Finance for the vehicles your business runs on

Most of what we arrange for businesses is light commercial: panel vans, crew vans, pickups and car-derived vans. We can also look at larger vehicles, specialist bodies and vehicles bought for staff use.

• ✓ Panel vans, crew vans and car-derived vans.
• ✓ Pickups and 4x4s used for work.
• ✓ Refrigerated, Luton and tipper bodies.
• ✓ Minibuses and welfare vehicles.
• ✓ Company cars for directors and staff.

New or used, from a dealer or a private seller, and whether or not the vehicle is one of our dealer partners’ stock. Tell us what you have found and we will confirm what can be done.

Businesses have one more option than private buyers. Which one suits depends on whether you want to own the vehicle at the end, how you want the cost to sit in the accounts, and how long you intend to keep it.

A fleet rarely arrives all at once. Most businesses add a vehicle when the work justifies it, which means a run of separate agreements over several years, often with different lenders and different end dates.

We can set that up properly: a facility sized for the fleet you are planning rather than the van you need this month, agreements that end in a sensible sequence, and one point of contact who knows the whole picture when the next vehicle is due.

• ✓ A single conversation about what the fleet needs to look like in two or three years.
• ✓ Agreements structured so replacements fall due in a manageable order.
• ✓ The same panel of lenders whether it is vehicle one or vehicle ten.
• ✓ Settlement figures and changes handled by someone who already knows the account.

Business lending is assessed on the business as well as on the people behind it. Having the paperwork ready is the single biggest thing that speeds a decision up.

• ✓ How long the business has been trading, and in what form.
• ✓ Recent accounts or, for a newer business, bank statements.
• ✓ Details of the vehicle and the seller.
• ✓ For a limited company, the directors’ details and, usually, a personal guarantee.

A new business is not ruled out. Lenders on our panel look at start-ups, though the deposit and the personal position of the owner carry more weight.