Specialist
Commercial Vehicle Finance and Leasing
For buying and refinancing Commercial Vehicles
Speak to us today...
For buying and refinancing Commercial Vehicles
Speak to us today...
High quality prestigious car finance solutions for UK & international clients.
We can deliver enhanced, bespoke or exclusive terms through our market knowledge.
Call us on 0203 900 4322 to discuss your requirements.
In this article, we will delve into the following topics:
Remember, the right commercial vehicle can significantly enhance your business operations, and with the right finance or lease plan, it’s more attainable than you might think.
When looking to acquire a commercial vehicle for your business, you have several finance and leasing options to consider. Each option has pros and cons to weigh up depending on your business needs and cash flow. Here are some of the options that are most popular when looking to finance a commercial vehicle:
Many reputable manufacturers offer a wide range of commercial vehicles for all sorts of specialised or more general use. All of these types of commercial vehicles that can be acquired on finance. Here are some options and price ranges as an example:
| Vehicle Type | Model | Price Range in UK |
|---|---|---|
| Vans | Ford Transit | £12,180 - £39,145 |
| VW Transporter | £40,000 - £53,998 | |
| Mercedes Sprinter | £32,465 - £52,050 | |
| Trucks | Scania | £6,450 - £17,750 |
| Mercedes | £24,500 - £49,500 | |
| MAN | Prices vary | |
| DAF | £2,950 - £34,750 | |
| Refrigerated Vans | Thermo King | Prices vary |
| FRIGOBLOCK | Prices vary | |
| Tipper Trucks | Mercedes | £11,950 - £49,500 |
| Iveco Eurocargo | £22,950 - £42,500 | |
| Renault (various models) | Prices not readily available | |
| Minibuses | Ford Transit | £23,998 - £53,998 |
| VW Transporter | £33,588 - £53,998 | |
| Mercedes Sprinter | £23,998 - £41,998 | |
| Specialist Vehicles | Cherry Picker (Various Models) | Around £200 per day |
| Concrete Mixer (Various Models) | £225.99 - £659.99 | |
| Road Sweeper (Various Models) | £14,995+ |
When it comes to commercial vehicle finance and leasing in the UK, understanding the tax implications is crucial. The type of finance or lease agreement you choose can have a significant impact on your tax liabilities.
For instance, if you opt for a business vehicle lease, you may be able to reclaim up to 100% of the VAT on your monthly payments if your company is VAT-registered. However, this depends on the extent of private use of the vehicle. If the vehicle is used solely for business purposes, you can claim up to 100% VAT back on the initial rental and monthly instalments.
In terms of corporation tax, limited companies can claim up to 100% of the monthly payments back through their corporation tax bill. This also applies to costs such as maintenance packages alongside your lease agreement. However, this benefit applies according to company car emissions as determined by allowances set by HM Revenue and Customs (HMRC).
The responsibility for maintenance and insurance of a financed or leased commercial vehicle typically depends on the type of agreement.
In a contract hire arrangement, all maintenance and wear and tear are usually the responsibility of the lender. This means that the finance company takes care of servicing and maintaining the vehicle, providing you with peace of mind and predictable costs.On the other hand, with a finance lease, you hire a commercial vehicle for a fixed period but take on maintenance costs yourself. This means you would be responsible for servicing the vehicle and carrying out any necessary repairs.
When it comes to insurance, it is typically the business that must ensure the vehicle is insured. The insurance policy that covers the car must be the company’s motor vehicle insurance policy and in the company’s name. This means that the individual who drives the car will not necessarily need to have any motor vehicle insurance.
Understanding these responsibilities is key to choosing the right finance or lease option for your business. It’s always a good idea to consult with a financial advisor, like us at Clifton Private Finance, or accountant to understand the best option for your specific needs and circumstances.
Typically, at the end of an asset finance agreement, you’ll have three options:
Consider costs, business needs, and the vehicle's condition to determine the best option. Discuss requirements with your asset finance provider ahead of time.
Finding the best deal for commercial vehicle finance and leasing can be a daunting task, especially if you are not familiar with the different options, terms, and conditions. That’s why using a finance broker can help you get the best deal and the most suitable option for your purchase. At Clifton Private Finance, we can help you:
At Clifton Private Finance, we are a leading finance broker in the UK, and we specialise in commericial vehicle finance. We have access to multiple asset finance lenders, and we always compare the best options to offer you bespoke finance solutions that suit your needs and budget. We can also help you with any type of commericial vehicle - from minivans to trucks, and specialised vehicles depending on the business.
If you are interested in buying a commericial vehicle on finance, contact us today and speak to one of our expert advisers. We will be happy to answer any questions you may have, and provide you with a free, no-obligation quote. We look forward to hearing from you soon.
Call us today to discuss your requirements on 0203 900 4322
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
.png)
