Two vans or twenty — fleet funding arranged so you can add vehicles as contracts land, without starting from scratch every time.
Whole-of-market — 60+ lenders searched, including
Yes. Funding multiple vans is straightforward, and there are two sensible routes: individual agreements per vehicle, or a facility that lets you draw down on new vehicles as you need them. The second is what most growing fleets want, because it removes a full application every time a contract requires another van. The thing operators underestimate is aggregate exposure. A lender looks at your total commitment across every agreement, not just the one in front of it, so the fifth van is assessed against the first four and the accounts have to support the whole book.
Used kit: Yes. Mixed new and used fleets are funded regularly, and many operators deliberately buy used to keep replacement cost down while funding each vehicle individually.
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Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
Multi-vehicle funding is assessed as a credit line rather than as a series of vehicle deals. Underwriters look at filed accounts, management information, existing commitments across all funders, and the contract pipeline behind the expansion. A business that can show contracted revenue tied to the vehicles is in a far stronger position than one growing speculatively. Funders will also want to understand your replacement cycle and disposal policy, because a fleet that never sells anything accumulates old vehicles and hidden cost. Structure matters: hire purchase suits operators who keep vans long term, while leasing can suit fleets that cycle vehicles and want predictability. Mixed fleets with specialist bodywork usually need more than one funder. Declines tend to come from businesses whose existing commitments already stretch them, or where accounts are too far out of date to support the request.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Ford Transit Custom L2H1 | Core medium van for a mixed fleet |
| Vauxhall Vivaro L2H1 | Value medium van for volume orders |
| Mercedes-Benz Sprinter 315 L3H2 | Large van for high mileage routes |
| Volkswagen Transporter T6.1 | Medium van with strong resale value |
| Renault Master LL35 | Large van for distribution duties |
| Ford E-Transit | Electric large van for city contracts |
| Vauxhall Combo Cargo L1 | Small van for parts and service calls |
| Peugeot Expert Professional | Medium van for engineer fleets |
| Maxus eDeliver 9 | Electric large van for depot rounds |
| Ford Ranger XL | Pickup for site-based fleet teams |
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Installation and maintenance contractors scaling up on the back of a national contract, courier and logistics firms adding rounds, facilities management companies, and merchant and distribution businesses running local delivery. Typically a limited company with filed accounts and an existing fleet of two to ten vehicles. The trigger is almost always a contract award with a start date, which creates pressure to get several vehicles on the road at once rather than one at a time.
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We funded this
£210,000
Seven vans for an industrial door and shutter installer expanding its fitting teams, with the VAT position structured so it did not all land at once.
Read the case study →Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
You can fund several vehicles under one facility, though each van is usually identified individually because they have separate registrations and values. The practical benefit is a single approval and a single point of contact rather than a fresh application for every vehicle.
That is exactly what a drawdown facility is for. You get an agreed level of support up front and add vehicles against it as you need them, subject to the lender checks at each drawdown. It saves considerable time when work arrives faster than paperwork.
Not in itself, but every funder looks at your total exposure across all agreements. Spreading across lenders is normal for mixed fleets, especially where specialist bodywork needs a specialist funder who would not write a plain panel van. What matters is that the aggregate commitment across everyone is supportable by your accounts and your contracted work.
It depends on your replacement cycle. If you run vans until they are worn out, ownership through hire purchase usually makes sense. If you change on a fixed cycle and value predictable costs and handover, leasing can suit better. Many fleets sensibly do both.
Often yes, where vehicles are owned outright or have equity in them. Refinancing a fleet can free up working capital for expansion. The funder will need ownership evidence for each vehicle, usually the V5C and the original invoice, and will value them individually before making an offer. Fleets are often easier to refinance than single vans because the combined value justifies the work.
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See everything we fund in van and light commercial finance →
Not an offer of finance. All finance is subject to status, affordability and lender approval.
We are a broker, not a dealer — we have no stake in which van you choose. These are written on that basis.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.