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
- Rates from 6.9% APR for prime credit
- HP, lease or contract hire
- Conversions and extras included
- Single vans to full fleet deals
From
6.4%
Decision
24 hrs
Up to
£2m
From enquiry to funded — usually inside a week.
Enquire in 60 seconds
Tell us the asset, the amount and the timing. Soft search only — no impact on your credit score.
We get to know your business
A dedicated account manager picks up the phone, sense-checks your goals and gathers what we need.
We shop the market for you
We package the application, run it across 60+ specialist lenders and bring back the strongest no-obligation quotes.
Funded — usually in days
Accept the offer and sign electronically. Funds release direct to the supplier or to your account.
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 rates starting from 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%
- Rate from
- 5.5% flat / ~6.9% APR
Indicative — actual terms depend on credit, asset type/age and lender appetite.
What does van finance actually 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 unlock sharper rates from the lender panel.
Can I finance a fleet of vans?
Absolutely. We arrange single-van and multi-vehicle fleet deals. Fleet financing can attract volume discounts and blended rates from certain 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.
Is van finance tax deductible?
Under hire purchase, the interest element is tax deductible and the van qualifies for capital allowances (including full expensing for new vans). Under finance lease, the full rental is 100% deductible against profits.
Representative example
9.9% APR representative based on hire purchase of £25,000 over 36 months with a 10% deposit (£2,500). Monthly repayment £726. Total amount payable £28,636. Total cost of credit £6,136.
Rates depend on credit profile, asset type, deposit and term. AssetFi Ltd is a credit broker, not a lender. Commission disclosure.