Self-employed van finance

Yes, vans obtained on finance by self-employed individuals are tax deductible in the UK. However, how you claim the tax deduction depends on the finance agreement type, accounting method, and business vs. personal usage. Under a Hire Purchase agreement, HMRC treats you as the owner of the van from the date you take delivery. 

This means you can claim tax deductions on the van's purchase price, interest charges and running costs. 

We can't guarantee van finance for anyone who applies, whether you're self-employed or not. We have a duty as a responsible lender in that we can only approve applications based on several criteria. So, while we can't guarantee van finance if you're self-employed, we'll always do everything we can to offer you an agreement on terms that you can afford.

Every case is different, but we usually find it takes a few days between submitting your application and getting the keys to your new van. However, if you're organised, you could get your quote, choose your vehicle, send in your paperwork, and sign your agreement all in one day.

Yes! If you're in a position to settle your finance ahead of the scheduled end of the term, you can do so without any early repayment charges. It will save you money in the long run, as it will reduce the amount of interest you need to pay. So, you'll have more funds to invest back into your business.

No, there are no fees or charges on our van finance for self-employed customers, or anyone else. All you have to pay are your deposit (if applicable) and your fixed instalments.

No, we don't finance VAT. It must be paid up front with your deposit or part-exchange (if applicable). So, if you wanted to buy a van that was priced at £5,000 including VAT, we would only finance £4,000, which means that you'd need to pay £1,000 to cover the VAT.

Yes, you can. We appreciate that being self-employed may mean you have a patchy credit history, or no real history to speak of. And while other lenders may see that as a reason to rule out your application immediately, we like to think a little differently. We know that there's so much more to you than just your credit score, and we've specialised in offering bad credit motor finance for more than 20 years. So, if you're worried about your rating holding you back, we may still be able to help you.

Check out our 'Bad credit van finance' page to find out more!

Yes, we can provide self-employed van finance to customers who have defaults and/or county court judgments (CCJs).

If you have an individual voluntary arrangement (IVA), we can only consider providing you with vehicle finance if you have the express permission of your Insolvency Practitioner. We recommend that you get this before you apply.

When you first apply, we'll do a soft credit check. This shouldn't have any impact on your score. In order to approve your finance, we'll need to do a hard check, which will show up on your file. But if you go ahead and make all your repayments in full and on time, it will show that you can be trusted to handle credit responsibly, which can improve your score.

No, we only offer finance on vehicles bought from FCA-authorised dealerships.