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        • What type of funding options are you looking for?
        • Growth Guarantee Scheme

          A government backed loan to support businesses affected by the pandemic.

        • Unsecured Business Loan

          Business loans up to £500k, without the need to secure on property or assets.

        • Secured Business Loan

          Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.

        • Asset Finance

          Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.

        • Merchant Cash Advance

          Borrow up to 2x your monthly card sales and repay through a small % of your future takings.

        • Invoice Finance

          Release up to 90% of your owed invoices, either through a selective or whole debtor book facility.

        • Bridging Loans

          A short term facility, allowing you to raise quick capital by securing on a UK property.

        • Revolving Credit Facility

          A pre agreed credit facility, allowing you to dip in and out for future funding requirements.

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        • Construction Finance

          Secure construction business funding here.

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          Funding for staff, inventory, marketing, & more.

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          Finance solutions for recruitment agency growth.

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          Quick online applications for healthcare loans.

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          Fast funding solutions for restaurant businesses.

        • Wholesale Funding

          Secure financing for your wholesale business.

  • About
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  • Contact Us
        • What type of funding options are you looking for?
        • Growth Guarantee Scheme

          A government backed loan to support businesses affected by the pandemic.

        • Unsecured Business Loan

          Business loans up to £500k, without the need to secure on property or assets.

        • Secured Business Loan

          Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.

        • Asset Finance

          Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.

        • Merchant Cash Advance

          Borrow up to 2x your monthly card sales and repay through a small % of your future takings.

        • Invoice Finance

          Release up to 90% of your owed invoices, either through a selective or whole debtor book facility.

        • Bridging Loans

          A short term facility, allowing you to raise quick capital by securing on a UK property.

        • Revolving Credit Facility

          A pre agreed credit facility, allowing you to dip in and out for future funding requirements.

        • What type of funding options are you looking for?
        • Construction Finance

          Secure construction business funding here.

        • E-Commerce Funding

          Funding for staff, inventory, marketing, & more.

        • Recruitment Agency

          Finance solutions for recruitment agency growth.

        • Healthcare Business

          Quick online applications for healthcare loans.

        • Restaurant Business

          Fast funding solutions for restaurant businesses.

        • Wholesale Funding

          Secure financing for your wholesale business.

  • About
  • Knowledge Hub
  • Contact Us
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Apply For Business Van Finance To Help You
Buy a Van Lease a Van Grow Expand

Van finance can help you get a vehicle for your business if you don’t have the funds to purchase one.

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Happy woman applying for a bridging loan

6.90%

Interest rates per annum

£100,000 +

Terms from 1 month – 6 years

UK Based

No early settlement fees

£5k - £500k

Funding requirement

Our lending partners

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Van Finance

Using van finance can help your business get the work vehicle it needs to grow and thrive. Learn everything you need to know about how it works and see your funding options from top van finance providers with Aurora Capital.

What is van finance?

Van finance is a way of borrowing money from banks and financial institutions if your small business needs a van but can’t afford one immediately. 

 

The work van that you use day-to-day is considered a business asset. Van finance can allow you to spread the cost of your work vehicle over time.

 

There are several different types of van finance available, and it can be difficult to determine which is best for your business. We break down everything you need to know about van finance so you can make the right decision.

Bridging loans are a type of secured loan, which means you will need to put up an asset as collateral.

Types of business van finance

There are a number of different van finance options available, including:

Business loan

It’s possible to use a standard unsecured business loan to purchase your van. Your business will need to borrow enough to cover the cost of the van upfront and then repay the loan over the agreed-upon term.

This option means there will be no usage restrictions, such as driving a certain number of miles each year. However, using a loan to buy your van can be more expensive and less flexible than other options.

Hire purchase

With hire purchase (HP), you put down a small deposit and then spread the remaining cost of the van over an agreed term. The deposit can be paid by cash, or you may be able to part exchange an old vehicle, provided you own it outright.

 

Your monthly payments will be based on the value of the vehicle, the interest rate charged, and the size of the deposit you put down. 

 

You will own the vehicle outright at the end of the agreed term. HP agreements don’t usually come with any mileage limits, but there may be additional fees to pay at the end of the term.

Finance lease

Finance lease agreements are a flexible way of leasing a work vehicle. Your business can hire the vehicle for a specific period of time, and at the end of the agreement, you will have the option to:

 

  • Purchase the van for a pre-agreed sum (known as a balloon payment)
  • Sell the vehicle on the lender’s behalf and get a percentage of the proceeds
  • Extend the term of the lease and continue the agreement

 

You can reclaim up to 100% of the VAT charged on your monthly payments, including mileage, maintenance, and any service costs.

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obligation quote Today!

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£10k
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Prefer to talk? Call us on 020 3355 7462

Securing business funding:
How it works

Aurora Tell us more about yourself

1

Apply Online in minutes

We cater to any sized business, so to apply for business funding, we only need you to share basic information about your company. Your application will take a few minutes, and our experts are always happy to assist with any questions you have about specific loan types or alternative finance options.

2

Get Matched in hours

Our LendTech technology will compare our trusted panel of lenders and match you with your most suitable finance option. Each business funding option is different, and we’ll help to make sure you’re fully clued up on the terms and conditions as well as indicative repayment details.

Aurora | Get Matched In Hours
Aurora | Get Funded In Days

3

Get Funded in days

One of our funding specialists will discuss the available options with you and guide you through the process from application to approval. Once approved, the funds can be deposited in a matter of hours.

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Van Finance FAQs

Getting van finance without putting down a deposit is possible, but these products usually come with higher interest rates. Not providing a deposit also means you will need to borrow more, and you’ll need to pay more in interest over the term of the agreement. 


If you purchase your work van using a business loan, you shouldn’t need to put down a deposit, as you will buy the vehicle outright using the loan proceeds.

You can use van finance for most commercial vans; however, some lenders may have restrictions. For example, some products may only be available for vans up to 3.5 tonnes.

When you buy a van through a finance lease or high purchase agreement, the finance company owns the vehicle for the term of the agreement. 

 

You will become the owner either at the end of the agreement or after you have paid the agreed balloon payment, depending on what van finance option you have chosen.

Yes, most business van finance agreements can be used to buy or lease new or secondhand commercial vehicles.

Some van finance agreements include mileage limits, but not all. For example, most hire purchase agreements don’t include mileage restrictions because you will own the van at the end of the term.

 

Finance lease agreements often include limits, but these can be extended or reduced based on your usage. A higher mileage limit will cost you more, but you could pay less by choosing a lower limit.

In most cases, there is no reason why you can’t use your business van for personal use, provided your van insurance policy covers it. However, there may be tax considerations as you may need to pay Benefit In Kind to HMRC if your van isn’t used solely for business purposes.

Prefer to talk? Call us on 020 3355 7462
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