Van finance

Yes, van finance generally works the same way as car finance does. The lender pays the dealership on your behalf, and you make monthly payments until the agreement is paid off.

If you already have a van in mind, or want to see if we can help you, then get a quote today. If you’re approved, one of our friendly experts will help you finance your dream van.

Yes, you can finance a brand new or used van as long as you can the van meet our lending criteria.

We understand that it might be hard to put together a deposit to finance a new van. However, putting down a deposit helps to reduce the loan amount. This means you’ll pay less interest in the long run compared to someone who doesn’t put down a deposit.

If you’re approved, one of our friendly experts will be on hand to discuss your options and find the right agreement for you. Our agreements do require a deposit, and the amount is subject to affordability checks.

For more information, please see our guide that explains what no deposit van finance is, so you can make an informed decision.

The main difference between leasing and Conditional Sale (CS) is whether you can legally own the van. With leasing, there is no option to legally own the van, whereas with CS, you automatically own it at the end of the agreement.

Van leasing might be more suitable if you’re looking to own a new van every year or two. However, there is no option to legally own the van, and you will return the van at the end of the lease agreement.

CS finance is designed to help people who know they want to own the van at the end of the agreement. There are no additional fees or payments needed.

For more information, read our guide that explores the differences between van leasing and financing.

If you’re self-employed and looking for van finance, we could help. Please make sure to check our lending criteria as there are different requirements for us to help self-employed people.

If you already have a van on finance and want to part exchange it and use it as a deposit, we could help. It’s important to note that you’ll need to settle the existing finance agreement first.

You could check if your van is in positive equity. This is when your van is worth more than the early settlement figure given by your finance company. For example, if your current van is valued at £5,000 and you have £3,000 left on the finance agreement, you’re in positive equity.

This means that, once your current agreement is settled, you’ll have £2,000 as a deposit for your new van.

Our friendly experts would be happy to help, whether you want to pay your deposit with cash or already have a van you want to trade in. Get a quote today and see if we can help.

Yes, you may be able to pay off your finance early. Whether you decide to pay it all off, or make early repayments, this is called an early settlement.

If you’re looking to finance a van and think your circumstances might change soon, that’s okay. Our expert team is on hand to discuss your options so you can choose an agreement that is suitable.

When you’re ready, get a personalised quote and see how much you could borrow in less than 5 minutes.

Van finance doesn’t directly affect your mortgage application, but it can indirectly affect it in two key ways:

1. Your affordability: If you have van finance, you’ll be making monthly payments over a period of several years. This will affect how much spare money you have to pay off other bills, like a mortgage. A mortgage can only be approved if it is affordable and suitable for your circumstances. So while having van finance doesn’t stop you from getting a mortgage, it might affect how much you can borrow.
2. Your credit file: Mortgage providers look at several factors to understand your eligibility. They are only able to provide a mortgage if you pass their credit checks. Having van finance counts as a line of credit on your credit file. If you also have several other lines of credit (e.g. credit cards, store cards, or finance other purchases like electricals or furniture) then it can seems like you may be reliant on credit, which could make it harder to get approved for a mortgage.