FINANCE OPTIONS
Asset finance for commercial vehicles – Get a Quote
Asset finance for commercial vehicles is a way to help businesses get the trucks or vans they need by spreading the cost over time. Instead of paying the full price upfront, you can pay affordable monthly amounts, making it easier to manage your budget. If you're thinking about getting a new vehicle for your business, this could be a great option to explore.
- Fastest and easiest application process
- Dedicated support
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Asset finance for commercial vehicles?
Asset finance for commercial vehicles provides businesses with a way to acquire necessary vehicles without large upfront costs. Instead of paying the full price upfront, businesses can spread the cost over time, improving cash flow and allowing for better financial planning. This approach also often includes flexibility in payment terms and potential tax advantages, making it a viable option for many companies looking to invest in their fleet while maintaining liquidity.
Improved cash flow
Flexible payment options
Tax benefits
SCALE YOUR BUSINESS TO NEW HEIGHTS
200+
Providers
Providers
What are the different types of Asset finance for commercial vehicles?
Hire Purchase
A finance option where ownership of the commercial vehicle passes to the business after all payments are made.
Finance Lease
A leasing arrangement where the business uses the vehicle and pays regular rentals, with most of the value repaid over the lease term.
Operating Lease
A short- to medium-term lease where the business rents the vehicle without the intention of ownership, and returns it at lease end.
What is asset finance for commercial vehicles?
Hire Purchase and Equipment Loan
With these options, businesses can use commercial vehicles right away while paying for them over time. Ownership usually transfers to the business once all payments are made, making it suitable for companies that want to eventually own their vehicles.
Finance Lease and Operating Lease
These leases allow businesses to use commercial vehicles without owning them. They pay regular rentals over a set period, which can help with cash flow and flexibility. At the end of the term, businesses may choose to return the vehicle, continue leasing, or sometimes purchase it at market value.
Contract Hire and Alternative Finance
Contract hire involves renting vehicles long-term, often with maintenance included, making it simple to manage costs. Other finance methods like business loans or refinancing may also help fund commercial vehicles depending on specific business needs.
Real Scenarios
Construction Company Needing Fast Working Capital
Situation
A construction firm had a short-term cash gap before a large invoice was paid and needed £85,000 to cover materials and payroll.
Challenge
Traditional bank applications were too slow; they needed a decision and funds within days.
Outcome
Funding Agent matched them with a lender; they received a working capital facility and bridged the gap until the invoice was paid.
Ecommerce Business Preparing for Peak Season
Situation
An online retailer needed around £120,000 to stock up ahead of Black Friday and the Christmas rush.
Challenge
They wanted flexible terms and a quick turnaround so stock could be ordered in time.
Outcome
Through Funding Agent they secured a facility, placed orders in time and managed peak demand without cash flow stress.
Marketing Agency Using Invoice Finance
Situation
A marketing agency had strong clients and reliable invoices but often waited 60–90 days for payment.
Challenge
They needed to unlock cash tied up in unpaid invoices to pay staff and take on new projects.
Outcome
Funding Agent connected them with an invoice finance provider; they now access funds against approved invoices and smooth out cash flow.
Property Developer Using Bridging Finance
Situation
A developer needed short-term finance to complete a purchase before selling an existing property.
Challenge
They required a fast decision and flexible terms to align with the sale timeline.
Outcome
Funding Agent matched them with a bridging lender; they completed the purchase and repaid the facility when the sale completed.
FAQ’S
Can I finance used vehicles for my construction business?
Is asset finance available for electric vehicles in the logistics sector?
What are the deposit and repayment options for commercial vehicles in the trades sector?
Can I finance a fleet of vehicles for my care or professional services business?
DIVE DEEPER
We Like To Keep Things Simple
Match with
150+
Lenders
Loans from
£1000
to
£1m
to
£1m
zero hidden fees
