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Van Hire Purchase

Spread the cost and own your van at the end.

Hire purchase (HP) spreads the cost of a van over fixed monthly payments and you own it outright at the end.

It is the simplest, most popular way for limited companies to buy a van they intend to keep.

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  • check Find your own van, or we’ll source it for you
  • check Limited-company specialists. Used or new
  • check A credit broker, not a lender, with a panel of trusted UK lenders

Subject to status and eligibility. Van Finance Limited is a credit broker, not a lender.

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Van Hire Purchase for UK limited companies

Van finance for UK limited companies

At Van Finance Limited we arrange vehicle finance for UK limited companies. We are specialists in used van finance, and we place deals across a panel of trusted UK lenders. From newly formed companies and first-year businesses to established fleets that already run a dozen vans.

We fund amounts from £10,000 to £500,000. New or used vans, single vehicles or a full fleet. Hire purchase is one of the four ways we do it, and this page walks through what it is, who it suits, and how the numbers usually look on paper.

What van hire purchase is, in plain English

With HP you put down a deposit (often 10%, sometimes nothing), then pay the balance plus interest in fixed monthly instalments. The van is yours to use from day one, and once the final payment clears it belongs to the company. There is usually a small option-to-purchase fee at the end.

Because the agreement is secured against the van, lenders can say yes to cases the high street turns down, including newly formed companies and used vehicles.

How it works for your company

  • Deposit: from nothing up to whatever you choose, a bigger deposit lowers the monthly.
  • Term: typically 24–60 months; longer terms mean lower payments but more interest overall.
  • Ownership: the van is on the company balance sheet as an asset from the start.
  • VAT: on a VAT-qualifying van your company can usually reclaim the VAT on the purchase price (not the interest). See our VAT on used vans guide.
  • Tax: HP often lets you claim capital allowances on the van and the interest as a business expense. Confirm with your accountant.

Who hire purchase suits

HP is the right fit if you want to own the van long-term, you cover high mileage (there are no mileage limits), or you are buying a used van you plan to run for years. Tradespeople who keep vans well beyond the finance term. Builders, plumbers, electricians, couriers. Usually prefer HP.

Before you weigh it up against the other options, here are the upsides and the trade-offs on one page.

✓ Upsides

  • You own the van outright at the end.
  • No mileage restrictions. Ideal for high-mileage trades.
  • Reclaim VAT on a VAT-qualifying van; claim capital allowances.
  • Deposit is flexible, including no-deposit options (subject to status).

• Things to weigh up

  • Higher monthly payments than leasing (you’re buying the whole van).
  • You carry the depreciation and resale risk.
  • The van is secured against the agreement until it’s paid off.

Example costs

Representative example: borrow £18,000 over 48 months at 9.9% APR representative. 48 monthly payments of approximately £456.

Total amount payable about £21,888 (excluding any deposit, option-to-purchase or documentation fees). This is illustrative only and not an offer. Your rate and payments depend on the lender, the vehicle and your circumstances, and are subject to status.

Want a quick estimate? Use the van finance calculator, then get exact quotes from the panel.

Ready to see the numbers for your business?

Tell us what you want to fund and a bit about your company. We take one short enquiry to a panel of trusted UK lenders and come back with what is realistically possible for you. No hard sell, no full application to find out.

Amounts from £10,000 to £500,000. New & used vans, single vehicles through to fleets. Newly formed limited companies and previous declines are welcome. Decisions are subject to status.

Start the simple 3-step process below and we will come back to you, quickly.

We’ll Help You Every Step of the Way

Start the simple 3 step process to finance your van today.

Once you have completed the first step, we will arrange a call to answer any questions you may have and move quickly through steps two and three to get your vehicle successfully approved.

Get My FREE Quote
  1. 01

    Complete the Form

    Complete the simple form below and apply online for the amount you need to grow your business

  2. 02

    Receive Fast Approval

    We will process your application and aim to get you approved for your desired amount in 24 – 48 hours

  3. 03

    Get Financed

    Congratulations! Now you’ve been approved for financing, you can acquire the vans you need to grow.

FCA-regulated credit broking Credit broker, not a lender Whole-of-panel lenders Limited-company specialists

FAQs

Straight answers to the questions we hear most, on eligibility, credit checks and how the process works.

How much can you finance?
We finance vehicle amounts from £10,000 to £500,000. We specialise in used van finance for UK limited companies, and we can arrange new van finance and fleet finance too, from single vans through to multiple vehicles at once. All finance is subject to status.
Can a newly formed limited company get van hire purchase?
Often yes. HP is secured against the van, so lenders on our panel can consider new companies, a director’s guarantee and a deposit can help. Decisions are subject to status.
Do I own the van during the agreement?
You have full use of it from day one, and ownership transfers to the company once the final payment and any option-to-purchase fee are paid.
Is there a mileage limit on HP?
No. Unlike leasing, hire purchase has no mileage cap, which is why high-mileage operators tend to choose it.
Can I settle early?
Yes. You can usually settle an HP agreement early and may save on future interest. Ask for a settlement figure; terms vary by lender.

Still have questions?

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Other finance options

Helpful guides

Plain-English guides on van finance, VAT and tax, written for UK limited companies.

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Tell us what you’re looking to finance and we’ll tell you what’s realistically possible across a panel of trusted UK lenders. One short enquiry, a soft check that won’t affect your credit score, no obligation. Subject to status.

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