Vehicle Finance for UK Businesses | Fast Business Loans

Quick summary: Fast Business Loans connects UK limited companies and growing businesses with specialist brokers and lenders for vehicle finance (from £10,000+). We are not a lender and we do not give financial advice — we match your enquiry (free, no obligation) to providers who can offer tailored quotes for vans, HGVs, electric vehicles and fleets. Submit a Free Eligibility Check to get matched: Get Quote Now.

Contents

• Why this service helps
• How Fast Business Loans works
• Vehicle finance options we can introduce
• Vehicles we commonly help finance
• Typical eligibility & what lenders look at
• Costs, rates & factors that affect your quote
• Why companies choose Fast Business Loans
• What happens after you submit your enquiry
• Responsible business borrowing
• Vehicle finance FAQs
• Start your vehicle finance enquiry

Fast, fair vehicle finance matching for UK firms

Securing vehicle funding can be time-consuming and full of technical terms. Fast Business Loans simplifies the process: tell us about your business and the vehicles you need, and we introduce you to brokers and lenders that specialise in commercial vehicles and fleets. We are a broker-matching service — not a lender — and using our service is free and carries no obligation. Enquiries do not affect your credit score.

Free Eligibility Check →

How Fast Business Loans helps you secure vehicle finance

We make matching straightforward so you waste less time and get better-fitting options fast. Our usual 4-step process:

1. Complete a short enquiry — basic business details, funding amount, vehicle type and contact info. It takes around 2 minutes and won’t impact your credit score. Get Started.
2. We match you — your enquiry is shared securely with selected brokers/lenders who specialise in the vehicle or sector you indicate.
3. Receive tailored quotes — matched partners contact you by phone or email with options, typical terms and next steps.
4. Compare and decide — review offers and proceed directly with the partner you choose. You remain in control; there’s no pressure to accept.

We handle your data securely and only share it with relevant partners to get you accurate quotes quickly.

Vehicle finance options we can introduce (not exhaustive)

Different products suit different businesses. Below are common options brokers can offer and the typical use-cases.

Hire Purchase (HP)

• What it is: You pay an initial deposit (sometimes) then fixed monthly repayments. Ownership transfers after the final payment.
• Use-case: Businesses wanting to own the vehicle at the end of the term.
• Typical terms: 2–5 years; deposit 0–20% depending on lender; suitable for new and used vehicles.

Lease Purchase

• What it is: Similar to HP but often designed for businesses with VAT-registered purchases and larger assets.
• Use-case: Companies wanting ownership but with structured payments and potential balloon/residual.

Finance Lease

• What it is: Lender owns the vehicle during the lease; you pay rentals. At term end you may have purchase or return options depending on the agreement.
• Use-case: Businesses that want off-balance-sheet flexibility (depending on accounting treatment).

Contract Hire (Operating Lease)

• What it is: Long-term rental with fixed monthly payments. Maintenance packs often optional. Vehicle returned at end of contract.
• Use-case: Businesses that prefer replacement cycles without ownership responsibilities; popular for company cars and managed fleets.

Fleet Finance & Fleet Leasing

• What it is: Solutions tailored to multiple vehicles with consolidated billing, maintenance and replacement planning.
• Use-case: Operators upgrading fleets, managing costs and EV rollouts.

Refinance & Settlement Options

• What it is: Replacing or restructuring existing vehicle finance to improve cashflow or reduce monthly costs.
• Use-case: Firms consolidating multiple agreements or refinancing costly arrangements.

Each option has pros and cons — brokers will outline total cost, APR equivalents, balloon payments and end-of-term responsibilities so you can compare fairly.

Vehicles we commonly help finance

Our partners specialise across a wide range of commercial vehicles:

• Vans & LCVs — small vans to 3.5t panel vans for deliveries and trades.
• HGVs & Lorries — rigid bodies, tippers and tractor units for haulage fleets.
• Company cars & EVs — electric vehicles, hybrids and charging infrastructure packages.
• Specialist vehicles — refrigerated vans, construction vehicles, agricultural machines and conversions.

For example, if your business is upgrading to low-emission vehicles, brokers can source tailored packages for EV fleets and help identify options that include charging infrastructure. For more on commercial vehicle finance, see our pillar on vehicle finance.

Typical eligibility & what lenders look at

Each lender has its own criteria, but these are commonly assessed:

• Trading history and company structure (limited companies usually preferred).
• Annual turnover and gross profit — to evidence ability to repay.
• Director credit profiles — personal guarantees may be requested for newer businesses.
• Existing finance commitments and affordability calculations.
• Vehicle age, mileage and intended use (commercial vs private use affects terms).
• Deposit level or equity in the asset; many lenders expect deals of £10,000 and upwards.

There are options for businesses with limited trading history or previous adverse credit — brokers on our panel work across specialist lender panels to improve chances of a successful application.

Check Eligibility in Minutes

Costs, rates & factors affecting your quote

Quotes vary because lenders price risk differently. Key factors influencing cost:

• Loan amount and term — longer terms spread payments but can increase total interest.
• Vehicle age and mileage — older or high-mileage vehicles carry higher rates.
• Deposit and residual/balloon payments — larger deposits reduce monthly cost.
• Business credit and director credit checks — stronger profiles attract better offers.
• Maintenance and mileage allowances — contract hire often includes mileage caps and penalties for excess miles.
• Fees and taxes — ask for full cost illustrations; representative APRs will be provided by lenders.

Always request a full breakdown of charges and the total cost of credit before committing. Brokers will present comparable options so you can weigh monthly payments against long-term cost and ownership goals.

Why companies choose Fast Business Loans for vehicle funding

• Speed: quick matching to brokers with relevant vehicle expertise.
• Panel breadth: access to lenders and specialist brokers covering vans, trucks and EV fleets.
• Tailored matches: we try to match you with partners who understand your sector and asset type.
• Privacy and clarity: we only share your details with selected partners and make clear what to expect.
• Free & no obligation: submitting an enquiry is free; proceed only if an offer suits you.

Get Matched with a Vehicle Finance Broker

What happens after you submit your enquiry?

Expect contact from matched brokers or lenders by phone or email, typically within one working day. They may request:

• Recent bank statements and management accounts.
• Proof of ID for directors and company registration details.
• Details of the vehicle(s) — quotes, specs, mileage and VAT status.

Receiving a quote does not commit you to proceed. Compare offers, check terms and ask questions. If you decide to proceed, your chosen broker will guide you through documentation and any lender credit checks.

Responsible business borrowing — points to consider

Finance can help growth, but it carries obligation. Before signing:

• Ensure repayments fit your cashflow and contingency plans.
• Understand who owns the vehicle during and after the agreement.
• Check maintenance responsibilities and mileage penalties on contract hire.
• Ask about early settlement terms and any exit fees.
• Failure to keep up repayments may result in the asset being repossessed — always consider affordability.

If in doubt, ask your matched broker for clear illustrations and time to review documentation before accepting any offer.

Vehicle finance FAQs

How quickly can I get a quote?

Most matched brokers contact you within hours to one working day. Time to a formal offer depends on lender checks and the complexity of the request.

Can newer companies access vehicle finance?

Yes. Many brokers work with specialist lenders who consider businesses with limited trading history, though they may request director guarantees or higher deposits.

Can I finance electric vehicles and charging infrastructure?

Yes. Several lenders offer packages that include EVs and associated charging solutions — brokers can source options that reflect total cost of ownership and incentives where applicable.

Does an enquiry harm my credit score?

No — submitting our enquiry form does not affect your business or personal credit. Lenders may run checks later if you progress an application.

Can I finance used or high-mileage vehicles?

Often yes, but terms depend on vehicle age, condition and intended use. Specialist lenders exist for HGVs and older commercial vehicles.

What if I want to settle early?

Early settlement terms vary. Some agreements include settlement fees or a recalculated payout. Always ask for a clear settlement figure before signing.

Start your vehicle finance enquiry

Tell us about the vehicles you need and your business — we’ll match you with brokers and lenders who can provide realistic quotes. Our service is free and there’s no obligation to proceed. Enquiries generally cover deals from £10,000 and up.

Get Quote Now · Free eligibility check · Secure, no obligation

If you’d prefer a callback, include your telephone number in the enquiry form and a matched broker will call you to discuss options.

Fast Business Loans is a broker-matching service. We are not a lender and we do not give financial advice. We connect businesses with lenders and brokers who may contact you with tailored finance options. Submitting an enquiry does not affect your credit score. Please read any lender or broker terms carefully before committing to a finance agreement.

– How quickly can my business get vehicle finance quotes? Most enquiries receive contact from a matched UK broker the same business day or within one working day.

– Does submitting a vehicle finance enquiry affect my credit score? No—our free eligibility check doesn’t impact your credit score, and lenders only run checks if you choose to proceed.

– Is Fast Business Loans a lender and is your service free? We’re a broker-matching service (not a lender) and using our service is free with no obligation to proceed.

– What types of vehicle finance can you introduce? We can match you to hire purchase, lease purchase, finance lease, contract hire, fleet packages and refinance options.

– Which vehicles can be financed? Brokers on our panel fund vans, LCVs, HGVs/lorry finance, company cars, EVs (including chargers) and specialist vehicles.

– What’s the minimum deal size and typical term for vehicle finance? Most deals start from £10,000 with typical terms of 2–5 years and deposits from 0–20% depending on the lender.

– Can start-ups or businesses with adverse credit get approved? Yes—specialist brokers consider newer businesses or past credit issues, often with director guarantees or higher deposits.

– What documents will I need to provide? Expect to share basic business details, bank statements, management accounts, director ID, company registration and vehicle quotes/specs.

– How are rates and monthly costs decided for vehicle finance? Lenders price based on loan amount and term, vehicle age/mileage, deposit or balloon, credit profiles, mileage limits and fees.

– Can I refinance or settle an existing vehicle agreement early? Yes—both are possible, but settlement figures and any fees vary by lender, so request a clear breakdown before committing.