Top 10 Lenders to Secure £700,000 Vehicle Finance in 2026
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Compare £700,000 vehicle finance lenders
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established businesses funding multiple HGVs or fleet expansion | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Firms needing fast decisions on commercial vehicle acquisitions | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Fleet operators financing HGV or trailer purchases at scale | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing transport businesses acquiring specialist fleet vehicles | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses comparing lease options across vehicle types | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Established operators wanting a high-street bank for fleet finance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-market firms acquiring haulage or construction vehicles | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | PEAC Solutions | Included for comparison; suited to specialist asset finance | Not published | interest 7% to 14.5% annually |
| 9 | Aldermore Asset finance | Businesses funding mixed vehicle fleets to larger values | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Larger firms needing bespoke terms on fleet funding | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance for commercial vehicles uses the vehicle or fleet itself as security, so repayment is backed by the equipment you are buying rather than property or personal assets. This structure suits established businesses because it preserves working capital and ties the borrowing directly to an asset that generates revenue. At £700,000, vehicle finance typically funds the purchase of multiple HGVs, a fleet of vans, or specialist construction vehicles.
Comparing vehicle finance lenders for £700,000 goes beyond the headline rate. Repayment structure varies: some lenders quote monthly fixed rates while others use annual percentages, and total cost can differ markedly between the two. Lender appetite for specific vehicle types also matters: a funder comfortable with standard fleet cars may not offer the same terms for heavy plant or specialist vehicles. Deposit requirements, balloon payment options, and early settlement terms all influence the real cost and flexibility of the facility.
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: A facility stretching to £5,000,000 makes Reward Funding a practical route for substantial fleet or commercial vehicle purchases. They fund against the asset itself, releasing capital without draining cash reserves. The revolving credit structure can also support repeat vehicle acquisitions over time. Expect security requirements and possible legal or valuation costs on larger deals.
Best next step: Check eligibility for fleet asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Large facility ceiling at £5 million
- Flexible revolving credit available
- 24-hour funding decision turnaround
Need to know
- Security required on all facilities
- Valuation costs may apply
- Rates from 0.99% monthly
Expert take
A secured asset lender with a revolving credit model that suits businesses acquiring vehicles in stages. For a £700,000 fleet purchase, their facility scale and flexible drawdown structure work in your favour.
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 prices vehicle finance transparently with annual interest from 11%, making cost comparison straightforward for businesses evaluating fleet funding options. They fund against commercial vehicles and equipment, preserving working capital while spreading costs across the asset's useful life. Asset eligibility checks and possible deposits apply.
Best next step: Compare annual-rate vehicle finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual interest from 11%
- Facilities from £10,000 to £2 million
- Funding decision within 24 hours
Need to know
- Asset eligibility checks required
- Deposits may be needed
- Rates reach 16% annually
Expert take
A straightforward asset finance provider with annual-rate pricing that makes cost comparison easier. For fleet-scale vehicle purchases, their asset-linked structure keeps repayments predictable without tying up business capital.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Decisions within 24 hours keep fleet acquisition timelines moving when you are ready to commit. Lombard funds vehicles and equipment against the asset itself, with facilities reaching £5,000,000. Monthly interest starts at 4%. Asset eligibility checks and possible deposits apply on higher-value deals.
Best next step: Request a same-day vehicle finance decision
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5 million facility size
- Same-day funding decisions
- Established asset finance track record
Need to know
- Monthly interest from 4%
- Asset valuations may be needed
- Deposits required on some deals
Expert take
A well-known asset finance name with the balance-sheet strength to handle large fleet transactions. Their 24-hour decision turnaround and £5 million ceiling suit businesses moving quickly on vehicle purchases.
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 brings a revolving credit model to vehicle funding, with annual rates from 5.5% and facilities reaching £5,000,000. Their structure can flex around seasonal fleet needs, supporting businesses that acquire vehicles in stages rather than one-off purchases. Suitability depends partly on broader business strength, not just the asset.
Best next step: Explore revolving credit for fleet purchases
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5.5%
- Revolving credit flexibility
- Facilities up to £5 million
Need to know
- Invoice finance also available
- Broader affordability checks apply
- Asset eligibility assessed case by case
Expert take
A flexible funder whose revolving credit model works where businesses need ongoing vehicle finance rather than a one-off purchase. For fleet acquisitions at this level, the annual-rate pricing and facility scale create genuine value.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Equipment and vehicle leasing is Admiral leasing's primary focus, with decisions returned in as little as 4 hours. Annual rates from 5.5% apply. They also provide secured term loans and property-backed facilities for broader funding needs. Asset eligibility checks and possible deposits apply on all facilities.
Best next step: Get a 4-hour leasing decision
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decision in as little as 4 hours
- Annual rates from 5.5%
- Equipment and vehicle specialist
Need to know
- Minimum facility from £1,000
- Secured lending only
- Asset eligibility checks apply
Expert take
A speed-focused equipment and vehicle leasing specialist whose 4-hour turnaround stands out for time-sensitive fleet deals. For a large vehicle purchase, the combination of competitive annual rates and rapid underwriting works in your favour.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: A high-street bank with asset finance capacity reaching £25,000,000, Barclays suits established businesses that value a familiar lending relationship for vehicle funding. They cover asset finance, revolving credit, and secured term loans under one roof. Expect bank-grade underwriting which can mean longer processing and stricter affordability checks.
Best next step: Apply for bank-backed vehicle finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Facilities up to £25 million
- Full-service business banking
- Broad asset finance coverage
Need to know
- Stricter bank underwriting applies
- Strong trading history needed
- Annual rates 8.5% to 14.9%
Expert take
A mainstream bank whose asset finance arm can handle substantial vehicle purchases alongside your existing banking relationship. For an established business funding fleet assets, the comprehensive product range and £25 million ceiling work in your favour.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Covering asset finance, secured term loans, and acquisition funding, Acorn Business Finance brings multiple product lines to vehicle finance requirements. Annual rates range from 8% to 15%. Their specialist and premium finance options suggest experience with complex or higher-value asset deals. Security and strong trading evidence are standard.
Best next step: Compare multi-product vehicle finance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Multiple finance products available
- Annual rates from 8%
- Facilities up to £5 million
Need to know
- Security required on facilities
- Strong trading history expected
- Specialist underwriting applies
Expert take
A multi-product finance house whose asset finance, term loan, and acquisition funding lines give businesses options beyond standard hire purchase. For vehicle purchases at this level, the facility scale and product breadth create genuine flexibility.
PEAC Solutions
Published loan rangeNot published
Rate typeinterest 7% to 14.5% annually
Overview: PEAC Solutions keeps vehicle finance straightforward, funding against the asset itself with annual rates from 7%. Their published rate band is narrower than some peers, which may simplify cost forecasting. Asset eligibility checks and possible deposits apply.
Best next step: Check competitive annual rates for fleet finance
More info
Company stats
Rates and debtor rules
Benefits
- Annual rates from 7%
- Asset-backed funding structure
- 24-hour funding turnaround
Need to know
- Loan range not published
- Asset eligibility checks apply
- Deposits may be required
Expert take
A competitive-rate asset finance provider whose starting annual rate of 7% appeals to cost-conscious businesses funding vehicle purchases. For a fleet acquisition, the asset-backed structure and predictable pricing work in your favour.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Annual rates from 5% are among the lowest starting points on this list, and Aldermore Asset Finance backs that with a lending appetite reaching £10,000,000. Their 48-hour funding timeline is slightly longer than some peers, so factor that into purchase negotiations. A versatile option for vehicle funding across different scales.
Best next step: Explore wide-range vehicle finance from 5%
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rates from 5%
- Facilities up to £10 million
- Broad lending appetite
Need to know
- 48-hour turnaround time
- Asset eligibility assessed
- Trading history requirements apply
Expert take
A flexible asset funder whose £10 million ceiling and competitive 5% starting rate suit businesses that need headroom beyond the immediate purchase. For a £700,000 vehicle acquisition, the low entry rate and broad appetite work in your favour.
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: Close Brothers has a particular focus on transport and construction, sectors where fleet and vehicle investments are common. Their bespoke monthly rates start at 3.5%, and facilities can stretch to £100,000,000. They target established mid-market businesses with turnover above £500,000. Underwriting is thorough and tailored to each asset.
Best next step: Check transport-sector vehicle finance rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Transport and construction focus
- Bespoke rates from 3.5% monthly
- Facilities up to £100 million
Need to know
- £500k minimum turnover expected
- Bespoke underwriting applies
- Mid-market business focus
Expert take
A mid-market specialist with deep transport-sector experience, making them a natural fit for fleet and commercial vehicle finance. For an established business investing in vehicles, their sector knowledge and bespoke pricing structure work in your favour.
Asset Finance Calculator
What vehicles can you finance with £700,000
At £700,000, vehicle finance typically covers commercial fleet purchases rather than single vans or cars. Common asset types include heavy goods vehicles, tipper trucks, mixer lorries and other construction plant, coach and bus fleets, and specialist vehicles such as refuse trucks or recovery vehicles.
Lenders on this page accommodate facilities well above £700,000. Close Brothers publishes a maximum of £100,000,000, while Barclays reaches £25,000,000 and Aldermore up to £10,000,000. This means a £700,000 facility sits comfortably within their lending appetite.
The vehicles must be identifiable assets that a lender can secure against. Most funders will require the assets to be new or nearly new, with clear resale value. Soft assets such as bespoke vehicle conversions may attract lower advance rates or require a larger deposit. For mixed fleets, you may structure the facility across multiple vehicles with a single finance agreement, simplifying administration.
Eligibility criteria for £700,000 vehicle finance
Lenders look at trading history, turnover, and the asset itself when assessing a £700,000 vehicle finance application. Among the providers listed, Close Brothers requires a minimum turnover of £500,000, reflecting the scale of borrowing at this level. Lombard sets a lower threshold at £25,000 turnover and one year of trading history. Aldermore accepts businesses from six months of trading with no minimum turnover requirement.
A personal guarantee is standard at this borrowing level. Reward Funding, Liberty Leasing, Time Finance, Aldermore, and Close Brothers all require one. No lender on this list requires homeownership as a condition.
Loan-to-value ratios vary. Aldermore offers up to 100% LTV, meaning no deposit is needed in some cases. Close Brothers caps at 90%, and Reward Funding at 85%. The deposit requirement will depend on vehicle type, its age, and your business credit profile. Stronger applicants with newer assets typically secure higher LTVs.
Interest rate expectations for high-value vehicle finance
| Lender | Rate type | Typical rate range |
|---|---|---|
| Reward Funding | interest | 0.99% to 3% monthly |
| Close Brothers | bespoke | 3.5% to 10% monthly |
| Lombard | interest | 4% to 11.5% monthly |
| Aldermore | interest | 5% to 15% annually |
| Barclays | interest | 8.5% to 14.9% annually |
Rates for £700,000 vehicle finance split between monthly and annual pricing structures. Reward Funding publishes the lowest range at 0.99% to 3% per month. Close Brothers offers bespoke rates from 3.5% to 10% per month, while Lombard sits between 4% and 11.5% per month.
On the annual side, Aldermore publishes rates from 5% to 15% per year and Barclays from 8.5% to 14.9% per year. Liberty Leasing and Time Finance fall into similar annual bands at 11% to 16% and 5.5% to 13.5% respectively. The rate you receive depends on asset type, deposit size, business credit strength, and term length. At £700,000, even small rate differences carry a meaningful cost impact, so comparing multiple quotes is essential.
Vehicle finance structures compared for fleet acquisition
At £700,000, choosing between hire purchase, finance lease, and alternative funding has significant cash flow and tax implications. Hire purchase gives you eventual ownership; you pay a deposit, make monthly repayments, and own the vehicles after the final payment. This suits businesses that want assets on their balance sheet and can claim capital allowances.
A finance lease keeps the vehicles off your balance sheet. You pay fixed monthly rentals and return the assets or extend the lease at term end. This works well for fleets with predictable replacement cycles. Operating leases bundle maintenance and can reduce administration burden.
Secured business loans offer an alternative route. Barclays offers terms up to 25 years on asset finance, far longer than typical vehicle finance agreements. This can lower monthly payments but may increase total interest cost. For a £700,000 fleet purchase, many businesses split the approach: HP for core fleet vehicles they intend to keep, and leasing for specialist vehicles that depreciate faster or need regular replacement. Speak to a broker to compare structures side by side.
