Van refinance
Turn vans you already own into working capital, or restructure what you are paying now — without the vehicles leaving your yard.
Whole-of-market — 60+ lenders searched, including
Can you finance a van re?
Yes, in most cases. Van refinance works by a funder buying the value in a vehicle you already own and putting it on a new agreement, releasing cash to your business while you keep using the van. It also covers settling an existing agreement and replacing it with a new structure. The qualifier is ownership: the van must either be owned outright or have enough equity to settle the current agreement, and you need to prove it with the V5C and the original invoice. A vehicle a funder cannot clearly identify and verify cannot be refinanced.
Used kit: Yes by definition — refinance applies to vehicles you already own, and lenders will set limits on how old a van can be for it to carry enough value to be worth refinancing.
Get a quoteor call 0333 772 4864
What would a van re cost per month?
Asset finance is quoted on a flat rate, so that is what the buttons show, with the equivalent APR beside it. Your exact rate depends on the asset, the term, the deposit and the lender.
Prime is an established, profitable business with clean credit. Specialist covers newer businesses and credit that needs explaining — the asset itself carries part of the risk, which is why finance is often available where an unsecured loan is not.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 5.15% flat rate (equivalent to 9.9% APR representative), you would repay around £628 a month; total amount repayable approximately £30,150, of which £5,150 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.
Rates shown are indicative flat rates with the equivalent APR alongside — the two are not the same number. Indicative only and does not constitute a quote or an offer of finance. Subject to status and lender approval.
How lenders treat it
Refinance underwriting starts with identification. A funder must be able to prove exactly what it is lending against, which means a registration document in the business name, the purchase invoice, and often photographs or an inspection. Vehicles with unclear ownership history, or ones still showing a previous interest, stop immediately until settled. Age and mileage matter more than on a purchase deal, because the funder is lending against a depreciating asset with no dealer in the chain. Fleets refinance more easily than single vehicles, since the aggregate value is worth the effort. Lenders will also ask what the money is for — a defined business purpose reads far better than an unexplained request, and repeated refinancing of the same assets is a warning sign an underwriter will spot. Declines centre on ownership that cannot be evidenced and vehicles too old to carry meaningful value.
Makes and models we fund
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 L3H2 | Large panel van already owned outright |
| Mercedes-Benz Sprinter 315 L2H2 | Durable large van with equity in it |
| Ford Ranger Wildtrak | Double cab pickup held on the books |
| Vauxhall Vivaro L2H1 | Medium van suitable for sale and leaseback |
| Iveco Daily 35S tipper | Light tipper with useful residual value |
| Volkswagen Transporter T6.1 | Medium van that holds its value well |
| Ford Transit Custom L2H1 | Medium van common in refinance deals |
| Isuzu Grafter 3.5t tipper | Small tipper owned free of finance |
| Renault Master Luton | Luton van with saleable body value |
| Ford E-Transit | Electric van with strong asset value |
Get a quoteor call 0333 772 4864
Who buys one
Businesses with capital tied up in vehicles and a use for cash elsewhere — a contractor funding materials for a big job, a firm covering a VAT or tax bill, or an operator wanting to buy plant without a new borrowing facility. Also businesses that bought vans outright in a good year and now want that money working. The trigger is usually cash flow timing rather than distress: money is in the yard, and it is needed in the bank.
Get a quoteor call 0333 772 4864
We publish the deals we arrange, with no client named and no rate quoted. See what we have funded in vans and fleet.
How it is treated for tax
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.
Van refinance questions
Can I refinance a van that still has finance on it?
Sometimes. If the van is worth more than the outstanding settlement there may be equity to work with, and the new funder settles the old agreement directly. If the balance exceeds the value there is nothing to release, and refinancing would simply move the problem.
What documents do I need to refinance a van?
The V5C registration document in the business name, the original purchase invoice, proof the vehicle is owned outright or a settlement figure from the current funder, and usually photographs. Some lenders arrange an inspection. Missing paperwork is the most common cause of delay.
Do I keep using the van during refinance?
Yes. The vehicle stays with you and in daily use throughout. The agreement changes, not the location of the van or who drives it. That is the whole point of refinance — you release the capital sitting in an asset you already own without losing the use of it or interrupting a single job.
Can I refinance a van bought privately?
It depends on whether ownership can be properly evidenced. A private purchase with a clear invoice, a matching V5C and a clean provenance check can work. Without a credible paper trail a funder cannot be confident about title, and most will decline.
Is there a limit on how old a van can be to refinance?
Lenders set their own limits and they vary by vehicle type. The practical test is whether the van still carries enough value to be worth securing against for the length of the agreement. Specialist vehicles that hold value often refinance at greater ages than ordinary panel vans.
Get a quoteor call 0333 772 4864
Also in van and light commercial finance
- First van finance for a new business
- Panel van finance
- Small van finance
- Medium van finance
- Large van finance
- Luton van finance
- Box van finance
- Tipper van finance
- Dropside van finance
- Crew cab van finance
- Refrigerated van finance
- Electric van finance
- Welfare van finance
- Recovery truck and tow truck finance
- Pickup truck finance
- Minibus finance
- Wheelchair accessible vehicle finance
- Mobile workshop van finance
- Dog grooming van finance
- Coffee van finance
- Ice cream van finance
- Catering van and food truck finance
- Mobile valeting van finance
- Curtainside van finance
- Van conversion finance
- Ex-lease van finance
- Van fleet finance
- Long wheelbase van finance
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.
Van buying guides
We are a broker, not a dealer — we have no stake in which van you choose. These are written on that basis.
- Ford Transit vs Mercedes Sprinter: which is right for your business?
- Transit Custom vs Volkswagen Transporter: how to choose
- Vauxhall Vivaro vs Renault Trafic: what actually separates them
- Ford Transit Connect vs Volkswagen Caddy: the small van decision
- Best vans for electricians: how to choose
- Best vans for carpenters and joiners: how to choose
- Best vans for plumbers and heating engineers: how to choose
- Van payload explained: how to avoid buying a van that is illegal when loaded
- Low roof vs high roof vans: which do you actually need?
- What licence do you need to drive a van in the UK?
Get your quote
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 0333 772 4864 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.