Spread the cost of electric vans from £38,000 to £65,000+ with flexible finance options. HP, lease, or refinance
Yes, electric vans 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 £38,000 to £65,000, and most deals are written over 24–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£38k – £65k
Approval Speed
24–48 hours
Same-day for < £50k
Rates From
5.0% APR
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical electric van price. Indicative only, not a quote.
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For UK limited companies with 3+ months’ trading and monthly revenue.
On a purchase price of £46,000: a 10% deposit of £4,600, then 48 monthly payments of £970 at 5.9% APR representative (fixed). Total amount payable £51,160, including the deposit. The rate you are offered depends on your business and the asset.
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 E-Transit | £42,000 – £58,000 | Large Electric Panel Van |
| Mercedes-Benz eSprinter | £48,000 – £65,000 | Large Electric Panel Van |
| Vauxhall Vivaro Electric | £38,000 – £52,000 | Medium Electric Panel Van |
| Renault Master E-Tech | £40,000 – £55,000 | Large Electric Panel Van |
Explore business funding options through Fundably
For UK limited companies with 3+ months’ trading and monthly revenue.
Electric vans are treated the same as diesel or petrol vans for capital allowances purposes, since they qualify as plant and machinery rather than as cars: the Annual Investment Allowance covers the full cost in year one, up to £1,000,000, regardless of powertrain. Enhanced first-year reliefs have applied specifically to electric cars in past Budgets, but the rates and qualifying dates are set and reviewed at each fiscal event, so check current HMRC guidance rather than assuming a particular relief applies before you buy. VAT treatment follows the same pattern as any other van: due upfront on hire purchase, spread across the rentals on finance lease or contract hire. Grant schemes for electric vans have existed previously; check current government guidance, as availability and eligibility change.
Electric vans are bought by businesses running fixed, predictable routes, such as parcel and last-mile delivery, facilities and grounds maintenance, and trades operating mainly within a city or town, where daily mileage sits comfortably within the van's range and overnight depot charging is available. Buyers weighing an electric van against a diesel equivalent typically look at total running cost (fuel versus electricity, servicing) alongside the higher purchase price, and access to low or zero emission zones is a growing factor in city-based fleets. Battery health and warranty terms are a bigger part of a used electric van's valuation than mileage alone.
Some specialist lenders consider businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options may be available. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender.
Explore business funding options through Fundably.
For UK limited companies with 3+ months’ trading and monthly revenue.
Explore business funding options through Fundably.
Check Eligibility →For UK limited companies with at least 3 months’ trading and monthly revenue.