Van Finance

Finance

No Deposit Loans from £2,000 to £750,000

We offer the very best services in our field. We never settle for second best and always have your satisfaction as our top priority. It’s who we are and we are proud of it. 

What Is Van Finance?

The Oxford definition of finance is 'provide funding for a person or enterprise'. That's what van finance is - funding for a person or enterprise to use in the purchase of a van.

Van finance helps to spread the cost of the purchase of a new or used van, instead of paying the amount in full upfront you pay monthly. 


There are multiple ways to pay for a van on finance, these agreements are hire purchase (HP), lease purchase or personal contract purchase (PCP). Each of these products works a little differently, but essentially the finance company will buy the car on your behalf and you will repay the value of the van plus interest. 


How Van Finance Works At Van Loans R Us

Apply now to get your no obligation quote with no impact on your credit score!

Van Finance Products

At Van Loans R Us, no matter what the circumstances we will endeavour to find the best possible outcome for you.

hire purchase infographic

The most common form of vehicle finance. Hire Purchase is a hiring agreement between the customer and finance company secured against the vehicle. The customer has the option to own the vehicle at the end of the agreement subject to payment of the option to purchase fee.

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lease purchase infographic

Lease purchase is a form of conditional sale agreement, which means that the regular payments are similar to a lease/rental agreement but you will own the vehicle at the end of the deal. You may be asked to pay a number of monthly payments at the start of the agreement and a sum is usually deferred to the end of the deal. The deferred sum will be determined by the age and mileage of the vehicle at the end of the agreement.

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personal contract purchase infographic

PCP is in essence a purchase agreement. However a predicted minimum future value (balloon payment) is offset to the end of the agreement, this is called the optional finance payment (OFP). At the end of the term you have three options;

  1. Keep the vehicle after paying the optional final payment.
  2. Hand the vehicle back to the finance company.
  3. Part exchange for another vehicle.

PCP is subject to agreed mileage at the end of the term where excess charges may apply. Please ensure the mileage band meets your needs.


Learn more

The Oxford definition of finance is 'provide funding for a person or enterprise'. That's what van finance is - funding for a person or enterprise, e.g. limited company, self-employed, the money is then used to purchase a van.

Van finance helps to spread the cost of the purchase of a new or used van, instead of paying the amount in full upfront you pay monthly.

There are multiple ways to pay for a van on finance, these agreements are hire purchase (HP), lease purchase or personal contract purchase (PCP). Each of these products works a little differently, but essentially the finance company will buy the van on your behalf and you will repay the value of the van plus interest.

You generally have to be over 18 to get van finance and must have an income, however, each lender has different criteria. As a finance broker at Car Loans R Us, we work with a wide range of lenders. Here's a general list of what our lenders accept.

- 18-80 years old

- Good, Poor and Specialist Credit
- Disability
- Retired
- HM Forces
- Self Employed
- Refinancing Of Residual Values
- High Mileage Options
- Negative Equity Products
- Nil Deposit Schemes

Our lender will also consider - provisional licence, EU licence, no licence, CCJS, and defaults.

A reputable dealer is a dealer that has a good reputation and is trustworthy.

Signs of a reputable dealer
- Positive reviews
- The vehicles look the part
- You can test drive the vehicle
- They are knowledgeable

This is something we hear a lot, so don’t despair! At Van Loans R Us, we understand that there can be lots of reasons for a poor credit profile. We combine a wide panel of 30+ lenders with a sensible approach to selecting the right vehicle finance lender for your circumstances. This means that we may be able to approve you for van finance where others haven’t been able to.

We are here to help our customers get their credit history back on track and get behind the wheel of an affordable, reliable vehicle. We understand the difficulties life brings, that is why we look to provide options that offer affordable monthly payments to give you the customer the flexibility to work within your budget.

Your poor credit history could be the result of CCJs, mortgage defaults, IVAs or bills that have been paid late. It could be that you’re self-employed, with no proof of income, or that you simply haven’t built up a credit history yet.

Whatever the reason, we look at every case individually, without judgement – we aim to always find you the most suitable van loan for your circumstances at a great rate. So even if you have been refused credit in the past, get in touch as we may have a lender that could help you get your next van.

1. Apply Online - Applying is easy, it only takes a minute. Our team of experts will review your application and send it to the lender(s) best suited to your circumstances which means you get the best deal!
2. Choose Your Van - Once your application has been accepted we will notify you of your acceptance and you can begin looking for your perfect van. You can choose any car from any reputable dealer so long as the vehicle fits the requirements set by the lender.
3. Collect Your Vehicle - We will liaise with the dealer to get your new vehicle ready for collection, all you have to do is sign the documents and you can be driving away in your new van.
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