Choose Your Finance Options

Vehicle Finance Today

Vehicle Finance Today is a credit broker, not a lender. Representative example: borrowing £7,500 over 48 months with a REPRESENTATIVE APR of 24.9%, an annual interest rate of 24.9% (Fixed) and a deposit of £0.00, the amount payable would be £238.10 per calendar month, with a total cost of credit of £3,928.80 and a total amount payable of £11,428.80. Rates may differ as they are dependent on individual circumstances. The exact rate you will be offered will be based on your circumstances, subject to status. We are located at Old Generator House, Unit 3, Bourne Valley Road, Poole, BH12 1DZ

How Does Van Financing Work With
Vehicle Finance Today?

How Does Van Financing Work
With Vehicle Finance Today?

Vans can be essential in the workplace. But they can also be expensive. That’s why, when you’re unable to afford the funds outright, or would prefer to pay over time, we’re here to help you spread the cost of a van through vehicle finance. You could be driving away in your new van in just three simple steps!

  • 1. Make An Online Application – Our application process is straightforward, and shouldn’t take more than a few minutes to complete.  If we manage to put in touch with a lender, they may choose to undertake a hard credit search.
  • 2. Let Us Find You a Suitable Lender – Once you’ve completed the application, we’ll take things like your budget, deposit, and loan amount into consideration, and search our panel of lenders for a suitable option. Every application is considered on an individual basis, so even if you have bad credit history, you may still be eligible for van finance.
  • 3. Sign the Paperwork and Drive Away Happy! – Once approved, you’ll be able to start hunting for your next vehicle. You can approach any reputable dealer in the UK and once all the paperwork has been signed, you’ll be the proud owner of a new van! You’ll then make monthly payments to your lender, in line with your agreement.



Vehicle Finance


Vehicle Finance
Types of Van Finance Available

We offer a variety of vehicle finance arrangements, including the most popular ones below:

There are a lot of things to think about when taking out van finance, from the van’s capacity to its mileage. But in terms of the loans available, there are just three main types to consider: hire purchase, personal contract purchase, and personal loans. We’ve outlined each of these in more detail below.

Hire Purchase (HP) – With a hire purchase agreement, you generally pay an initial deposit, then monthly instalments towards the cost of the van. You can choose a timescale that suits you, though typically HP arrangements last between 12 and 60 months. Once you make the final payment, you’ll own the van outright.

Personal Contract Purchase (PCP) – If you’re looking for smaller repayments, PCP may be a good option. The main difference between personal contract purchase and HP is that you’re paying towards the depreciation of the van, not its initial value, so if you wish to buy the vehicle at the end of the term, you’d need to make what is known as a balloon payment.

Personal Loan – If you decide to take out a personal loan to purchase a van, this would mean you could buy the vehicle outright, and then simply make regular payments to the lender. Unlike the finance options above, a personal loan is unsecured, which means there is no risk of losing your van should you be unable to keep to the instalments. However this may mean the interest rates are higher, and people with bad credit often find unsecured loans harder to obtain than secured loans.

Vehicle Finance
What Types of Van Can I Get a Loan For?

With Vehicle Finance Today, you can apply for a vehicle loan for just about any kind of van on the market! You simply need to approach a reputable dealer, and choose the perfect van for your needs, such as a pick-up, 4×4, crew cab, curtain side van, tipper, Luton van or a drop side pick-up. Popular makes of van include Ford, Land Rover, Mercedes, Renault, Toyota, Vauxhall, and Volkswagen.

You can borrow between £3,000 and £100,000, and will generally need to make a deposit of around 20% of the van’s on-road value. Some lenders won’t require a deposit though, or will work with you to determine an affordable amount – your personal circumstances will be taken into consideration. The finance option you choose may also affect the deposit amount, as will a part-exchange.

Am I Eligible For Van Finance? – When it comes to van finance, you’ll need to be aged 18 or above, be a UK resident, and have a regular income in order to make the repayments. A number of our lenders specialise in bad credit van loans, so even if you have a less than perfect credit score, your application may still be considered.

Can I Apply For Van Finance If I’m Self-Employed? – Due to the unpredictable nature of the work, unfortunately self-employed vehicle finance is often more challenging to obtain. And because self-employment doesn’t tend to come with a regular income, making regular payments difficult, such individuals often have low credit ratings too. But this doesn’t mean you can’t take out a van loan – many vehicle finance providers will consider applications from people who are self-employed with bad credit.

Perhaps the best thing about working with a broker like Vehicle Finance Today is that you’re essentially applying with a large panel of lenders, giving your loan application the best chance of success, all without impacting your credit file. We’ll take into account your needs and requirements, and do our best to match you with a suitable van finance lender.