A deposit is the amount of money you pay up front when you start a van finance agreement.

Putting down a deposit can make van finance more affordable at the beginning, but in the long run it could make it more expensive. This is because, without a deposit, you’ll be borrowing more money, which means you may be paying more in interest compared to someone who put down a deposit.

We understand that van finance needs to be affordable and sustainable for your needs. Because of this, our van finance agreements require a deposit.

For more information, read our guide to no deposit van finance to understand how a deposit works and how it affects your agreement.

Our finance gets you where you want to be, with APRs from 18.5% – 47.5%.

APR stands for ‘annual percentage rate’. It is the total cost you pay to borrow money for a given year.

Our van financing calculator is for illustrative purposes. Your personal APR will depend on several factors, such as your credit file and whether you’ve missed any payments in the past.

Read our handy guide if you want to learn more about what APR means.

On average, our customers pay between £250 and £400 per month for their van on finance, but it’s important to know that everyone’s van finance is different, and so your monthly payments might be lower or higher, subject to status and affordability.

There are several factors that affect how much your monthly payments could be. These include:

• How much you’re looking to borrow
• How long your agreement lasts
• What your personal APR is

You can try out our finance calculator and it will show you examples of what your monthly payments could look like.

When you make an application, we’ll ask for the following information:

• Personal information: this includes your name, date of birth, and marital status
• Employment: your employment status, employer, and job title. We will never contact your employer
• Income: your net monthly income (what you make each month after tax) helps us understand your affordability
• Address history: your current address and 3 years of UK address history
• Contact details: your mobile number and email address so we can get in touch with you if you’re approved.

If you’re approved in principle, it’s because we need a few more details to support your application. If that’s the case, a member of our team will guide you through that process.

You might be self-employed looking to finance a van. If that’s the case, we might need additional documents to support your application.

There are several factors to consider when applying for van finance. The amount of money you can borrow on van finance depends on a variety of factors, such as affordability and credit history.

We offer finance for vans between £4,000 and £35,000. The amount you could borrow depends on personal factors.

When you get a quote, you’ll get one of three outcomes:

1. You’re approved which means you’ll be shown what your agreement could look like. A member of our team will help you find a van that’s suitable for you and fits our lending criteria
2. You’re approved in principle which means we need some more information to confirm your application. Our expert team will guide you through the process
3. You’re declined, in which case you might be wondering why. Check out our guide that explains the most common reasons for being refused finance.

We only finance vans which fit within our lending criteria:

• Priced between £4,500 and £35,000
• Up to 125,000 miles on the clock
• No older than 12 years by the end of the agreement

We do not finance VAT, and we do not finance base chassis vans, minibuses, or vans that have had specialist body work such as cherry pickers. Also, we do not finance vans to be used as a taxi, minicab, for hire, or for house removals.

When you get an initial quote, we only use a soft search. This does not affect your credit score. Only when you are satisfied with your quote and you’ve found the right van will contracts be drawn up for you to sign. At this point, a hard search is used, which may affect your credit rating.

If you make full and on time payments throughout the course of your van finance agreement, you may find that your credit rating improves. However, this isn’t guaranteed, as might only happen if you’re also repaying your other debts on time.

Yes, we consider applications from people who are self-employed. If you’re a tradesperson, contractor, or are otherwise self-employed, we could help you. Find out more in our guide to getting van finance when self-employed.