Business vehicle finance deals

Business car finance helps you get the vehicles your business needs without paying the full amount upfront, all in one go. Instead, you spread the cost over time with manageable monthly payments - making it easier to manage cash flow and invest in growth.

There are a few ways to do this:

• Leasing: Pay monthly to use a vehicle for a set period. At the end of the term, you can either hand it back or sometimes choose to buy it.

• Loan: Buy the vehicle outright with a business loan and pay it off in instalments.

• Flexible plans: Some finance options mix leasing and loan features to give you more choice, depending on what works best for your business.

Whether you’re running one van or building a full fleet - business car finance can make it easier to get the vehicles you need.

There are a few options available when getting finance for a business vehicle, especially a new one.

Many manufacturers offer deals directly, including contract hire, hire purchase, and full-payout leasing.

You can get finance to buy a wide range of business vehicles, including cars, vans, tractors, buses/coaches and HGVs.

Discounts and 0% finance deals are sometimes available when purchasing new vehicles directly from manufacturers too, so it's worth exploring all available options before making a decision.

You can go to a bank or other lender, a general car dealer or a specialist leasing firm to pick up a vehicle.

If you're planning to upgrade to an electric vehicle, you might find you can access a little more finance than otherwise.

That's because as well as being able to find finance for a new vehicle, you can access green loans too. These are sometimes offered by some providers to businesses.

On top of that, there are government grants and incentives to help the UK's transition to Net Zero.

You can see what support is available near you on the British Business Bank page for SMEs here.

FAQs