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Guaranteed van finance

You may have heard lenders claiming to offer guaranteed van finance. This doesn’t exist, and you should be cautious of this claim. Find out why in our guide.

Guaranteed van finance

You may have heard lenders claiming to offer guaranteed van finance. This doesn’t exist, and you should be cautious of this claim. Find out why in our guide.

What is guaranteed van finance?

Guaranteed van finance is the idea that you can make an application for van finance and get approved, regardless of your circumstances.

You might be searching for this if you have bad credit, but it’s important to know that guaranteed van finance does not exist. This is a widely promoted claim, but it’s important to know that no legitimate lender would claim to guarantee van finance in any form.

The Consumer Credit (Advertisements) Regulations 2010 protect customers from false or misleading claims, including ‘guaranteed van finance’. In spite of this you might have seen this promoted online. You should be cautious of anyone claiming to offer this.

Can you get guaranteed van finance with bad credit?

Everyone’s circumstances are different, and buying a van on finance is a big decision to make. There is no one-size-fits-all when it comes to finance. Lenders have the final say over whether someone is approved for van finance with bad credit and a responsible lender will never say that it is guaranteed.

Whether or not you are eligible depends on several factors, including credit history and affordability. Van finance will only be offered once the appropriate checks are done on an application. 

So, if you ever see this claim being made, you should act with caution. Picking a reputable finance company is important, so don’t rush your decision. Make sure to research the lender and understand what checks are made before making any applications.

What should I do if I have bad credit?

Having bad credit doesn’t make it impossible to get van finance. It just means you may need to use a specialist lender.

We recognise that just because you have bad credit, it doesn’t change the need for a reliable van to get around. That’s why we’re proud to help those that have been rejected by mainstream lenders. We help thousands of people up and down the UK each month, even if they have bad credit. Below is a list of circumstances in which we could help.

What is guaranteed van finance?

Guaranteed van finance is the idea that you can make an application for van finance and get approved, regardless of your circumstances.

You might be searching for this if you have bad credit, but it’s important to know that guaranteed van finance does not exist. This is a widely promoted claim, but it’s important to know that no legitimate lender would claim to guarantee van finance in any form.

The Consumer Credit (Advertisements) Regulations 2010 protect customers from false or misleading claims, including ‘guaranteed van finance’. In spite of this you might have seen this promoted online. You should be cautious of anyone claiming to offer this.

Can you get guaranteed van finance with bad credit?

Everyone’s circumstances are different, and buying a van on finance is a big decision to make. There is no one-size-fits-all when it comes to finance. Lenders have the final say over whether someone is approved for van finance with bad credit and a responsible lender will never say that it is guaranteed.

Whether or not you are eligible depends on several factors, including credit history and affordability. Van finance will only be offered once the appropriate checks are done on an application. 

So, if you ever see this claim being made, you should act with caution. Picking a reputable finance company is important, so don’t rush your decision. Make sure to research the lender and understand what checks are made before making any applications.

What should I do if I have bad credit?

Having bad credit doesn’t make it impossible to get van finance. It just means you may need to use a specialist lender.

We recognise that just because you have bad credit, it doesn’t change the need for a reliable van to get around. That’s why we’re proud to help those that have been rejected by mainstream lenders. We help thousands of people up and down the UK each month, even if they have bad credit. Below is a list of circumstances in which we could help.

  • CCJ
  • IVA
  • Poor or no credit history
  • Self-employed
  • Defaults
  • Missed payments in the past
  • Declared bankruptcy
  • Refused by other lenders

  • CCJ
  • IVA
  • Poor or no credit history
  • Self-employed

  • Defaults
  • Missed payments in the past
  • Declared bankruptcy
  • Refused by other lenders

When you get a quote, we use an initial soft check to understand your eligibility. You’ll get an instant decision as to whether we could help. We only use a hard check when you’ve found a van you’d like to finance, and contracts are drawn up for you to sign.

When you get a quote, we use an initial soft check to understand your eligibility. You’ll get an instant decision as to whether we could help. We only use a hard check when you’ve found a van you’d like to finance, and contracts are drawn up for you to sign.

How to improve your credit score

Having bad credit can make it tricky to get approved for finance. One thing that may improve your chances is improving your credit score. Click the button below to find out some common ways that could help.

How to improve your credit score

How to improve your credit score

Having bad credit can make it tricky to get approved for finance. One thing that may improve your chances is improving your credit score. Click the button below to find out some common ways that could help.

How to improve your credit score

FAQs around guaranteed van finance

No, there is no such thing as guaranteed van finance. Van finance for self-employed people can be harder to find. This is because you might not have a stable monthly income, and lenders must ensure their finance is affordable for your circumstances. Without the assurance of a regular income, mainstream lenders might not accept the self-employed.

We’re proud to accept applications even if you’re self-employed. Get a quote today to see if we could help you.

Guaranteed van finance garages or dealerships don’t exist. No responsible lender, broker, garage, or dealership will ever be able to guarantee you van finance. There are several checks that an application goes through before it can be offered van finance.

Regardless of your credit score, there should be a lender out there that can help you get van finance. If you are looking for van finance with bad credit, you may need to use a specialist lender.

No, guaranteed van finance does not exist, neither does guaranteed van finance with no credit check. Every lender must assess the creditworthiness of an applicant before they can offer them van finance.

Guarantor van finance is rare nowadays, because there are more specialist lenders who accept people with bad credit. However, no lender can claim to offer guaranteed van finance, because it doesn’t exist. No lender can guarantee finance without doing the appropriate checks, whether that’s with or without a guarantor.

Whether you can get van finance with no deposit depends on several factors such as credit history and affordability. No responsible lender can guarantee this, however.

We understand that it can be tough to save up a deposit. However, we also recognise the need to offer finance that is affordable and sustainable. That’s why our van finance agreements require a deposit.

You could get a quote and if you’re approved, one of our friendly experts can discuss this process and help find the right agreement for you.

FAQs around guaranteed van finance

No, there is no such thing as guaranteed van finance. Van finance for self-employed people can be harder to find. This is because you might not have a stable monthly income, and lenders must ensure their finance is affordable for your circumstances. Without the assurance of a regular income, mainstream lenders might not accept the self-employed.

We’re proud to accept applications even if you’re self-employed. Get a quote today to see if we could help you.

Guaranteed van finance garages or dealerships don’t exist. No responsible lender, broker, garage, or dealership will ever be able to guarantee you van finance. There are several checks that an application goes through before it can be offered van finance.

Regardless of your credit score, there should be a lender out there that can help you get van finance. If you are looking for van finance with bad credit, you may need to use a specialist lender.

No, guaranteed van finance does not exist, neither does guaranteed van finance with no credit check. Every lender must assess the creditworthiness of an applicant before they can offer them van finance.

Guarantor van finance is rare nowadays, because there are more specialist lenders who accept people with bad credit. However, no lender can claim to offer guaranteed van finance, because it doesn’t exist. No lender can guarantee finance without doing the appropriate checks, whether that’s with or without a guarantor.

Whether you can get van finance with no deposit depends on several factors such as credit history and affordability. No responsible lender can guarantee this, however.

We understand that it can be tough to save up a deposit. However, we also recognise the need to offer finance that is affordable and sustainable. That’s why our van finance agreements require a deposit.

You could get a quote and if you’re approved, one of our friendly experts can discuss this process and help find the right agreement for you.

Van finance calculator

Our van finance calculator will show you what your agreement could look like. Click the button below to get started and see what your monthly payments could be.

Van finance calculator

What is CS finance?

CS stands for Conditional Sale. This is the type of finance agreement we use for our van finance. Make sure you understand how it works with our guide.

What is CS finance?

Self-employed van finance

Being self-employed might make it difficult to get approved. We consider applications even if you’re self-employed. Find out more below.

Self-employed van finance

For a better road ahead

Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.

Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.

Moneybarn’s VAT registration number is 180 5559 52.

Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)

Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)

Sub prime lender of the year award
National Credit Awards Winner 2023
Car Dealer Power 2023 highly commended
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© Copyright 2024 Moneybarn Limited
© Copyright 2024 Moneybarn Limited

Representative example: Total amount of credit £10,413. Repayable over 58 months, 57 monthly payments of £325.49. Representative 30.5% APR (fixed). Deposit of £902.77. Total charge for credit £8,139.93. Total amount payable £19,455.70. Subject to status and affordability. You could risk losing your vehicle if you do not keep up payments.