Top 10 Lenders for £100,000 Van Finance in 2026 – Compare UK Asset Finance & Hire Purchase

Van finance at the £100,000 level typically works through asset finance agreements, most commonly hire purchase or finance lease. With hire purchase, you pay an initial deposit followed by fixed monthly instalments over an agreed term, and you own the van outright once the final payment is made. With a finance lease, you rent the vehicle for a set period and may have options at the end such as extending the lease or selling the van to a third party. The lender secures the finance against the van itself, which means the vehicle acts as collateral. This tends to make approval more straightforward than unsecured lending, as the lender has a tangible asset to fall back on. Some lenders also offer secured business loans for vehicle purchases, where the finance is secured against business assets rather than the van alone.

Eligibility criteria vary by lender, but most UK-based asset finance providers will expect your business to have been trading for at least 12 to 24 months, with a reasonable turnover and a clean credit history. Limited companies, LLPs, partnerships, and sole traders can all apply, though limited companies often have access to the widest range of options. Lenders will typically review your business bank statements, filed accounts, and credit score. For a £100,000 facility, they will want to see that the monthly repayments are comfortably affordable from your existing cash flow. Startups and newer businesses may find it more challenging but some specialist lenders do consider applications from younger companies if the directors have strong personal credit profiles or can offer additional security.

Interest rates for van finance depend on factors including your business credit profile, the age and condition of the van, the type of finance agreement, and the deposit you are able to put down. Terms commonly range from two to five years, with some lenders offering up to seven years for larger facilities like a £100,000 agreement. Hire purchase agreements often carry lower rates than unsecured options because the van itself secures the debt. Rates can be fixed or variable, with fixed rates offering predictable monthly payments. Your exact rate will be determined by the lender after assessing your application, so it is always worth comparing quotes from multiple providers to find the most competitive offer for your circumstances.

Hire purchase is a product designed specifically for vehicle and equipment finance. You spread the cost over monthly payments and own the van at the end, with the van serving as security throughout. A secured business loan, by contrast, is a more general-purpose lending product where you borrow a lump sum secured against business assets such as property, machinery, or stock. With a secured loan, you buy the van outright immediately and the lender places a charge over the agreed assets. Hire purchase can be simpler to arrange because the asset being financed is the security, whereas secured business loans often involve more detailed asset valuation and legal work. The right choice depends on whether you prefer a specialist vehicle finance product or a broader lending facility that might also fund other business needs.

Start by checking whether the lender specialises in commercial vehicle finance or asset finance more broadly, as specialists often have more flexible underwriting and a better understanding of your needs. Compare the total cost of borrowing, not just the headline interest rate, by looking at the APR, any arrangement fees, documentation fees, and early settlement charges. Consider the lender's reputation by reading independent reviews and checking whether they are FCA authorised. Look at how quickly they can process applications and release funds, especially if you need the van urgently. Also assess the flexibility of their agreements, including whether they allow overpayments, payment holidays, or settlement without penalty. Finally, ensure the provider offers the specific type of finance you need, whether that is hire purchase, finance lease, or a secured loan structure.

Yes, many asset finance lenders allow you to finance multiple commercial vans under a single facility, provided the total value reaches the £100,000 level. This can be arranged as a single hire purchase or finance lease agreement covering all vehicles, which simplifies administration and means you only have one monthly payment to manage. Some lenders offer a master agreement structure, where you can add vehicles over time without needing to renegotiate terms each time. Alternatively, you might use a secured business loan for the full £100,000 and purchase the vans outright from different dealers. The best approach depends on whether you are buying all vans at once or plan to acquire them gradually, so discuss your specific requirements with potential lenders to find the most practical structure.