Top 400k Van Finance Lenders for Fleet Funding UK 2026
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Top £400,000 van finance lenders compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Fleet buyers needing competitive monthly rates on van finance | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Operators preferring transparent annual-rate van fleet finance | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established businesses funding van fleets with a major lender | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing fleets needing flexible van finance up to £5 million | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller fleet builds starting with single-van asset finance | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Businesses comparing bank van finance against specialist funders | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-market fleets exploring van finance through a specialist | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | PEAC Solutions | Included for wider comparison when researching van fleet finance | Not published | interest 7% to 14.5% annually |
| 9 | Aldermore Asset finance | Fleet operators needing van finance across a broad lending range | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger, well-established fleets seeking bespoke van finance terms | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance for commercial vans uses hire purchase or finance lease structures, where a lender funds the vehicle purchase and the business repays in fixed instalments over an agreed term. For fleet operators, this keeps capital free for day-to-day running costs rather than tying it up in depreciating assets. At the £400,000 level, businesses typically use this to acquire multiple vans in a single facility, often securing better terms than financing each vehicle separately.
Comparing van finance lenders at this level goes beyond headline rates. The total cost over the full term, the choice between hire purchase and finance lease, and the flexibility to structure balloon payments all affect monthly cash flow. Lenders familiar with commercial vehicle fleets often process applications faster because they understand asset values and depreciation curves for vans.
Important note:
Funding Agent
Published loan rangeFrom £10,000 to up to £1,000,000
Rate typeInterest from 6.8% annually
Why it is included:It is included because many business owners need to compare several finance routes before choosing where to apply.
Funding Agent can help businesses compare suitable options across a lender panel, especially when eligibility depends on turnover, sector, trading history, credit strength and available documents.
Best use case: When the borrower wants to avoid applying to one lender at a time.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Why it stands out
- Useful when a business wants to compare lender fit rather than guess which lender to apply to first.
- Can help position the application around the funding purpose, trading profile and available documents.
- Works well as a conversion route for readers who are unsure whether a direct lender will approve a larger unsecured facility.
Need to know
- Funding Agent is a broker, not a lender.
- The lender, not Funding Agent, sets the final rate, term, fees and approval decision.
- The best match may be unsecured, secured, revolving credit, invoice finance or another product depending on the case.
Expert take
Funding Agent is a useful honourable mention for business owners who want to compare lender options before submitting a full application. A larger unsecured loan is not always approved by the first lender a business finds, so understanding lender fit early can reduce wasted time and avoid unnecessary declines.
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Reward Funding structures asset finance facilities from £100,000 to £5,000,000, with a flexible drawdown model that suits businesses acquiring multiple commercial vans in stages. Funds can be available within 24 hours. The monthly interest structure keeps repayments predictable, though security and asset eligibility checks are required.
Best next step: Suits staged fleet acquisitions with flexible drawdown.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Flexible drawdown for phased fleet buying
- Funding decisions within 24 hours
- Facilities from £100,000 to £5,000,000
Need to know
- Monthly interest from 0.99% to 3%
- Requires suitable asset security
- Valuation or legal costs may apply
Expert take
A large-ticket asset funder whose drawdown model suits fleet operators acquiring vans in phases. Staged funding can match phased vehicle delivery schedules, and the monthly interest structure brings predictable fleet costs.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Liberty Leasing offers asset finance with annual interest rates from 11% to 16%, funding commercial vehicle purchases from £10,000 to £2,000,000. Decisions can come through within 24 hours, which helps when negotiating with dealerships. The lender ties funding to the vehicles themselves, so deposits or valuations may be needed.
Best next step: Annual-rate asset finance from 11% to 16%.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual interest for clear cost comparison
- Decisions often within 24 hours
- Covers vehicles from £10,000 to £2,000,000
Need to know
- Annual rates from 11% to 16%
- Deposits or valuations may apply
- Funding tied to the specific vehicles
Expert take
A straightforward asset finance provider where annual-rate pricing makes fleet cost comparisons easier. For a £400,000 van fleet, the rate transparency helps when modelling whole-life vehicle costs across multiple units.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard can turn around asset finance decisions within 24 hours, funding up to £5,000,000 for commercial vehicle purchases. As part of NatWest Group, it combines bank-grade stability with specialist vehicle finance expertise. Monthly interest rates apply, and funding is secured against the vans themselves.
Best next step: Bank-backed asset finance with 24-hour decisions.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- 24-hour funding decisions available
- Backed by NatWest Group stability
- Facilities up to £5,000,000
Need to know
- Monthly interest from 4% to 11.5%
- Secured against the vehicles
- Asset eligibility checks apply
Expert take
A bank-backed specialist that pairs institutional stability with quick asset finance decisions. Fleet operators funding £400,000 in vans get the reassurance of a major lender and the specialist knowledge needed for commercial vehicle transactions.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Time Finance can structure asset finance alongside invoice finance for fleet operators who need working capital as well as vehicle funding. Facilities reach up to £5,000,000 with annual interest rates from 5.5% to 13.5%. Decisions can arrive within 24 hours, though the combined facility approach suits businesses with strong B2B invoicing.
Best next step: Asset finance with optional invoice finance facilities.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combine asset and invoice finance
- Annual rates from 5.5% to 13.5%
- Facilities up to £5,000,000
Need to know
- Best suited to B2B invoice-led businesses
- Limits can be reviewed periodically
- Asset security and eligibility checks apply
Expert take
A dual-product lender that suits fleet operators wanting vehicle finance and working capital from one relationship. For a £400,000 van purchase, pairing asset finance with invoice discounting can cover both the fleet cost and day-to-day cash flow.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing stands out for funding speed, with decisions possible within four hours on equipment and vehicle finance. Loans start from £1,000 with annual interest rates between 5.5% and 13.5%. That pace can be decisive when securing stock vans or acting on dealer incentives, though stronger trading histories typically unlock the best terms.
Best next step: Rapid four-hour funding decisions on vehicle finance.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as four hours
- Annual rates from 5.5% to 13.5%
- Funding available from £1,000
Need to know
- Stronger trading history helps secure best terms
- Personal guarantee may be required
- Asset eligibility and valuation checks apply
Expert take
A speed-focused funder whose four-hour decision window suits businesses moving quickly on dealer stock. For a £400,000 van fleet, the rapid turnaround helps lock in pricing, and businesses with stronger financials tend to secure the most competitive annual rates.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays funds asset finance from £1,000 to £25,000,000, covering everything from single vans to large commercial fleets. Annual interest rates range from 8.5% to 14.9%. As a high-street bank, underwriting can be more thorough than alternative lenders, but the trade-off is institutional stability and the option to bundle asset finance with other banking facilities.
Best next step: Bank asset finance from £1,000 to £25,000,000.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Broad facility range for any fleet size
- Option to bundle with banking facilities
- Annual rates from 8.5% to 14.9%
Need to know
- Bank underwriting can be slower
- Strong trading history typically needed
- Personal guarantee may be required
Expert take
A high-street bank whose broad lending appetite covers single vans and large fleets comfortably. For businesses funding £400,000 in commercial vehicles, the ability to align asset finance with existing banking relationships can simplify administration.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance arranges asset finance from £15,000 to £5,000,000 with annual interest rates between 8% and 15%. The lender covers vehicle finance alongside equipment, acquisition and premium finance, so fleet operators with broader capital needs can consolidate under one relationship. Decisions typically take 24 hours, though security and affordability checks apply.
Best next step: Multi-product asset finance from £15,000 to £5,000,000.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Covers vehicles and wider asset types
- Annual rates from 8% to 15%
- Decisions typically within 24 hours
Need to know
- Security and valuation checks required
- Strong trading history may be needed
- Personal guarantees may apply
Expert take
A multi-product asset finance arranger that suits fleet operators with broader capital needs beyond vehicles. A £400,000 van purchase can sit alongside equipment or acquisition finance under one provider, streamlining renewal and relationship management.
PEAC Solutions
Published loan rangeNot published
Rate typeinterest 7% to 14.5% annually
Overview: PEAC Solutions provides asset finance with annual interest rates from 7% to 14.5%, giving fleet buyers a cost framework that is straightforward to benchmark. Decisions typically come through within 24 hours. The lender funds against the vehicles themselves, which preserves working capital, though loan range details are not published and eligibility checks apply.
Best next step: Annual-rate asset finance with 24-hour decisions.
More info
Company stats
Rates and debtor rules
Benefits
- Annual rates from 7% to 14.5%
- 24-hour decision turnaround typical
- Vehicle-secured funding preserves cash
Need to know
- Loan range not publicly disclosed
- Asset eligibility checks apply
- Deposits or valuations may be needed
Expert take
An asset finance provider with transparent annual pricing that helps fleet buyers compare costs. For a £400,000 van fleet, the rate clarity supports accurate whole-life cost modelling, and borrowers benefit from confirming facility limits early in the process.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset Finance funds from £1,000 to £10,000,000 with annual interest rates between 5% and 15%. The wide facility range accommodates single-vehicle purchases through to substantial fleet orders, and funding typically lands within 48 hours. The annual-rate structure makes cost forecasting simpler when planning fleet renewals.
Best next step: Asset finance from £1,000 to £10,000,000.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5% to 15%
- Facilities from £1,000 to £10,000,000
- Funding typically within 48 hours
Need to know
- 48-hour funding slightly slower than some
- Asset eligibility checks required
- Trading history will be assessed
Expert take
A broad-range funder whose lending appetite spans small single units to substantial fleet orders. For a £400,000 van acquisition, the annual-rate pricing and wide facility band give fleet managers room to scale up or down as needs change.
Source:https://www.aldermore.co.uk/business/business-finance/asset-finance/
Close Brothers
Published loan range£25,000 to £100,000,000
Rate typebespoke 3.5% to 10% monthly
Overview: With facilities reaching £100,000,000, Close Brothers brings transport-sector experience to asset finance, funding from £25,000 with bespoke monthly rates between 3.5% and 10%. Decisions typically land within 24 hours. Established fleet operators benefit from underwriting that understands vehicle lifecycles and residual values.
Best next step: Large-scale asset finance for established fleet operators.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £100,000,000 available
- Transport sector experience built in
- Decisions typically within 24 hours
Need to know
- Bespoke monthly rates from 3.5% to 10%
- Minimum facility of £25,000
- Best suited to established businesses
Expert take
A long-established asset finance house with deep transport sector knowledge. For a £400,000 van fleet, their underwriting understands fleet economics well, and the bespoke pricing model can reward businesses with strong trading records.
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Hire purchase or finance lease for a £400,000 van fleet
When arranging £400,000 in van finance, your first structural decision is hire purchase (HP) or finance lease. HP gives you eventual ownership. You pay a deposit, then fixed monthly instalments covering the full van cost plus interest. At the end, title transfers to your company, and the vans sit on your balance sheet as depreciating assets.
A finance lease keeps ownership with the lender. You pay monthly rentals for use of the vans, often with a secondary rental period at reduced cost. You carry no residual value risk, and rentals offset taxable profit. At £400,000, the lease route can preserve working capital and keep fleet assets off your balance sheet, which matters for borrowing covenants. Lenders like Lombard (up to £5,000,000) and Close Brothers (up to £100,000,000) can structure either option depending on your accounting preferences and long-term fleet strategy.
How VAT treatment affects £400,000 van finance costs
Commercial vans attract different VAT treatment from company cars, and the distinction matters at £400,000 scale. On a hire purchase agreement, VAT on the van purchase price is payable upfront and can be reclaimed in full on your next VAT return, provided the vans are used wholly for business. You still finance the VAT-inclusive amount, so your facility needs to cover the gross cost until you recover the VAT.
With a finance lease, VAT is charged on each monthly rental rather than the asset. You reclaim VAT on each instalment as you go. This smooths the cash flow impact and means you only finance the VAT-exclusive asset value. At £400,000, the timing difference on VAT can be significant. Discuss the structure with your lender before committing. Reward Funding, for instance, covers facilities from £100,000 to £5,000,000 with rates from 0.99% to 3% per month, giving you headroom for VAT-inclusive financing.
Balloon payments and residual values in van fleet finance
A balloon payment lets you defer a portion of the capital to the end of the agreement, reducing monthly outgoings on a £400,000 fleet. The balloon reflects the predicted resale value of the vans at term end. Van residual values hold reasonably well for volume models like Ford Transit and Mercedes Sprinter, but mileage, condition, and spec affect the final figure.
On HP with a balloon, you own the vans once you pay the final sum. On a finance lease, you can often sell the vans as agent for the lessor and retain a share of the sale proceeds above the residual. Lenders set balloon percentages based on term length and vehicle type. Liberty Leasing and Aldermore both operate in the 5% to 16% annual rate range for asset finance, with terms typically spanning one to seven years. A higher balloon lowers monthly cost but leaves more risk at the back end.
Preparing your application for high-value van finance
At £400,000, lenders expect a well-documented application. You will need at least two years of filed accounts or management accounts showing consistent turnover and profitability. Bank statements covering the last six months help demonstrate cash flow health. A detailed fleet schedule listing van make, model, age, and price per unit gives underwriters confidence in the asset values.
Most lenders will require a personal guarantee from directors for facilities of this size. Close Brothers expects a minimum turnover of £500,000 and one year of trading for asset finance from £25,000 upwards. Aldermore considers businesses trading from six months, with facilities from £1,000 to £10,000,000. Prepare a clear business case if the fleet is expanding. Explain how the new vans will generate revenue or reduce costs. Lenders at this level assess whole-life fleet costs, not just the monthly payment.
