Van finance
What types of used van finance are available?
Personal Contract Purchase (PCP)
PCP van finance allows you to pay an initial deposit followed by fixed monthly payments over a set period of time. At the end of the agreement, you have the option to pay a lump sum (or balloon payment) to become the legal owner of the van or hand it back to the finance company.
Hire Purchase (HP)
HP van finance allows you to finance the total cost of the vehicle, meaning there's no large lump sum to pay at the end. You'll pay an initial deposit followed by fixed monthly payments over the agreed term and will become the legal owner of the vehicle once all the payments have been made (including a small 'option to purchase fee').
Conditional Sale (CS)
Much like HP finance, CS van finance allows you to finance the total cost of the van, avoiding the requirement to pay a lump sum at the end of the agreement. With CS van finance deals, there will be no 'option to purchase' fee once all payments are made - you will automatically become the legal owner of the vehicle.
HP and PCP representative example. If your borrow amount is £6,000 with a deposit of £1,000, a selected term of 48 months, at a representative APR of 17.8%, you would pay £171.56 per month. Total charge for credit will be £2,234.88 and total amount payable is £9,234.88. CarMoney Limited can introduce you to a limited number of finance providers based on your credit rating and CarMoney will receive a commission for such introductions that can either be a % of the amount borrowed or a flat fee. This does not influence the interest rate you’re offered in any way. CarMoney is a broker not a lender. For full T&Cs please click here.
This calculator is for illustration purposes only. Your actual repayments could be lower or higher depending on your personal circumstances. The make, model and age of the car you’d like to purchase will also impact the final figure quoted.
Popular questions
Can I get used van finance with bad credit?
Yes, you're still eligible for some van finance deals if you have a bad credit score. Before any hard credit checks are initiated, our partners will run a soft credit check that leaves no mark and highlight the best deals available to you.
Is it hard to get van finance?
No, getting van finance is a simple process that can be completed from the comfort of your home. Apply online to receive the best deals and rates available from the UK's best lenders based on your personal profile.
Can I get van finance without a credit check?
Unfortunately not. All finance lenders will require a hard credit check before you're fully approved for a finance agreement.
Is van finance different to car finance?
All in all, the process behind getting a used van on finance and getting a used car on finance is very similar. A van finance agreement is worked out by considering factors such as vehicle value, depreciation and interest rates, much like a car finance agreement.
What is the interest rate for van finance?
The interest rate you'll receive for van finance will vary depending on personal circumstances such as credit history and affordability.