Compare business vehicle finance and loans

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.

3 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
Sort
Funding Circle Business Loan
Loan Type
Unsecured term loan
Loan amount
£10,000 to £500,000
Representative APR
11.79% APR
Loan term
24 months to 72 months
To be eligible to apply you need to be based in the UK and have been trading for 2 years. Funding Circle also offers the Government's Recovery Loan Scheme. A key aim of the Recovery Loan Scheme is to improve the terms on offer to businesses.
If Funding Circle can offer you a business loan for the same amount on similar or better terms, without requiring the guarantee provided by the scheme, they will do so. The rate you will get will vary based on your circumstances.
Representative Example: The representative rate is 11.79% APR (fixed) so if you borrow £100,000 over 72 months at a rate of 9.4% p.a. (fixed) you will repay £137,779 in total.
Fluidly Business Loan
Loan Type
Unsecured term loan
Loan amount
£15,000 to £500,000
Representative APR
7.9% APR
Loan term
6 months to 60 months
View funding solutions available to you in under 30 seconds. Fluidly's 5* rated specialists will support you in applying to the best products for you.
Fluidly is a credit broker not a lender. Minimum 2 year of trading and £100k turnover pa.
Representative Example: The representative rate is 7.9% APR (fixed) so if you borrow £100,000 over 24 months at a rate of 4.00% p.a. (fixed) you will repay £104,219.84 in total.
Funding Options Business Loans
Loan Type
Asset finance
Loan amount
£10,000 to £2,000,000
Representative APR
6.03% APR
Loan term
12 months to 84 months
Funding Options is a Credit Broker and not a Lender. Their APR starts from 2.75% and has an average of 6.03%. They can help you prepare and submit your Coronavirus Business Interruption Loan Scheme application through multiple CBILS accredited Lenders.
Minimum Turnover is £60,000 with 12 months minimum trading.
Representative Example: The representative rate is 6.03% APR (variable) so if you borrow £50,000 over 24 months at a rate of 6.03% p.a. (variable) you will repay £53,114.16 in total.

Last update: 8 September, 2020

How to get the right business car loan

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:

  1. Work out how much you need to borrow

  2. Know how much money you have for a deposit, if any

  3. 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.

Types of business car finance

There are four main types of vehicle finance:

  1. 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.

  2. 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.

  3. Finance lease: your business leases a vehicle but owns it from the outset.

  4. 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.

What about asset finance?

Another option is asset finance, where the lender purchases your chosen vehicle on your behalf and then you pay them back.

Find out more about asset finance here

Vehicles you can buy on finance

You can get business vehicle finance to buy a wide range of vehicles, including:

  • Cars

  • Vans

  • Tractors

  • Buses/Coaches

  • HGVs

Business car finance FAQs

No, there are some company car finance options available with a 0% deposit, but they be more expensive.

Sometimes depending on the vehicle finance company you choose, but not all business vehicle finance policies have a mileage limit.

It depends on the finance agreement you choose, some require you to pay a final lump sum payment to own the vehicle so always check this.

Yes, your business will normally have to pass a credit check and show it can afford the finance agreement.

About our business car loan comparison

We include loans and finance deals available directly from lenders and through brokers on our panel. They are all regulated by the Financial Conduct Authority (FCA). Here is more information about how our website works.

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.