Van Finance

Q: Can I finance a used van?

Yes. Most lenders finance used vans up to 8 years old at the start of the agreement. Rates for used vans are typically 0.5–1% higher than new. You may need an independent valuation for older vehicles.

Q: What deposit do I need for van finance?

For hire purchase, most lenders ask for 10–20% deposit. Finance leases and operating leases often require no deposit at all. A larger deposit reduces monthly payments and may secure a better rate.

Q: How quickly can I get van finance approved?

Most van finance applications are approved within 24–48 hours. For straightforward deals under £50k, same-day approval is common. Fleet deals or higher values may take 3–5 working days.

Q: Do I need to have been trading for a minimum period?

Most lenders require 2+ years of trading history for standard terms. Startups under 2 years can still access finance but may need a personal guarantee or higher deposit.

Spread the cost of vans from £15,000 to £80,000+ with flexible finance options. HP, lease, or refinance — compare rates from 40+ lenders.

Typical Cost

£15k – £80k

Approval Speed

24–48 hours

Same-day for < £50k

Rates From

From 4.8% APR

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 van 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: Always drive the latest model. Off balance sheet.

Representative example

Borrow £35,000 over 48 months at 5.9% APR (fixed). Monthly repayment: ~£728. Total amount payable: ~£34,944. Rates depend on your circumstances.

Popular models

Model	Price Range	Type
Ford Transit Custom	£28,000 – £42,000	Medium Panel Van
Mercedes Sprinter	£35,000 – £55,000	Large Panel Van
Volkswagen Transporter T6.1	£30,000 – £45,000	Medium Panel Van
Vauxhall Vivaro	£25,000 – £38,000	Medium Panel Van

Tax benefits

Vans qualify for Annual Investment Allowance (AIA), letting you deduct the full purchase cost from taxable profits in year one — up to £1,000,000. HP agreements allow you to claim capital allowances on the asset. Lease payments are typically fully deductible from profits as a business expense.

Market context

The UK van market saw 356,000 new registrations in 2024, up 5.2% year-on-year. Over 4.2 million vans are registered on UK roads. The average UK business replaces its van fleet every 4–5 years.

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. Our eligibility check uses a soft search only — no impact on your credit score.

Frequently asked questions

Can I finance a used van?