Lendus.

Commercial Vehicle Finance

Spread the cost of commercial vehicles from £15,000 to £150,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a commercial vehicle?

Yes, commercial vehicles are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £15,000 to £150,000, and most deals are written over 12–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Typical Cost

£15k – £150k

Approval Speed

24–48 hours

Same-day for < £50k

Rates From

4.8% APR

What would a commercial vehicle cost per month?

£45,000
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical commercial vehicle price. Indicative only, not a quote.

Compare commercial vehicle finance rates from 200+ lenders

Check Eligibility

Finance options

Hire Purchase (HP)

Rate
From 5.2% APR
Term
12–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Businesses wanting to own the vehicle outright

Finance Lease

Rate
From 4.8% APR
Term
12–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate
From 5.5% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
Flexible fleet management. Off balance sheet.

Representative example

On a purchase price of £45,000: a 10% deposit of £4,500, then 48 monthly payments of £949 at 5.9% APR representative (fixed). Total amount payable £50,052, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification Guide price Type
Ford Transit £30,000 – £50,000 Large Van
Mercedes Sprinter 516 £40,000 – £60,000 Chassis Cab
Isuzu N75 £35,000 – £55,000 Light Truck
Renault Master £28,000 – £42,000 Large Van

Ready to compare commercial vehicle finance? 2 minutes, no credit check.

Check Eligibility

Tax benefits

Commercial vehicles qualify for Annual Investment Allowance (AIA), letting you deduct the full purchase cost from taxable profits in year one, up to £1,000,000. For HP, you claim capital allowances on the asset. For leases, the full payment is typically deductible from profits.

Market context

Commercial vehicles are bought by trades businesses, delivery and logistics operators, and any company running its own fleet rather than outsourcing transport, from a single van for a sole trader to a mixed fleet for a regional distributor. Finance is the default route because vehicles depreciate steadily and tying up cash in outright purchase makes little sense when a lease or hire purchase agreement can be matched to the vehicle's working life, and the driver simply moves to a newer vehicle at renewal. Replacement is driven by mileage, warranty expiry and rising maintenance costs rather than age alone. A deep, active used market supports strong residual values.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

Compare rates from 200+ lenders, takes 2 minutes.

Check Eligibility

Frequently asked questions

Can I finance a used commercial vehicle?
Yes, most lenders finance used commercial vehicles up to around 8 years old. Rates for used vehicles are typically a little higher than new, and an independent valuation may be required for older vehicles or those with unusually high mileage. Full service history and evidence of regular maintenance carry real weight here, since a van or truck that has been well looked after will secure noticeably better terms than one of similar age with gaps in its service record.
What deposit do I need for commercial vehicle finance?
For hire purchase, most lenders ask for a 10-20% deposit, while finance leases and operating leases can often be arranged with no deposit at all. A larger deposit reduces the monthly payment and may improve the rate offered, which matters more across a multi-vehicle fleet order than for a single van. Many businesses running their own fleet choose the no-deposit route specifically to keep cash free for fuel, insurance and drivers rather than tied up in deposits across several vehicles at once.
How quickly can I get commercial vehicle finance?
Most applications are approved within 24-48 hours, and straightforward deals under £50,000 often get same-day approval, which covers most single-van purchases. Fleet purchases or more complex applications covering a mixed range of vehicle types may take three to five working days as the lender reviews the fuller order. Having a clear list of vehicles, specifications and prices ready before applying is the most reliable way to keep a multi-vehicle application moving without back-and-forth queries.
Do I need to have been trading for a minimum period?
Most lenders require at least two years of trading history for standard terms. Start-up businesses can still access finance but may need a personal guarantee or a higher deposit, since the lender has less trading history to assess. Because commercial vehicles have a deep, active used market and hold their value predictably, lenders are generally comfortable financing even a newer business provided the vehicle itself offers solid security behind the agreement, particularly for common van and light truck models.
What happens at the end of a commercial vehicle finance agreement?
Hire purchase transfers full ownership of the vehicle once the agreement is paid off, which suits a business wanting to own its fleet outright. A finance lease usually offers a balloon payment to take ownership, continued rental, or handover to the funder, while an operating lease is return-only, which suits a business wanting flexible fleet management and a newer vehicle at renewal rather than running the same van to the end of its life. Mileage, warranty expiry and rising maintenance costs, more than age alone, tend to drive replacement.
Can I finance a commercial vehicle with signwriting, racking or conversion work included?
Yes, provided they appear on the supplier's invoice alongside the vehicle itself, most lenders fund signwriting, internal racking, refrigeration conversion or other fit-out work as part of the same agreement rather than requiring it to be paid separately. This is common for trades and delivery businesses, where the conversion work can add a meaningful amount to the total cost of getting a van road-ready for the job. Keeping the vehicle and conversion on one itemised invoice makes it straightforward to finance as a single amount.

Related equipment finance

More vehicles finance

See how lenders treat vehicles assets

Guides and resources

Ready to finance your commercial vehicle?

Compare rates from 200+ lenders. No credit check.

Check Eligibility →
Check Eligibility, 2 min, no credit check