Top 10 Lenders to Secure £850,000 Van Finance in the UK (2026)
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Top £850,000 van finance lenders compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established fleet operators funding multiple vans at competitive monthly rates | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mixed-credit businesses seeking van finance up to £2 million | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Larger fleet operators needing substantial funding facilities up to £5 million | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Mid-market businesses building commercial fleets with transparent annual pricing | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Businesses comparing lease options for mixed commercial vehicle fleets | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Established businesses preferring high-street bank backing for fleet finance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | SMEs seeking broker-led asset finance for commercial vehicle acquisitions | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Businesses comparing flexible asset finance across a broad credit spectrum | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | UK businesses funding van fleets with a specialist asset finance provider | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established operators funding substantial fleet arrangements with bespoke pricing | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Van finance is asset-backed lending where the lender secures the agreement against the commercial vehicles being purchased. For fleet operators and established UK businesses, it offers a way to acquire multiple vans without tying up large amounts of working capital. VAT-registered companies can also reclaim VAT on repayments under a hire purchase arrangement, adding further tax efficiency. Businesses financing around £850,000 typically use this structure to build or refresh a commercial fleet under a single managed facility.
Choosing the right van finance lender at this level means looking past the headline rate. Total cost comparisons should cover arrangement fees, balloon payments, and early settlement charges across the full term. Lenders vary in how they assess residual values, which directly affects monthly repayments on commercial vehicles. Fleet flexibility on mileage caps, vehicle age, and mixed-brand portfolios matters as much as interest. A lender's track record with multi-vehicle facilities around this value also influences how smoothly the proposal progresses.
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: Lends from £100,000 to £5,000,000 and funds asset finance deals within 24 hours. The monthly interest structure, ranging from 0.99% to 3%, rewards businesses with strong asset backing. Expect to provide suitable security and budget for valuation or legal costs.
Best next step: Compare Reward Funding rates for van fleet finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5,000,000
- Funding completed within 24 hours
- Flexible drawdown for repeat vehicle purchases
Need to know
- Security required against the vehicles
- Valuation and legal costs may apply
- Monthly rate structure differs from annual pricing
Expert take
A larger-ticket asset finance house comfortable with deals in the high six figures. Works well for established fleet operators who can secure the borrowing against the vehicles themselves and move at pace.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Annual rates from 11% to 16% make Liberty Leasing a transparent cost option for financing an £850,000 van fleet. Funding is available within 24 hours, and the asset-backed structure helps preserve cash flow across the repayment term. Borrowers should expect the asset to serve as security and may need a deposit.
Best next step: See Liberty Leasing annual rates for commercial vehicle finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Transparent annual interest rates
- Funds released within 24 hours
- Asset-backed, preserving cash flow
Need to know
- Rates from 11% to 16% annually
- Deposit may be required
- Asset eligibility checks apply
Expert take
A straightforward asset finance provider that keeps pricing transparent with annual rates. Fits businesses that value rate clarity when financing a substantial van fleet.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard funds asset finance requests within 24 hours, with facilities available up to £5,000,000. The monthly rate model spans 4% to 11.5%, giving established fleet operators a fast route to acquiring £850,000 worth of commercial vehicles. The asset itself secures the borrowing, so a deposit or valuation may be needed.
Best next step: Check Lombard's terms for £850,000 van fleet funding.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5,000,000 available
- 24-hour funding turnaround
- Experienced in vehicle finance
Need to know
- Monthly interest rate model
- Asset serves as security
- Deposit or valuation may be needed
Expert take
A well-known name in asset-backed lending with deep experience in vehicle finance. Established businesses funding an £850,000 fleet benefit from the speed and the familiar process.
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 blends invoice finance with asset-backed lending, which can suit fleet operators who want to fund an £850,000 vehicle purchase while keeping working capital lines open. Annual rates run from 5.5% to 13.5%, and facilities can reach £5,000,000. Suitability depends on invoice quality and debtor concentration.
Best next step: Explore Time Finance asset and invoice finance for fleet purchases.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines invoice and asset finance
- Up to £5,000,000 facility size
- Annual rate structure
Need to know
- Suitability depends on invoice quality
- Debtor concentration is assessed
- Limits can be reviewed or withdrawn
Expert take
A hybrid lender blending invoice finance with asset-backed facilities. Suits fleet operators whose working capital needs extend beyond the vehicle purchase itself.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing starts from £1,000 for equipment and vehicle finance, with annual rates between 5.5% and 13.5%. Funding can arrive in as little as 4 hours, which helps established businesses move quickly on an £850,000 fleet purchase. May require strong trading history and a personal guarantee.
Best next step: Review Admiral leasing rates for quick van fleet finance.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding in as little as 4 hours
- Annual rates from 5.5%
- Low minimum facility of £1,000
Need to know
- Strong trading history may be required
- Personal guarantee may be needed
- Legal and valuation costs may apply
Expert take
A versatile equipment and vehicle funder with a low entry point. The 4-hour turnaround and annual-rate structure help established businesses lock in fleet deals quickly.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings bank-grade underwriting to asset finance, with an annual rate range of 8.5% to 14.9% and facilities stretching from £1,000 to £25,000,000. For an established business financing an £850,000 van fleet, the brand recognition and broad product coverage add reassurance. Expect a longer, more thorough underwriting process than with alternative lenders.
Best next step: Compare Barclays asset finance for established fleet operators.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Brand recognition and stability
- Facilities up to £25,000,000
- Broad product coverage
Need to know
- Bank underwriting can be slower
- Strong financials typically required
- Personal guarantee may be needed
Expert take
A high-street banking heavyweight whose asset finance arm can handle large fleet purchases. The thorough underwriting rewards businesses with strong financials and a clean credit profile.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: A £15,000-to-£5,000,000 lending band and 24-hour funding make Acorn Business Finance a practical fit for £850,000 van fleet finance. Annual rates run from 8% to 15%, and the asset-backed structure keeps cash flow intact during repayment. Borrowers may need to provide affordability evidence and a personal guarantee.
Best next step: Check Acorn Business Finance rates for van fleet funding.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Lends up to £5,000,000
- Funding within 24 hours
- Annual rates for cost clarity
Need to know
- Strong trading history may be required
- Personal guarantee may be needed
- Security and valuation costs apply
Expert take
A mid-to-large ticket asset finance provider with a broad product set. The £5,000,000 ceiling and 24-hour funding timeline suit businesses scaling their commercial vehicle fleet.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance prices asset finance from 5% to 20% annually, with facilities starting at just £500. The 2-to-5-day funding window suits fleet operators who can plan an £850,000 vehicle purchase with a short lead time. The asset itself secures the borrowing, so expect deposit or valuation requirements.
Best next step: Review Propel Finance terms for commercial vehicle purchases.
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Low starting facility at £500
- Annual rates from 5%
- Asset-backed, protecting cash flow
Need to know
- Funding takes 2 to 5 days
- Rates can reach 20% annually
- Deposit or valuation may apply
Expert take
A high-volume asset funder with a low minimum and wide rate band. Established businesses with good credit can secure competitive pricing on an £850,000 fleet.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset finance turns applications around within 48 hours, with annual rates ranging from 5% to 15% and facilities available up to £10,000,000. For an established business funding an £850,000 van fleet, the rate band and facility headroom offer useful flexibility.
Best next step: Compare Aldermore Asset finance rates for van fleets.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £10,000,000
- Annual rates from 5%
- 48-hour turnaround
Need to know
- 48-hour funding, not instant
- Product fit needs confirming
- Asset eligibility checks apply
Expert take
A lender with significant facility headroom and mid-range annual rates. The 48-hour turnaround suits fleet operators who can plan a few days ahead.
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 uses bespoke monthly pricing from 3.5% to 10% on asset finance facilities that can reach £100,000,000. The 24-hour funding timeline and mid-market focus suit established fleet operators acquiring £850,000 in commercial vehicles. Suited to businesses with £500k-plus turnover in transport or manufacturing.
Best next step: See Close Brothers bespoke pricing for fleet finance.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £100,000,000
- 24-hour funding timeline
- Bespoke pricing for large deals
Need to know
- Monthly bespoke rate structure
- £500k-plus turnover often expected
- Best suited to transport and manufacturing
Expert take
A mid-market specialist with a transport and manufacturing pedigree. Bespoke monthly pricing and a £100,000,000 ceiling make it a natural home for substantial fleet finance.
Asset Finance Calculator
Tax benefits of £850,000 van finance for UK businesses
Financing vans at the £850,000 level carries meaningful tax advantages. Under a hire purchase agreement, your business can claim the full cost of the van against the Annual Investment Allowance (AIA), currently set at £1 million. This means you could write down the entire £850,000 in the year of purchase, reducing your corporation tax bill significantly.
With a finance lease, the lessor retains ownership and claims the capital allowances, but your business can deduct the full lease rental payments as a trading expense. Both structures are VAT-efficient for registered businesses: you reclaim the VAT on the purchase price upfront under HP, or reclaim VAT on each lease payment as you go.
Speak with your accountant before choosing a structure, as the most tax-efficient route depends on your profit position, cash flow, and whether you intend to keep the vans long term.
Comparing hire purchase and finance lease for £850,000 van finance
At the £850,000 level, the choice between hire purchase and finance lease shapes your balance sheet, tax position, and long-term fleet strategy.
| Feature | Hire Purchase | Finance Lease |
|---|---|---|
| Ownership | You own after final payment | Lessor retains ownership |
| Capital allowances | You claim | Lessor claims |
| VAT treatment | Reclaim upfront | Reclaim per payment |
| Balance sheet | Asset and liability | Off-balance-sheet (usually) |
| Best for | Long-term fleet ownership | Regular vehicle replacement |
Lenders on this page offer both structures. Close Brothers, for example, publishes a maximum facility of £100 million for asset finance, while Barclays extends up to £25 million, giving substantial headroom for fleet operators. Reward Funding covers amounts from £100,000 to £5 million, making it a strong fit for the £850,000 bracket.
Fleet maintenance and mileage planning for £850,000 van finance
When financing vans worth £850,000, whole-life costs matter as much as the monthly payment. Most finance agreements separate the vehicle cost from ongoing maintenance, but some lenders and brokers can bundle servicing, tyres, and breakdown cover into a single monthly figure.
Mileage is a critical variable, particularly on finance leases. Lenders set annual mileage limits, and exceeding them triggers excess-mileage charges at the end of the agreement. If your fleet covers high or unpredictable distances, a hire purchase structure removes this risk entirely, since you own the vans outright.
Liberty Leasing and Lombard both serve the asset finance market with facilities that can accommodate fleet-scale borrowing. Liberty Leasing offers amounts from £10,000 to £2 million, while Lombard publishes rates from 4% to 11.5% per month for asset-backed facilities. For an £850,000 van fleet, confirm mileage terms and maintenance options before committing.
Protecting working capital with £850,000 van finance
Paying £850,000 upfront for a fleet of vans drains cash that could otherwise fund stock, recruitment, or expansion. Asset finance spreads the cost across one to seven years, depending on the lender and the expected working life of the vehicles.
Several lenders on this list support terms that align with vehicle depreciation cycles. Aldermore Asset Finance offers terms from one to seven years, with a maximum facility of £10 million and a maximum loan-to-value of 100%. Time Finance and Acorn Business Finance both publish maximum facilities of £5 million, comfortably covering the £850,000 requirement while leaving room to add vehicles later.
A well-structured finance agreement preserves cash reserves for day-to-day operations, and at this borrowing level, even a modest improvement in rate can translate into thousands of pounds saved. Compare published rates carefully: annual rates across this panel range from around 5% to 16%, with Barclays at 8.5% to 14.9% annually and Time Finance quoting 5.5% to 13.5% annually.
