^Commercial Vehicle Finance Ireland – Get a Quote

Businesses select their commercial vehicle, then apply for hire purchase finance. After an initial deposit and regular monthly payments over a term of 12 to 60 months, ownership transfers at the end of the agreement. This is suitable for businesses in need of vehicles as long-term assets, such as delivery services or logistics SMEs, and borrowing typically ranges from £5,000 to £500,000, subject to status. Learn more about asset finance for automotive.

Under a finance lease, the lender purchases the required vehicle and the business pays to use it over an agreed period—typically 24 to 72 months. At the end of the term, options include buying the vehicle or returning it. Leasing helps keep assets off the balance sheet initially and can aid with tax efficiency for established businesses, especially those in transport or courier sectors. Borrowing commonly ranges from £10,000 to £1,000,000.

With an operating lease, businesses lease vehicles for periods of 12 to 36 months with an agreed mileage limit. At the end of the lease, the vehicles are simply returned to the provider. This method avoids long-term asset or liability impacts and is cost-effective for firms with fluctuating requirements. Typical borrowing amounts range from £5,000 to £200,000, and decisions can be made quickly.