Yes. Commercial vehicles are one of the most commonly financed asset classes in the UK, and CW Asset Finance arranges funding for vans, HGVs and trucks, minibuses and coaches, taxis, horseboxes, funeral vehicles and other specialist bodied vehicles. Both new and used vehicles can usually be considered, from dealers or private sale.
Most commercial vehicle deals are written on hire purchase, so you own the vehicle at the end of the term, or on a finance lease if you would rather rent it and keep the capital in the business. Some operators prefer contract hire where maintenance and disposal risk sit with the funder. Which structure suits you depends on how long you intend to keep the vehicle and how your accountant treats it.
Bear in mind that the agreement is secured on the vehicle, so falling behind on payments can lead to it being repossessed — which for most operators means losing the ability to trade. You will also need to budget separately for insurance, maintenance, tax and any operator licensing requirements.
We can normally give an indicative decision in as little as 24 hours, but no broker can guarantee approval. Terms and availability depend on the lender’s assessment and your individual circumstances.