Specialist

LCV Finance and Leasing 

For buying and refinancing light commercial vehicles (lcv's)

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lcv finance and leasing

Clifton private finance

We specialise in sourcing light commercial vehicle finance and leasing in the UK

 

High quality LCV finance solutions for UK & international clients.

  • Finance from £25,000
  • Competitive vehicle finance that often outperforms in-house car dealer offers
  • Flexible finance options which includes: Personal loans, Personal contract Purchase (PCP), Hire Purchase, Lease Purchase
  • Tailored bespoke service
  • Refinance options
  • Flexible repayment periods
  • Finance available on new, used and auction bought light commercial vehicles
  • Business owners - Refinance existing assets to free up your company's liquid capital
  • Business owners - Cashflow matched repayments
  • Asset finance for light commercial vehicles (lcv's)

We can deliver enhanced, bespoke or exclusive terms through our market knowledge.  

Call us on 0203 900 4322 to discuss your requirements.

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LCV Finance and Leasing

At Clifton Private Finance, we understand that Light Commercial Vehicles (LCVs) are the backbone of many businesses across the UK. LCVs refer to a range of vehicles specifically designed for commercial use, with a maximum mass not exceeding 3.5 tonnes. These versatile vehicles include vans, pick-up trucks, and minibuses, which are pivotal in facilitating the smooth operation of businesses, from local trades to national delivery services.

Article Overview

In this article, we will explore the intricacies of financing and leasing options for LCVs, ensuring your business has the means to thrive without the financial burden of outright vehicle ownership. Our discussion will cover:

Remember, selecting the right commercial vehicle with an appropriate finance or lease plan can significantly enhance your business operations. With Clifton Private Finance, it’s more attainable than you might think.

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Different Options Available for LCV Finance and Leasing

We specialise in providing bespoke financial solutions for Light Commercial Vehicles (LCVs). Understanding that each business has unique needs, we offer a variety of finance and leasing options tailored to LCVs. Here are the most popular choices for financing these essential assets:

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Popular Types of Commercial Vehicles You Can Buy on Finance

Many reputable manufacturers offer a wide range of light commercial vehicles for all sorts of specialised or more general use. All of these types of LCVs can be acquired on finance. Here are some of the options, along with price ranges, as an example:

 
Vehicle TypeModelPrice Range in UK
Vans Ford Transit Custom £20,000 - £35,000
  VW Transporter £25,000 - £40,000
  Mercedes-Benz Sprinter £30,000 - £45,000
Pickups Ford Ranger £22,000 - £36,000
  Toyota Hilux £24,000 - £40,000
  Nissan Navara £23,000 - £38,000
Refrigerated Vans Renault Kangoo Z.E. £25,000 - £32,000
  Citroën Berlingo £15,000 - £25,000
Minibuses Ford Transit Minibus £30,000 - £50,000
  Vauxhall Vivaro Minibus £28,000 - £38,000
Electric Vans Nissan e-NV200 £20,000 - £30,000
  Renault Master Z.E. £45,000 - £60,000

In terms of financing and leasing options, Clifton Private Finance offers a range of solutions to suit different business needs and preferences. Whether you’re looking for a Hire Purchase, Finance Lease, or Contract Hire agreement, we can provide tailored advice to help you make the best decision for your business.

Tax Implications for LCV Finance and Leasing

Navigating the tax landscape for LCV finance and leasing is a critical aspect of financial management for UK businesses. At Clifton Private Finance, we’re committed to guiding you through the complexities to optimise your tax position.

  • VAT on Leasing: If your business is VAT-registered, you may reclaim 50% of the VAT on lease rental payments, irrespective of the level of private use. For maintenance charges invoiced separately, you can reclaim 100% of the VAT. This is particularly beneficial for businesses that utilise LCVs primarily for commercial purposes.
  • Corporation Tax: Limited companies can claim tax relief on the monthly finance payments for LCVs, which can be deducted from the corporation tax bill. The extent of relief may vary based on the vehicle’s CO2 emissions, with more efficient vehicles potentially offering greater tax advantages.
  • Vehicle Excise Duty (VED): For LCVs, the road tax is set at a flat rate, which is simpler and generally more economical than the tax rates for passenger cars. As of the 2023/2024 tax year, the cost is £320 for 12 months, subject to index-linked adjustments.

It’s important to note that tax regulations can change, and staying informed about the latest updates is crucial. For instance, changes to electric van taxes are anticipated in 2025, which could affect businesses transitioning to electric LCVs.

We provide expert advice to ensure that your LCV financing decisions are tax-efficient and aligned with your business objectives. Our team is here to help you understand the tax benefits and obligations associated with different finance and lease agreements.

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Maintenance and Insurance for LCV Finance

  • Contract Hire: With this arrangement, we handle all maintenance and wear and tear, providing a hassle-free experience with predictable costs. This includes routine servicing, maintenance, and repairs, ensuring your LCVs remain in top condition.
  • Finance Lease: In this scenario, you’re responsible for the LCV’s upkeep. It’s essential to budget for servicing and any necessary repairs over the lease term. We recommend considering a comprehensive maintenance package to manage these costs effectively.

Insuring your LCV is crucial, and it must be covered under the company’s motor vehicle insurance policy. We partner with selected insurance providers to offer competitive rates and cover for single vehicles or fleets, including commercial and private use.

End of an Asset Finance Plan

At the conclusion of an asset finance agreement, you typically have three options:

  1. Return: Simply return the LCV to us with no additional payments, an excellent choice for short-term needs.
  2. Upgrade: Apply any equity towards securing a new LCV on a new finance plan, keeping your fleet up-to-date.
  3. Buy Outright: Make the final balloon payment to gain full ownership of the LCV, suitable for long-term use.

Each option has its considerations, such as costs, business requirements, and the LCV’s condition. We’re here to discuss these with you, ensuring a smooth transition at the end of your finance plan.

For tailored advice on LCV maintenance, insurance, and end-of-plan options, Clifton Private Finance is your dedicated partner. Ready to explore the next steps or is there another aspect you’d like to discuss?

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Using a Finance Broker to Help

Finding the best deal for LCV finance and leasing can be challenging, 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.

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If you are interested in buying a LCV 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

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