Commercial vehicle financing helps sole traders, limited companies, partnerships and fleet
operators spread the cost of new or used vans, trucks and specialist working vehicles.
Streamline Car Finance is an FCA-authorised credit broker with access to a panel of
lenders. We compare available agreements, explain the total costs and help you find funding
suited to the vehicle, your budget and the way your business operates.
We can help with one vehicle, a replacement for an ageing van or several vehicles needed
to expand a fleet. Our team will guide you from your first enquiry through to collection or
delivery.
Call 0161 968 3449 or apply now for a free, no-obligation quote.
Finance For Vans, Trucks And Working Vehicles
A commercial vehicle can carry tools to site, transport stock, complete deliveries or help your
team take on more work. If it is unreliable or no longer suitable, delays and repair bills can
affect the whole business.
We can look at funding for many new and used vehicles, subject to lender criteria, including:
● Panel vans, crew vans and pick-up trucks
● Tippers and dropside vehicles
● Refrigerated vans, minibuses and recovery vehicles
● Trucks, lorries and tractor units
● Specialist vehicles fitted for a particular trade
Lenders usually consider the vehicle’s price, age, mileage, condition and intended use. We
will discuss your deposit, monthly budget and how long you expect to keep the vehicle.
Businesses funding cars alongside working vehicles can compare our wider business
vehicle finance options.
Commercial Vehicle Financing Options
The right agreement will reflect your ownership plans and budget. We will explain the
deposit, term, APR, total amount payable and any final payment before you decide.
Hire Purchase
Hire Purchase divides the cost between a deposit and fixed monthly repayments. Once all
required payments and any option-to-purchase fee have been made, ownership transfers to
the business.
This can suit businesses that plan to keep a van or truck for several years. Standard Hire
Purchase does not normally include a large balloon payment. Our business Hire Purchase
page explains the arrangement in more detail.
Lease Purchase
Lease Purchase defers part of the vehicle’s cost to a final balloon payment, which can
reduce the regular monthly commitment. That final amount is not optional and needs to be
planned for.
The business can pay it, apply to refinance it or sell the vehicle and use the proceeds,
subject to the lender’s terms. It can suit companies that intend to own the vehicle.
Business PCP
PCP may be available for some vehicles. Deferring part of the value to an optional final
payment can lower the monthly repayments.
At the end, the business may be able to return the vehicle, pay the final amount to keep it or
use any equity towards another agreement. Mileage and condition rules apply if it is
returned. Business PCP can suit businesses that change vehicles regularly.
Why Finance A Commercial Vehicle?
Buying outright can take a sizeable amount from the business at once. Monthly payments
can leave more working capital available for stock, wages, fuel, insurance and other costs.
They also give you a defined figure for regular budgeting.
Funding may help your business:
● Replace an unreliable vehicle before downtime increases
● Add capacity when higher demand creates more work
● Access a vehicle fitted for the job
● Spread the purchase cost over an agreed term
● Plan spending through fixed monthly repayments
Larger transport and haulage businesses may need funding built around heavier vehicles.
Streamline provides dedicated HGV finance support for lorries, tractor units and other heavy
commercial vehicles.
New And Used Commercial Vehicle Finance
We can help with both new and used commercial vehicles. A new model may offer improved
fuel efficiency, a manufacturer warranty and the chance to choose a suitable specification. A
used vehicle can lower the purchase price and may be available sooner.
Age, mileage, value and condition can affect the available term and deposit for a used
vehicle. Specialist conversions may also require a lender familiar with that type of asset.
If you have found a vehicle, send us its details and the supplier information. If not, we can
discuss your requirements and budget before you commit to a purchase.
Applications For Established And New Businesses
Lenders assess each application using the business circumstances, affordability and the
vehicle being purchased.
You may be asked to provide:
● Business and director details
● Recent bank statements, accounts and income evidence
● Your preferred deposit, term and vehicle information
Newer companies may still be able to obtain funding, although a shorter trading history can
limit the options. A lender may ask for a larger deposit or a director’s personal guarantee.
Approval is never guaranteed, but we can approach lenders whose criteria match the
application. Our asset finance service also covers machinery and other business equipment.
Why Choose Streamline Car Finance?
We take the time to understand what the vehicle needs to do, how long you want to keep it
and what the business can comfortably afford.
As a credit broker, we can compare options from a panel of finance providers. Our team will:
● Discuss the vehicle, deposit and monthly budget
● Explain the available agreements thoroughly
● Show the APR, total amount payable and any final payment
● Prepare and submit the application
● Keep you updated through to collection or delivery
Rates start from 8.9%, subject to status and lender criteria. The rate offered may vary
according to the business, vehicle and agreement.
Frequently Asked Questions
Can I Finance A Used Commercial Vehicle?
Yes. Funding can be available for used vans, trucks and other working vehicles. Lenders will
assess the age, mileage, condition and value before confirming the available term and rate.
Do I Need To Pay A Deposit?
The deposit requirement varies between lenders and agreements. A larger initial payment
reduces the amount borrowed and may lower the monthly repayments. Low-deposit or no-
deposit options could be available, subject to status and lender approval.
Can A Start-Up Apply?
Some lenders consider start-ups and recently formed businesses. They may review the
directors’ experience, bank statements, expected income, vehicle choice and deposit. A
personal guarantee could also be requested.
Can My Business Reclaim VAT Or Claim Tax Relief?
VAT recovery and tax treatment vary according to the vehicle, agreement and how it is used.
Cars and commercial vehicles can be treated differently. Speak to your accountant or tax
adviser for guidance based on your business.
Request Your Free Quote
Tell us which vehicle you need, your preferred deposit and your monthly budget. We will
compare suitable lender options and explain the costs clearly. For a free, no-obligation
commercial vehicle financing quote, contact us or call 0161 968 3449.