Why businesses choose vehicle finance

Buying vehicles outright ties up capital. Vehicle finance lets businesses preserve working capital, scale fleets fast and spread cost over time. Finance can also deliver tax advantages depending on product and business use — which is especially important for businesses replacing multiple vehicles or upgrading to electric fleets.

• Preserve cash flow — pay monthly rather than lump-sum.
• Scale quickly — add vehicles without large capital outlay.
• Access newer / cleaner vehicles — lower maintenance and emissions.
• Flexible structures — hire purchase, leases, balloon options and refinancing.

How Fast Business Loans supports your vehicle funding journey

We are a specialist introducer: we don’t lend. Instead we match your company to brokers and lenders who understand commercial vehicle funding. Tell us about your business and vehicle needs, and we’ll connect you to providers with the best chance of success.

No-fuss matching

Complete one short enquiry and we’ll review it against our panel. You’ll typically hear from matched partners within hours during business hours.

Transparent introducer — not a lender

We make introductions only. Any offer or agreement comes directly from the broker or lender and will include their terms and credit checks. Your enquiry is free and without obligation.

Free Eligibility Check — Get Your Vehicle Finance Quote

Vehicle finance products available via our UK panel

Below are the common products our partners provide. Exact features and availability depend on lender criteria and the vehicle(s) involved.

Illustrations above are for guidance only. Product suitability and terms depend on lender assessment.

Vehicles we commonly source finance for

• Panel vans and light commercial vehicles (LCVs)
• HGVs, box trucks and tippers
• Electric vans and low-emission vehicles (EV funding)
• Specialist vehicles (refrigerated trucks, conversions)
• Plant on wheels and vehicle-mounted equipment

For guidance on electric vehicle funding and incentives, tell us your sustainability goals in the enquiry so we can match you with experienced brokers.

Simple 4-step vehicle finance enquiry

1. Complete a short enquiry — a few business details and the vehicle(s) you want. Takes less than 2 minutes. Start my enquiry.
2. We match you — your details are shared with selected brokers/lenders best suited to your sector and request.
3. Receive offers — matched partners contact you to confirm eligibility and provide indicative quotes.
4. Compare and decide — review written offers and proceed directly with the lender/broker you choose.

Fast responses are typical; completion times vary by product and documentation readiness.

Eligibility, documentation and what lenders look for

Who can apply?

Limited companies and other UK-incorporated businesses with a minimum finance requirement of around £10,000 and above. Our partners commonly support businesses trading for a few months up to many years — specialist brokers can help newer companies too.

Typical lender requirements

• Evidence of trading and turnover (accounts or management accounts)
• Recent business bank statements
• Director ID and proof of address
• Vehicle details: age, mileage, intended use, VAT status
• Credit history and affordability checks (formal checks only when proceeding)

Documents checklist

Prepare 3–6 months of bank statements, latest accounts (or M.I.), VAT registration if applicable, proof of vehicle invoice or quote, and ID for directors.

Understanding costs, rates and responsible borrowing

Rates and fees depend on product, loan size, vehicle age and business credit profile. Typical factors influencing pricing:

• Loan amount and term
• Deposit or initial rental
• Vehicle residual value / condition
• Sector risk and credit history

Make sure any lender provides full APR and fees in writing before you commit. If you’d like a quick comparison, get a free eligibility check.

Benefits of broker & lender matching vs going direct

• Save time — one enquiry reaches multiple specialist partners.
• Sector expertise — brokers match your application to suitable lenders.
• Potentially higher acceptance rates — routed to lenders who understand your business.
• Access to niche products and flexible structures.

Real-world vehicle finance support

Tips to strengthen your vehicle finance application

1. Have recent bank statements and management accounts ready.
2. Be clear about intended vehicle use and mileage — transparency helps.
3. Keep VAT and tax affairs up to date where relevant.
4. Consider a sensible deposit or initial rental to lower monthly cost.
5. If you have adverse credit, mention it in the enquiry — some brokers specialise in such cases.
6. Compare total cost of ownership, not just monthly payments (maintenance, fuel, insurance).

Vehicle finance FAQs

Can I finance electric vans?

Yes — many partners finance EVs. Tell us in your enquiry about charging plans and sustainability goals so we can match you to the right expert.

Do I need a deposit for hire purchase?

Deposits commonly range from 5–20%, though some lenders may offer 100% finance depending on profile and vehicle. Expect options to vary by broker.

How fast can I receive an approval?

Initial responses from brokers or lenders usually arrive within hours; full approvals depend on document turnaround and product (often days to a couple of weeks).

Will an enquiry affect my credit score?

No — our initial eligibility checks are soft and don’t affect credit. Lenders perform formal searches only when you choose to progress.

Can I finance used vehicles or auction purchases?

Yes, many lenders will finance used commercial vehicles. Auction purchases can be financed but may have additional conditions — declare auction details in the enquiry.

What happens at the end of a lease?

Options depend on product: return the vehicle, pay a balloon to own, or refinance/re-lease. Your matched broker will explain end-of-term choices.

Get matched to vehicle finance specialists today

Ready to explore options? Complete a short, no-obligation enquiry and we’ll match you to the brokers and lenders best suited to your business and vehicle requirements. Typical deals arranged start from £10,000 upwards.

Get Quote Now — Free Eligibility Check

• Free service | No obligation
• Responses often within hours
• Matched to experienced UK finance partners

Looking for more detail about our vehicle lending options? Read our wider guide to vehicle finance at vehicle finance.