as a general indication of what a customer will receive.
AssetFi is a trading style of Vernova Finance Ltd, an independent asset finance broker and not a lender. Commission disclosure.