Commercial vehicle finance
Financing commercial vehicles for your business is a crucial step in expanding your operations and ensuring efficient transportation. In the UK, several options are available for commercial vehicle finance, catering to various business needs and budgets. Read out How to finance commercial vehicles for your business helpful article/
Commercial Vehicle Finance isn’t just for cars, vans, and HGVs. It covers a huge range of vehicles, including specialist vehicle conversions such as coffee vans or promotional tour buses. From tradespeople to large haulage companies and taxi operators to mobile food vendors, vehicles can be the single most important asset that a company can own (and some businesses simply wouldn’t exist without them).
They can also represent an expensive initial outlay, especially if multiple vehicles are needed for a fleet operation. That’s why many look for external finance to support their vehicle purchases, to help get their business off the ground, replace existing vehicles, or fund the expansion and growth of their operations. Fortunately, Commercial Vehicle Finance is available – and many business owners would be surprised at the flexibility this type of finance can provide, allowing for the purchase of almost any type of vehicle. In this article, we give an overview of commercial vehicle finance to help businesses understand the options available to them.

What is Commercial Vehicle Finance?
Commercial Vehicle Finance covers various finance products, such as operating leases, finance leases, and hire purchases. These allow businesses to buy vehicles such as vans, cars, and lorries. Vehicles can be new or second-hand, and you can select your own preferred supplier (including private sellers).
The main advantage is that it allows businesses to buy the vehicles they need without a total upfront cost. Instead, payments can be spread monthly over a number of years, depending on your budget requirements.
What industries can use Commercial Vehicle Finance?
One of the great things about Commercial Vehicle Finance is that its application is so broad that it can be used in virtually any industry. Example industries include:
- Agriculture
- Construction
- Drainage & utilities
- Food production
- Logistics and warehousing
- Residential care
- Waste & recycling
…but this list is by no means exhaustive. If your business ambition requires a vehicle of some kind, commercial vehicle finance is very likely to be able to fund that purchase.
What types of vehicles can be purchased with Commercial Vehicle Finance?
Commercial Vehicle Finance can be used for so much more than traditional cars and lorries. Below, we’ve put together a list of example vehicles that can potentially be purchased on finance:
- Company cars
- Taxis
- Delivery motorbikes
- Vans
- Coaches
- Tip lorries
- Tractors
- Combine harvesters
- Crop sprayers
- ATVs (all-terrain vehicles)
- Golf carts
- Vacuum tankers
- Refrigerator lorries
- Food vans
- Tankers
- Buses & minibuses
- Rubbish lorries
- Heavy goods vehicles (HGV)
- Large goods vehicles (LGV)
- Tractor units
While this list is long, it’s also not exhaustive. No matter how niche your vehicle needs, there’s likely a finance solution that will cover your requirements.
Does Commercial Vehicle Finance cover conversions and renovations?
Yes, Commercial Vehicle Finance can help pay for the work needed to convert and renovate a vehicle, such as turning a van into a food van. It can cover both the vehicle purchase itself and the conversion work (even if the work is from separate suppliers). Other examples include:
- converting a double-decker bus into a promotional bus
- renovating a classic car for a wedding hire business
- adding branding to your vehicle
- fitting racking and storage to a commercial van
- installing a mobile toilet into a welfare bus
- installing refrigerators into a lorry
- adding beacons, strobes, lights, and alarms to a maintenance vehicle
- reupholstering seating and updating AV equipment for a coach
Can I use Commercial Vehicle Finance to purchase a second-hand vehicle?
Yes, Commercial Vehicle Finance can be used to buy used vehicles. This can be a useful way to lower overall costs and meet your budget.
How can Origin Finance help?
We’re here to help get your business on the road.
It’s often the case that the best funding solution depends heavily on your circumstances, such as the deposit you can afford, how you plan to use your vehicle and how long you need it for.
As such, it’s worth speaking to a member of our team as soon as possible so that we can help you to avoid any expensive mistakes when it comes to finding the right financial package for you.
How to finance commercial vehicles for your business
Our team of experts has a long history of securing funding for commercial vehicle purchases, and we have access to over 100 vehicle finance lenders. We can give you access to a wide range of financial options, and we don’t charge for our services as we are directly renumerated by the lender.
Get in touch for a free, no-obligation quote today.
Commercial vehicle finance
Financing commercial vehicles for your business is a crucial step in expanding your operations and ensuring efficient transportation. In the UK, several options are available for commercial vehicle finance, catering to various business needs and budgets.
Commercial asset finance
The most suitable and cost-effective funding solution for commercial vehicles is asset finance, with Lease and Hire Purchase products available, there is an option for businesses of all sizes. Asset finance can offer more competitive rates than traditional loans as the funding is secured against the asset.
Each product boasts different benefits that can be utilised by your business depending on its’ circumstances and cash flow. Hire purchase allows you to pay all the VAT in one payment to reduce your monthly payments, while leases allow you to spread the VAT over your monthly payments so there aren’t large upfront costs.
Leases also provides addition tax benefits as you can offset the total amount payment against your corporation tax, often making leasing cheaper than paying cash. Both products give you the option to pay a deposit so you can choose to pay a sum upfront to reduce your future monthly costs.
Specialist commercial vehicles
Some businesses require highly specialised or modified vehicle to carry out their operations, often having long wait times, complex payment terms or suppliers based overseas. At Origin Finance we can tailor your finance agreement to match a suppliers payment terms to ensure you get you vehicle ordered and delivered promptly. Origin even have products that allow you to utilise foreign suppliers so fulfil your specialist vehicle requirements.
Commercial car finance
Commercial car finance is another avenue to explore, especially for businesses that require a fleet of cars for their employees or executives. These finance options often come with tax benefits and can help maintain a modern, reliable fleet without a significant upfront investment.
When considering commercial vehicle finance, it’s essential to utilise a broker to explore all available options as a dealerships finance option isn’t necessarily the most appropriate. Origin Finance has a panel of 120+ lenders ensuring that you get a good picture of the entire lender market to make an informed decision and choose a solution that aligns with your long-term goals and cash flow projections.
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