Commercial Vehicle Finance

Affordable financing solutions for trucks, vans, and specialty commercial vehicles to keep your business moving.

Commercial Vehicle Finance Solutions

Commercial vehicles represent a significant investment for any business. Whether you need heavy goods vehicles, light commercial vans, or specialized equipment, our commercial vehicle finance solutions provide flexible funding options that help you acquire the vehicles your business needs without depleting your working capital.

With tailored repayment terms and competitive rates, we make it easier for businesses of all sizes to maintain and expand their commercial vehicle fleets while preserving cash flow for other operational needs.

Benefits of Commercial Vehicle Finance

Preserve Working Capital

Avoid large upfront payments that can strain your business's finances, allowing you to allocate resources to other critical areas of operation.

Flexible Repayment Options

Choose from various repayment structures that align with your business's cash flow patterns and financial capabilities.

Tax Advantages

Potentially benefit from tax deductions on lease payments or depreciation allowances, depending on the finance structure chosen.

Fleet Expansion

Scale your commercial vehicle fleet more easily as your business grows, without the financial burden of multiple outright purchases.

Commercial Vehicle Finance Options

We offer several financing approaches for commercial vehicles, each with distinct advantages to suit different business needs:

Hire Purchase

Spread the cost of your commercial vehicle over an agreed term with fixed monthly payments. Your business will own the vehicle outright once the final payment is made.

Eventual ownership of the vehicle
Fixed monthly payments for easier budgeting
Potential for capital allowance claims
No mileage restrictions

Finance Lease

Use the vehicle for an agreed period while making regular payments. The finance company retains ownership, but your business benefits from the use of the vehicle.

Lower monthly payments compared to Hire Purchase
Flexibility at the end of the agreement
Potential tax benefits as payments may be offset against profits
Option to extend the lease after the primary period

Operating Lease

A rental agreement where you pay for the use of the vehicle over a fixed term, typically with maintenance included. Ideal for businesses that regularly update their vehicles.

Lower monthly costs as you're only paying for the depreciation
Maintenance packages often included
Regularly upgrade to newer vehicles
Off-balance sheet financing in many cases

Contract Hire

A form of long-term rental where you pay a fixed monthly fee for the use of the vehicle, which is returned at the end of the agreement.

Fixed monthly payments including road tax
Optional maintenance packages available
No depreciation risk
VAT-registered businesses can reclaim up to 50% of the VAT on finance

Commercial Vehicles We Finance

Our commercial vehicle finance solutions cover a wide range of vehicle types to meet diverse business requirements:

Light Commercial Vehicles

Delivery vans
Pickup trucks
Small transit vans
Refrigerated vans

Heavy Goods Vehicles

Articulated lorries
Box trucks
Tipper trucks
Flatbed trucks

Specialized Vehicles

Crane-mounted vehicles
Cherry pickers
Waste disposal vehicles
Emergency service vehicles

Passenger Vehicles

Minibuses
Coaches
Taxis
Airport transfer vehicles

Frequently Asked Questions

What documentation is required for commercial vehicle finance?

Typically, you'll need to provide business financial statements, bank statements, company registration details, and director information. For larger amounts or newer businesses, additional documentation such as business plans or cash flow forecasts may be required.

Can I finance used commercial vehicles?

Yes, most finance options are available for both new and used commercial vehicles. However, lenders may have restrictions on the age of used vehicles, typically requiring them to be less than 7-10 years old at the end of the finance term.

How long are typical commercial vehicle finance terms?

Finance terms for commercial vehicles typically range from 2 to 7 years, depending on the vehicle type, its expected useful life, and your business requirements. Longer terms result in lower monthly payments but higher overall interest costs.

Can I include vehicle modifications in the finance agreement?

Yes, many lenders will include the cost of necessary modifications (such as refrigeration units, racking systems, or lifting equipment) within the finance agreement. This allows you to spread the cost of both the vehicle and its specialized equipment.

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