Van finance

Looking to get a van on finance? Seeking a van loan?
To get started you will need:
  • Monthly earnings over £1,000 (after tax)
  • To be aged between 21 and 70
  • A full valid UK driving licence
  • 2 consecutive months of payslips or bank statements

What your van finance could look like

  • Monthly payment: £000.00
  • Total to repay: £00,000.00
  • Calculated APR: 00.0%

Representative 31.9% APR

Van finance

Looking to get a van on finance? Seeking a van loan? See how we could help.

How does van finance work?

Van finance is when you borrow money to cover the cost of your new van. A van loan can be a great option for many, as it gives you access to a van without having to pay a lump sum up front. Instead you would pay back an amount each month until the cost of the finance has been paid off.

Getting a van on finance is dependent on your eligibility. When you apply for van finance your application will go through a series of checks. This will check several things including if you are legally able to drive, live in the UK but also if you can afford the monthly repayments of the loan.

What do I need to finance a van?

To get started with van finance, you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • To be aged between 21 and 70
  • A full valid UK driving licence
  • 2 consecutive months of payslips or bank statements

We can provide a van on finance so long as it meets the following criteria:

  • It must be priced between £4,000-£25,000
  • It must not have more than 125,000 miles on the clock
  • It must not be more than 12 years old by the end of the agreement
 
 

How does van finance work?

Van finance is when you borrow money to cover the cost of your new van. A van loan can be a great option for many, as it gives you access to a van without having to pay a lump sum up front. Instead you would pay back an amount each month until the cost of the finance has been paid off.

Getting a van on finance is dependent on your eligibility. When you apply for van finance your application will go through a series of checks. This will check several things including if you are legally able to drive, live in the UK but also if you can afford the monthly repayments of the loan.

What do I need to finance a van?

We can provide a van on finance so long as it meets the following criteria:

  • It must be priced between £4,000 – £25,000
  • It must not have more than 125,000 miles on the clock
  • It must not be more than 12 years old by the end of the agreement

To get started with van finance, you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • To be aged between 21 and 70
  • A full valid UK driving licence
  • 2 consecutive months of payslips or bank statements

What your van finance could look like

  • Monthly payment: £000.00
  • Total to repay: £00,000.00
  • Calculated APR: 00.0%

Representative 31.9% APR

Types of van finance

Types of van finance

At Moneybarn we offer a conditional sale agreement for van finance, which means you have full use of the van for the term of the agreement and it will be registered in your name. However, we will remain the legal owner until all repayments are made.

Other lenders might offer Hire Purchase, Personal Contract Purchase or a lease.

Hire Purchase (HP) is where you hire the van from the lender until you have paid off your debt, which is very similar to a Conditional Sale Agreement. Once you’ve finished paying the lender back, there is an option to buy the van outright. This is referred to as an ‘option to purchase’ fee and is usually around £100-£200. You’ll only own the vehicle outright once all repayments have been made and you’ve paid the option to purchase fee.

Personal Contract Purchase (PCP) is where you pay a deposit followed by monthly repayments for an agreed amount of time. At the end of this time period, you have the choice to either hand back the van or pay an amount to buy the vehicle outright. The cost to buy the vehicle is referred to as the Guaranteed Minimum Future Value fee and will vary depending on the make and model of the van.

You can also get a van on lease. What this simply means is you are renting the vehicle for an agreed period of time, but you will never have the option to purchase it. You pay a deposit, or a larger initial payment, followed by fixed payments over a set period of time.

Conditional Sale Agreement illustration

Conditional Sale van diagram

Once all monthly payments have been made you will own the van.

At Moneybarn we offer a conditional sale agreement for van finance, which means you have full use of the van for the term of the agreement and it will be registered in your name. However, we will remain the legal owner until all repayments are made.

Conditional Sale Agreement illustration

Conditional Sale van diagram

Once all monthly payments have been made you will own the van.

Other lenders might offer Hire Purchase, Personal Contract Purchase or a lease.

Hire Purchase (HP) is where you hire the van from the lender until you have paid off your debt, which is very similar to a Conditional Sale Agreement. Once you’ve finished paying the lender back, there is an option to buy the van outright. This is referred to as an ‘option to purchase’ fee and is usually around £100-£200. You’ll only own the vehicle outright once all repayments have been made and you’ve paid the option to purchase fee.

Personal Contract Purchase (PCP) is where you pay a deposit followed by monthly repayments for an agreed amount of time. At the end of this time period, you have the choice to either hand back the van or pay an amount to buy the vehicle outright. The cost to buy the vehicle is referred to as the Guaranteed Minimum Future Value fee and will vary depending on the make and model of the van.

You can also get a van on lease. What this simply means is you are renting the vehicle for an agreed period of time, but you will never have the option to purchase it. You pay a deposit, or a larger initial payment, followed by fixed payments over a set period of time.

How much would van finance cost?

Since the cost of van finance depends on personal circumstances (such as salary, residential status, and credit score) your eligibility will be different to everyone else. You can use our van finance calculator to get a better idea of what your agreement might look like. It allows you to set a specific budget alongside the length of your van loan, it includes the estimated costs of monthly repayments, the total you’d repay and the calculated APR.

If you’re still unsure what van to pick, that’s fine! Apply today and we can help guide you through the rest.

How much would van finance cost?

Since the cost of van finance depends on personal circumstances (such as salary, residential status, and credit score) your eligibility will be different to everyone else. You can use our van finance calculator to get a better idea of what your agreement might look like. It allows you to set a specific budget alongside the length of your van loan, it includes the estimated costs of monthly repayments, the total you’d repay and the calculated APR.

If you’re still unsure what van to pick, that’s fine! Apply today and we can help guide you through the rest.

Bad credit van finance

No matter what your circumstances are, we believe that just because a person has bad credit, it doesn’t mean that they should be denied access to van finance. Moneybarn have nearly 30 years of experience in helping those who may have been turned down by mainstream lenders.

See if we can help you get van finance with bad credit today. We can also help if you have a CCJ or IVA.

What types of vans can I get finance for?

With such a wide range of van brands and types choose from, it can be tricky to find the perfect van for you.

We’ve created a page that runs through the top van brands and their pros and cons, so you can make a more informed decision.

Our van buying guide outlines useful questions you should be asking yourself – such as how the van will be used, if it fits your budget, how much storage space you will need, and more. You might be interested in going hybrid or electric, in which case our hybrid and electric van guide is for you.

Bad credit van finance

No matter what your circumstances are, we believe that just because a person has bad credit, it doesn’t mean that they should be denied access to van finance. Moneybarn have nearly 30 years of experience in helping those who may have been turned down by mainstream lenders.

See if we can help you get van finance with bad credit today. We can also help if you have a CCJ or IVA.

What types of vans can I get finance for?

With such a wide range of van brands and types choose from, it can be tricky to find the perfect van for you.

We’ve created a page that runs through the top van brands and their pros and cons, so you can make a more informed decision.

Our van buying guide outlines useful questions you should be asking yourself – such as how the van will be used, if it fits your budget, how much storage space you will need, and more. You might be interested in going hybrid or electric, in which case our hybrid and electric van guide is for you.

Guides for your new van

Guides for your new van

Buying a van

There’s a lot to consider when buying a new van, luckily we have a useful guide to help you through the process from beginning to end. 

Which van brand is right for me?

With so many different van brands on the market, it can be difficult to know which one is right for you. Take a look at the different van brands and models in our useful guide to help you decide.

How to make sure your van goes the distance

A van for many is more than just getting you from A-B. It’s your livelihood. Make sure it goes the distance with these handy tips.

How to keep your van safe

Whether or not you use your van for work, a van can be extremely appealing for thieves as they often hold expensive items. Protect your van and its contents from thieves by following these 10 tips.

Buying a van

There’s a lot to consider when buying a new van, luckily we have a useful guide to help you through the process from beginning to end. 

Which van brand is right for me?

With so many different van brands on the market, it can be difficult to know which one is right for you. Take a look at the different van brands and models in our useful guide to help you decide.

How to make sure your van goes the distance

A van for many is more than just getting you from A-B. It’s your livelihood. Make sure it goes the distance with these handy tips.

How to keep your van safe

Whether or not you use your van for work, a van can be extremely appealing for thieves as they often hold expensive items. Protect your van and its contents from thieves by following these 10 tips.

Frequently asked questions

You can use our van finance calculator to see what your agreement might look like, based on factors such as how much you’re looking to borrow.

No matter what your credit score is, there will be a lender out there that will be able to help you get a van on finance.

If your credit score is less than perfect take a look at what we could lend you by getting a quote today. We will only do a soft search on your credit file when you ask for a quote, so this won’t affect your credit score.

If you have a particular van in mind, we might be able to help as long as it fits into our lending criteria.

Buying a van on finance is very similar to car finance. With so many different types of vans and different brands, we’d recommend doing some research to get the right van for you. Luckily, we’ve written a guide on buying your next van.

If you already have a van in mind then you can make an application and we’ll guide you through the rest.

When you make an application, you’ll need to provide some personal details and information about you and your financial situation. If you wish to enter into an agreement then you would need to provide proof of identification (usually a drivers licence).

Further documents might be needed as part of our affordability checks. If that is the case then our team will be able to guide you through that process.

We recognise that it might be hard to put together a deposit for a new van. Getting approved for finance without a deposit depends on a variety of personal factors. Find out if van finance with no deposit is the right thing for you.

If you’re self-employed and looking to get a van for your business then we might be able to help. Your eligibility will depend on personal factors like income and credit score. Whether or not you already have a van in mind, you can make an application today and we’ll guide you through the process.

Frequently asked questions

You can use our van finance calculator to see what your agreement might look like, based on factors such as how much you’re looking to borrow.

No matter what your credit score is, there will be a lender out there that will be able to help you get a van on finance.

If your credit score is less than perfect take a look at what we could lend you by getting a quote today. We will only do a soft search on your credit file when you ask for a quote, so this won’t affect your credit score.

If you have a particular van in mind, we might be able to help as long as it fits into our lending criteria.

Buying a van on finance is very similar to car finance. With so many different types of vans and different brands, we’d recommend doing some research to get the right van for you. Luckily, we’ve written a guide on buying your next van.

If you already have a van in mind then you can make an application and we’ll guide you through the rest.

When you make an application, you’ll need to provide some personal details and information about you and your financial situation. If you wish to enter into an agreement then you would need to provide proof of identification (usually a drivers licence).

Further documents might be needed as part of our affordability checks. If that is the case then our team will be able to guide you through that process.

We recognise that it might be hard to put together a deposit for a new van. Getting approved for finance without a deposit depends on a variety of personal factors. Find out if van finance with no deposit is the right thing for you.

If you’re self-employed and looking to get a van for your business then we might be able to help. Your eligibility will depend on personal factors like income and credit score. Whether or not you already have a van in mind, you can make an application today and we’ll guide you through the process.

Van finance with bad credit

Need a van but can’t get one due to poor credit? As bad credit specialists, we understand that you need a reliable vehicle so that you can get to work, click below to find out how we can help you.

Self-employed van finance

Are you self-employed and looking to get a van on finance? Even if other lenders have rejected your application, we might be able to help.

Our application process

Van finance can be confusing, but luckily we’re on hand to keep things simple. Our expert guides will help explain the finance process.