We can assist you in financing all your van and commercial vehicle requirements. We’re going to look at Van Finance for Business.
Van Finance or Hire? Van Finance For Business
If you’re a tradesman, delivery driver, courier or other business, chances are a Van is an essential piece of equipment that you use daily. There comes a time for most businesses when they have to decide if it makes more sense to make the move from renting a van to purchasing.
Purchasing a van is a relatively expensive transaction and most businesses will consider either funding the vehicle by Hire Purchase or a Leasing facility.
The advantages of financing your next van is that you are able to fix the payments for the duration of the facility and depending on how you fund, there may be significant tax savings. It is always recommended that you speak to your tax advisor for the most up-to-date tax advice.
As van are currently holding their value fairly well, this enables us to tailor the finance solution to the useful life of the van if required and makes van finance for business a very serious option.
In addition to brand-new vans, we can help you to finance used vans. The term of the facility will be determined by the age and mileage to suit a lender’s criteria.
Refinance of Vans
As previously mentioned, vans are currently holding their value fairly well, and they are often suitable to be used for refinancing, subject to a lenders criteria being met. The advantage of refinancing is that it provides an additional injection of cash into the business.
Van Finance Calculator & Van Finance Quotes
Van Finance quotes vary considerably depending on several factors – the strength of the client, age and mileage of the van will have a bearing on the rates charged. Finance for van need not be expensive and we will work with you to assist you in buying a van on finance.
We will happily give you a finance quote on a van over the term you require, please get in contact and we’ll be happy to help
Box, Transit Van Finance – what’s suitable
Van Financing is suitable for all sorts of vans including Transit, Box, Luton, SWB, Pick Up, Drop Side……..and others.
How Business Finance Direct helps with Van and Commercial Vehicle Finance. Are you a Van Finance Company ?
Business Finance Direct are business finance brokers who have an extensive panel of lenders who provide finance. Knowing the lenders we work with, enables us to find the lender who is right for your circumstances. Our service to you is totally free.
FAQs relating to Van Finance and Leasing in the UK
What finance options are available for commercial vans in the UK?
You can choose either Hire Purchase (HP), leasing agreements, or refinance existing vans. Each option offers different tax advantages, flexibility, and monthly payment structures.
What is the difference between Hire Purchase and Leasing?
Hire Purchase leads to ownership after payments, with fixed monthly fees. Leasing provides use of the van without owning it, which can offer VAT reclaim and lower initial payments.
Can I finance a used van, and how does mileage affect the agreement?
Yes—used vans are eligible. Lenders consider age, mileage, and condition, which impact interest rates and maximum loan term. Older, higher‑mileage vans may qualify for shorter finance periods.
How do I refinance my existing van finance?
Refinancing involves replacing your current agreement with a new one, often unlocking cash tied up in the asset. Approval depends on condition, market value, and remaining term.
Are there tax advantages to van finance in the UK?
Yes—depending on your accounting method, leasing costs may be fully deductible and VAT can typically be reclaimed. Hire Purchase also allows depreciation relief. Always verify with your accountant.
Can I reclaim VAT on a financed van?
Yes, if your business is VAT-registered and the van is used solely for business, you can typically reclaim the VAT on the purchase or lease. Rules vary by finance type—check with your accountant or HMRC.
What types of vans can be financed through Business Finance Direct?
Our lenders finance all commercial models: Transit vans, box vans, Luton bodies, SWB, pick‑ups, dropsides, and more—new or used
How do I get a personalised van finance quote?
Simply contact us with your preferred van make, model, age, mileage, and desired term. We’ll compare lenders on your behalf and send a tailored quote
Can you help me find a van that is cheaper?
Yes, sometimes. We have contacts in the van market and they are often able to source heavily discounted new vans from main dealers, which we can help you finance.
Please get in touch today and let us help you with your equipment finance requirements.