Business Vehicle Finance

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Business & Commercial Vehicles | CarMoney.co.uk
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Having reliable business vehicles can be crucial to your success.

Whether you’re a small business owner or part of a larger corporation, obtaining the right vehicles can enhance efficiency, productivity, and profits.

Whether you are building up a fleet of commercial vehicles or you only need one van, a vehicle is a significant investment.

That’s why it makes sense to spread the cost by using a business vehicle finance plan. Nikki the Ninja is here to explore the various business vehicle finance options available.

Representative Example: Borrow £7,000 with £1,000 deposit over 48 months with a representative APR of 17.9%, monthly payment would be £171.83, with a total cost of credit of £2,247.83 and a total amount payable of £8,247.83. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions this can either be a % of the amount borrowed or a flat fee. This does not influence the interest rate you’re offered in any way. CarMoney is a broker not a lender.

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Our Vehicle Finance Options

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When it comes to buying vehicles for your business, you have different financing options to consider:

Business Hire Purchase: This is similar to personal hire purchase. You essentially hire a vehicle from the finance company for a set period of time. When you have paid off the loan, you own the business vehicle.

Business Contract Hire: This is the business equivalent of PCP agreements. You lease the vehicle for a set period. At the end of the term you can pay a lump sum to buy the vehicle, or lease another one. This allows you to change vehicles regularly and should result in lower monthly payments.

Whether you need one vehicle or you’re looking to finance a fleet, we’ll be able to help. We offer:

Especially if you want to reduce costs to the business and secure the right commercial vehicle quickly, you should consider:

Experience in Business Vehicle Financing: Look for lenders with a track record of providing financing solutions tailored to businesses. They should understand the unique needs and challenges of acquiring and managing commercial vehicles.

Interest Rates and Terms: Compare rates and terms from multiple lenders to find the most competitive option for your business.

Customer Service and Support: A responsive and knowledgeable lender can provide valuable guidance throughout the financing process. If you require any help while applying or managing business vehicle finance, you should be able to get advice from your lender. If not, CarMoney will be able to answer most of your questions.

Reputation and Reviews: Research the reputation of potential lenders. Reading reviews and seeking recommendations from other business owners can provide valuable insights. As a business owner, you’ll know the power of reviews in winning new customers.

You should also look at your business’s finances. The most important information is: 

Total Cost of Ownership: Factor in not only the purchase price but also additional costs like insurance, maintenance, fuel, and potential depreciation.

Cash Flow and Monthly Payments: Ensure that monthly payments fit comfortably within your budget and won’t strain your business’s cash flow.

Long-Term Considerations: Consider how the vehicle will support your business over time. Will it have the capacity to meet future needs and growth?

Having this information at hand can help you secure more favourable terms when applying for commercial vehicle finance.

Contact CarMoney, or apply for car finance today.

Van | CarMoney.co.uk

Getting the right business vehicle with the right finance plan can be a wise investment for your business.

Vehicles can help your business improve efficiency, reach and profits.

A commercial vehicle can even act as an advert for the business.

For most businesses, commercial vehicle finance is crucial.

That is why CarMoney is here to help you find the business vehicle finance plans that suit you. We are here to support businesses and help them grow.

Get a quote or contact CarMoney today.

Frequently Asked Questions

How to finance a commercial vehicle

When financing a commercial vehicle, it is worth considering options such as hire purchase, PCP (Personal Contract Purchase), lease purchase, or a traditional loan. It is advisable to compare available deals, obtain pre-approval, evaluate the possibility of down payment, inquire about potential discounts, and ensure you are prepared to provide the necessary documentation.

How to finance a van

When it comes to financing a van, it is important to conduct thorough research, obtain pre-approval, assess the possibility of down payment, explore different options from various lenders, inquire about potential discounts, ensure you have the necessary documentation prepared, and carefully consider both the length of the loan term and the type of finance that suits your needs.

Can a business finance a vehicle?

Yes, businesses can finance vehicles for commercial use. There are a variety of financing options available to suit the specific needs of each company.

Can different types of businesses finance vehicles?

Yes, businesses of all sizes and structures can finance vehicles. The best financing option for a business will depend on the company’s specific needs, such as its size, structure, and financial situation.

How it works
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Apply online in 2 mins

Quickly and easily apply online. It only takes 2 minutes to provide all the information we need to get you a car finance decision.

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We’ll find your best deal

We’ll find you the best finance rate and ensure your new car is HPI checked from a good dealership!

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You drive away happy

We’ll sort all the details and you just decide when to collect your new car… or we can deliver it to you!

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CarMoney LIMITED is authorised and regulated by the Financial Conduct Authority (FCA) for consumer credit activity and our registration number is 674094. Representative 17.9% APR. Over 18’s only. CarMoney IS A BROKER NOT A LENDER.

REGISTERED ADDRESS: Pioneer House, 2 Renshaw PL, Motherwell, ML1 4UF, Scotland.Company Number: SC467274.

All finance is subject to status and income. Written Quotation on request. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and we will receive a commission for such introductions.