Self-Employed Van Finance

How a van could help your business

As a van finance lender we get asked if we will finance someone who is self-employed, the answer is: yes, so long as you bank your income.

Representative 38.9% APR, First Response Finance

You may be looking for van finance for a number of reasons, maybe you're self-employed, in the construction trade, are a mobile hairdresser or just need something to get you from A to B.

Make an application

Our criteria

As a self-employed applicant we ask that you bank your income and have been self-employed for at least 12 months.

Whatever type of van you’re looking for it’s likely that we can help as we can finance most types of vans, from short wheelbases to long wheelbase transits and most things in between.

  • We’re unable to finance VAT for any self-employed van finance
  • Diesel max mileage of 160,000 and petrol 120,000
  • Available between 18-60 months
  • Must have 12 months being self-employed

Van finance from First Response Finance

We’re different from a lot of other van finance companies as we speak to the majority of our customers before making a decision on their finance.

This means that we don’t just look at your credit file, we will try to talk to you to understand your circumstances and reasons behind any issues or blips you may have had in the past. 

Make an application

Van finance available for self employed customers

The risks of van finance

The majority of customers who take van finance are self-employed, so there is always going to be a risk associated with it.

We understand that not everyone has a perfect credit history and this is fine. We’re a company who focus on customers with bad credit histories (not currently in bad credit) as we believe these customers deserve a second chance.

We’ll do our best to assess whether your circumstances to make sure it's right for you.

Hire Purchase Pros & Cons

Take a look at the pros and cons of Hire Purchase van finance below and make sure you understand the implications and any potential issues of taking out a loan.

Pros
  • Simple to arrange
  • Fixed monthly payments
  • Fixed interest rates
  • Flexible term lengths 18-60 months
  • Vehicle belongs to you after final payment
  • Deposits not required
  • No annual mileage restrictions
  • You are protected under the Consumer Rights Act 2015
Cons
  • The vehicle is at risk of repossession if you do not keep up repayments
  • You do not own the vehicle until your final payment
  • Hire Purchase is not suitable if you plan on paying off your loan within 6 months
  • Finance is subject to status and not guaranteed

If you're interested in finance make sure you read our application process to understand how your application will be dealt with.

Make an application

Did you know? First Response Finance are a lender, which means we lend our own money to keep things simple, cut out the middle man and reduce the time it takes to give you a decision.

If you have any questions regarding finance products, debt or budgeting you can source independent advice from either:

Money Advice Service

Citizens Advice Bureau