Compare business car finance options today and you could find the funding you need for the car, truck, or other commercial vehicle your company needs.
Looking through a range of options gives you more chance of securing a great deal. You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.
1
Prepare a business plan
Work out the amount of money you need to borrow for business vehicle finance and how long you would need to repay the amount with interest. Work out how much (if any) money you have on hand to pay a deposit as paying a deposit will in some cases mean cheaper business vehicle finance.
2
Compare your options
Have a look through the options to find the best vehicle finance option for your business needs. Check any conditions attached to the loan then pick a deal that offers you the lowest interest rate and a term long enough to afford the payments.
3
Apply for the loan
While there are commercial finance options offered by banks etc. some lenders and brokers only ever operate digitally, so to make sure you find the best business vehicle finance deals comparing quotes on the internet is a must. Once you've decided on the provider you want, simply apply.
If your business needs a new set of wheels, you could borrow the money you need with business car finance or a business car loan.
To get the best vehicle finance you need to:
Work out how much you need to borrow
Know how much money you have for a deposit, if any
Decide how long you need to pay back the loan
This comparison includes commercial vehicle finance companies and other lenders that offer finance options you could use to buy a business vehicle.
There are four main types of vehicle finance:
Contract hire: your business hires a vehicle from the finance company for a set time. Your business pays a fixed amount and may have to stick to an agreed mileage limit.
Hire purchase: your business hires a vehicle and has the option to buy it outright at the end of the term. You normally have to put down a deposit at the start of the finance agreement and stay within a mileage limit.
Finance lease: your business leases a vehicle but owns it from the outset.
Standard loan: your business borrows the cash and uses it to buy the vehicle upfront, with no mileage restrictions or other conditions.
Choose the type of company car finance finance that best suits your business and then get quotes to find the cheapest option.
Another option is asset finance, where the lender purchases your chosen vehicle on your behalf and then you pay them back.
You can get business vehicle finance to buy a wide range of vehicles, including:
Cars
Vans
Tractors
Buses/Coaches
HGVs
If you want to take your business to the next level but don’t have the funds to do so, you could consider getting a business loan.
Find out how to get a business loanWith the right type of borrowing you could pursue business opportunities that would otherwise pass you by, here's how.
Read more on borrowing for your businessIf you need funds to help your business grow or expand, a business loan could offer the solution you need. Here is how they work and how to get the right loan for your business.
More on how business loans workComparing business loans could save you money. Our multiple award-winning comparison service makes sure you get the lowest rates possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.
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Last updated: 04 March, 2022
