Vehicle Finance for UK Businesses
Summary: Fast Business Loans connects UK limited companies and incorporated businesses with brokers and lenders who specialise in commercial vehicle finance. We act as an introducer (not a lender) and can match you with options for hire purchase, leasing, refinancing, fleet finance, EV funding and specialist vehicle finance for deals from around £10,000 upwards. Complete a short, no‑obligation enquiry and we’ll match you to the best providers for your needs. Get Started – Free Eligibility Check
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
What is business vehicle finance?
Business vehicle finance refers to the range of funding options that allow companies to acquire, lease or refinance commercial vehicles. Typical vehicles include vans, rigid trucks, articulated HGVs, minibuses, specialist plant, and electric commercial vehicles.
Types of vehicle finance commonly used by businesses:
- Hire Purchase (HP) and Conditional Sale – buy and eventually own the vehicle.
- Finance Lease and Operating Lease – off‑balance-sheet options for many firms.
- Business Contract Hire – fixed monthly rentals for fleets.
- Asset refinance – release equity from vehicles already owned.
- Specialist EV finance – tailored for low‑emission vehicles and charging solutions.
Get Your Free Vehicle Finance Quote
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
When vehicle finance makes sense for UK SMEs
Vehicle finance is often the right choice when businesses want to conserve cash, replace ageing vehicles, grow a fleet quickly or access specialist products (for example, EVs or refrigerated vehicles) without a large capital outlay.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
Common business reasons to finance a vehicle:
- Protect working capital and avoid tying up cash in depreciating assets.
- Expand delivery or service capacity quickly to meet demand.
- Upgrade to low‑emission vehicles for environmental or operating cost benefits.
- Refinance costly existing agreements to improve monthly cash flow.
Across transport and logistics, modernising fleets can also reduce running costs and help meet compliance and emission targets.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
Vehicle finance solutions available via our broker panel
Hire Purchase & Conditional Sale
Overview: HP and conditional sale allow a business to buy a vehicle with fixed repayments. Ownership transfers once the contract is complete (or after final payment).
- Best for: Businesses wanting to own the vehicle at the end of the term.
- Typical terms: Deposits 0–30%, terms 24–60 months. APR and deposit depend on lender assessment.
Rates and terms depend on lender assessment.
Finance Lease & Operating Lease
Overview: Lease options let businesses rent vehicles for an agreed term. Finance leases transfer most risk to the hirer; operating leases are often off‑balance-sheet and include maintenance packages.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
- Best for: Companies that prefer predictable costs and don’t necessarily want ownership.
- Typical terms: Terms 24–60 months; maintenance and mileage caps vary.
Rates and terms depend on lender assessment.
Business Contract Hire (BCH)
Overview: Fixed monthly contract hire for fleets with optional maintenance and replacement packages — ideal for businesses that want simple budgeting.
- Best for: Larger fleets, SME operators seeking predictable operating costs.
- Typical terms: Mileage limits, wear & tear clauses, contract lengths usually 24–48 months.
Rates and terms depend on lender assessment.
Asset Refinance & Equity Release
Overview: Release cash from vehicles you already own by converting them into lending security. Useful to free working capital without selling assets.
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
Complete Our 1-Minute Enquiry Form Now – Get a No-Obligation Quote
Our Business Finance Matching Process
Step 1
Complete Your Details
It takes just 1 minute on average to complete your business and contact details.
Step 2
We Match Your Business
With the best business finance broker or lender most suitable for your needs.
Step 3
You Get Free Quote + Advice
You receive a free quote along with complimentary expert financial advice.
It’s fast and free to get a quote from one of the UK’s leading finance brokers / lenders who will contact you directly with your quote/s.
- Best for: Businesses needing liquidity while retaining use of vehicles.
- Typical terms: Advance rates based on asset value, lender valuation required.
Rates and terms depend on lender assessment.
Specialist & EV Finance
Overview: Finance designed for electric vehicles, specialist conversions and adapted vehicles. Packages can include charging infrastructure and incentives advice.
- Best for: Businesses switching to EVs or requiring adapted/specialist vehicles.
- Typical terms: Flexible deposits; some lenders offer incentives for low‑emission vehicles.
Rates and terms depend on lender assessment.
Compare Vehicle Finance Options
Learn more about our broader vehicle business finance approach on our pillar resource for vehicle finance: vehicle finance.
Eligibility criteria & required information
Each lender sets its own criteria, but common information helps speed the process. Initial enquiries do not affect your credit file.
Business profile
- Company name and registration number
- Trading history (years trading)
- Annual turnover and recent performance
- Directors’ details and consent for checks if required
Vehicle & transaction
- New or used vehicle details (make, model, mileage)
- Supplier quote or invoice
- Planned contract length and mileage
Documentation lenders commonly ask for: recent company accounts, bank statements (typically 3–6 months), VAT registration (if applicable) and proof of identity for directors.
Costs to consider before you finance a vehicle
Understanding all costs helps you compare offers fairly. Lenders set rates and fees based on risk, sector and vehicle type.
- Deposit — may reduce monthly payments and APR.
- APR and interest — compare APRs, not just monthly amounts.
- Fees — arrangement/setup fees, documentation fees and early settlement charges.
- Residual/balloon payments — common on HP and some lease deals.
- Insurance, maintenance and breakdown cover — sometimes included in lease deals but often extra.
Illustrative example (for guidance only): A £30,000 van on a 48‑month HP with a 10% deposit (£3,000) and representative APR of 8% could produce monthly repayments in the region of £650–£700, depending on fees and final terms. Illustrative only — actual rates depend on lender assessment.
Fast Business Loans is an introducer. Rates and fees are set by lenders and brokers; we cannot guarantee approval.
How Fast Business Loans connects you with vehicle finance specialists
Our process is designed to be fast and non‑intrusive. It starts with a short enquiry and ends with matched providers contacting you with tailored options.
- Complete a short enquiry with basic business and vehicle details — it takes under 2 minutes.
- We match you to brokers and lenders best suited to your sector and vehicle type.
- Matched partners contact you with eligibility guidance and quote options.
- You compare offers, decide and progress directly with the lender/broker.
Initial enquiries do not affect your credit score. Our service is free and without obligation.
Vehicle finance across key UK sectors
Logistics & Transport
Vans and HGVs for last‑mile and long haul fleets. Finance often includes maintenance and fuel efficiency upgrades.
Tip: Consider EVs for last‑mile where charging and low operating costs justify the investment.
Construction & Trades
Tipper trucks, welfare units, plant‑carrying vehicles and pickup fleets. Lenders can structure finance around seasonal revenues.
Agriculture & Rural Businesses
4x4s, tractors on trailers and specialist animal transport. Asset refinance can free cash for seasonal peaks.
Passenger Transport & Mobility
Minibuses, accessible vehicles and coach finance with options for compliance and adaptations.
Retail & Delivery
Last‑mile EV vans and refrigerated units. Consider total cost of ownership including charging and range for EVs.
Comparing vehicle finance offers responsibly
When comparing offers, use a checklist rather than just the headline monthly payment.
- Compare APR and total amount payable.
- Check deposit, fees and balloon/residual amounts.
- Understand mileage limits, fair wear & tear and end‑of‑term options.
- Ask about early settlement charges and transferability for fleet contracts.
- Confirm maintenance, insurance and breakdown cover responsibilities.
Ask lenders or brokers to explain any terms you don’t understand. If you’re unsure, get independent advice before signing an agreement.
Application checklist: what to prepare before you apply
- Company details (registered number, address).
- Recent company accounts or management accounts.
- 3–6 months’ business bank statements.
- Supplier invoice or vehicle order confirmation.
- Director ID and address verification.
- Projected mileage and intended usage.
Having these ready speeds up the quote process and can improve the quality of matches from our panel.
Tips to improve your chances of approval
- Provide clear, up‑to‑date accounts and bank statements.
- Be realistic about expected mileage and vehicle use.
- Consider a higher deposit to reduce monthly costs and increase acceptance chances.
- Demonstrate stable cash flow or an order book for seasonal businesses.
- Disclose any previous finance issues up front — brokers can often find suitable specialist lenders.
We never promise approvals; our role is to match you to lenders most likely to consider your case.
Responsible borrowing & key considerations
Only borrow what your business can afford. Defaulting on vehicle finance can lead to asset repossession and harm to business credit.
Before you accept any offer, check affordability over the full term and consider the total cost of ownership: finance, insurance, servicing and fuel or charging costs.
Why businesses choose Fast Business Loans for vehicle finance
Fast Business Loans makes it simple and quick to explore vehicle finance options without the need to search dozens of lenders yourself. Our benefits:
- Speed — short enquiry and rapid matches to specialist brokers or lenders.
- Choice — access to a broad panel covering HP, leasing, BCH, EV and specialist funding.
- Sector expertise — matches based on vehicle type and industry needs.
- Secure handling — we only share details with partners who can help.
- Free & no obligation — you choose whether to proceed after receiving quotes.
Frequently asked questions
Does Fast Business Loans provide vehicle finance directly?
No. We introduce you to trusted brokers and lenders who provide finance. Fast Business Loans is an introducer and does not lend money or offer regulated financial advice.
Can new businesses get vehicle finance through your partners?
Yes. Many partners will consider newer companies, though they may require additional information such as a business plan, guarantors or a larger deposit. Each lender’s criteria differ.
Will an enquiry affect my credit score?
No — submitting an initial enquiry through our form does not affect your credit rating. Matched lenders may perform checks only if you progress an application with them.
What deposit is typically required for commercial vehicle finance?
Deposits vary. Some lenders accept 0% on certain deals; others ask for 10–30% depending on vehicle age, condition and the business profile.
Do your partners finance electric or specialist vehicles?
Yes. Our panel includes specialists in EV and adapted vehicle finance, including packages that consider charging infrastructure and incentives.
How quickly could I receive a quote?
After submission you’ll usually hear from a matched broker or lender within a few hours during business hours. Full formal offers take longer, depending on documentation and valuations.
Can I refinance existing vehicle finance agreements?
Often yes. Many lenders offer refinance or consolidation options — tell us your current agreement details and we’ll try to match you to suitable partners.
– What is business vehicle finance and how does it work?
Business vehicle finance lets UK companies acquire, lease or refinance vans, trucks, HGVs, EVs or fleets via products like hire purchase, leasing and contract hire with fixed monthly costs.
– Is Fast Business Loans a lender?
No — Fast Business Loans is an introducer that matches UK businesses with vetted brokers and lenders; we don’t lend or provide regulated financial advice.
– Will submitting an enquiry affect my credit score?
No — completing our initial enquiry won’t affect your credit score; checks only happen if you proceed with a matched provider.
– What vehicle finance options can I compare?
You can compare hire purchase and conditional sale, finance lease, operating lease, business contract hire, asset refinance and specialist EV funding.
– Who is eligible and what’s the minimum amount?
We typically match limited companies and incorporated businesses seeking around £10,000 or more, with eligibility determined by each lender’s assessment.
– Do you support start-ups or businesses with adverse credit?
Yes — many partners consider start-ups or firms with limited or previous credit issues, often with a larger deposit, guarantor or extra information.
– How quickly will I receive quotes and funding?
You’ll usually hear from a matched broker or lender within a few business hours, while funding speed depends on documents, valuations and lender processes.
– Can I finance new, used, specialist or electric vehicles and fleets?
Yes — our panel funds new and used vans, HGVs, minibuses, specialist plant and EVs, and can arrange fleet finance with optional maintenance packages.
– What deposit and rates should I expect?
Deposits typically range from 0–30% and APR, fees and terms vary by vehicle type and business profile, with balloons/residuals on some deals.
– What information do I need for the enquiry, and is it an application?
It’s a short, free, no‑obligation enquiry (not an application) asking for basic business and vehicle details, with lenders later requesting accounts, bank statements and director ID if you proceed.