Vehicle finance
Vehicle finance to keep your business heading in the right direction.
With Rise Funding, you can:
- Compare lenders, rates and fees
- Dedicated finance specialist assigned to you
- Funding in as little as 24 hours
Keep your vehicles running
Vehicle financing options will help you keep your business afloat, for whatever reason you might need a vehicle. This could be for delivery businesses, construction, agriculture, or your personal business operations.
The amount of money you’ll need and how long you’ll take to pay it back will depend on your business’s circumstances. That’s why we offer tailored quotes and access to a range of lenders. We also assign you a dedicated finance specialist to help sift through your options.
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Interested in a business vehicle loan?
See if a vehicle loan is right for you with a funding application – it only takes two minutes.
£0.00
* this interest rate is a 'flat rate' and not an APR. 6.9% rate and longest term are based on the absolute lowest risk businesses and do not include any lender arrangement fees that may apply. This calculator is purely for illustrative purposes only. Rates, terms and amounts will vary depending on your businesses circumstances.
What types of businesses can benefit from vehicle finance?
Vehicle finance can benefit a wide range of businesses, essentially any organisation that relies on cars, vans, trucks, or specialist vehicles to operate effectively.
Construction
Contractors, builders, plumbers and electricians need vans, pickups and trucks to transport their tools, materials and equipment. Vehicle finance allows businesses to upgrade fleets and keep vehicles running.
Transport and courier services
Haulage companies, delivery firms, and last-mile couriers need reliable fleets. Financing spreads costs, making it easier to expand operations or replace vehicles regularly.
Retail & wholesale businesses
Distributors and wholesalers often need vans or trucks for deliveries. Financing helps businesses align payments with cash flow from ongoing sales.
Hospitality
Restaurants, hotels, and catering companies may require vehicles for food delivery, event transport, or supply collection. Finance helps with scaling up services quickly during peak demand.
Healthcare & care services
Care providers, home healthcare businesses, and medical service companies often need cars, minibuses, or ambulances. Vehicle finance supports reliable, compliant transportation without heavy upfront costs.
Agriculture
Farmers and agricultural businesses can use vehicle finance to fund crucial machinery and transport, such as tractors, combine harvesters and other utility vehicles such as ATVs and UTVs.
Why would I need vehicle financing?
Vehicle financing is useful for any SMEs that rely on business
Keep your fleet running
Vehicle financing means you don’t need to tie up large sums of money in an outright purchase. Instead, you can spread the cost over manageable monthly payments. This keeps more working capital available for day-to-day operations and growth opportunities.
Access newer vehicles
Financing gives you the ability to drive newer, more reliable vehicles without the heavy upfront investment. Newer models are often more fuel-efficient and have lower maintenance costs, helping your business run more smoothly.
Support business growth
If you need to take on new contracts or expand your services, vehicle financing makes it possible to scale quickly. You can add more vehicles to your fleet when needed, ensuring your business doesn’t miss out on opportunities.
Budget with certainty
With fixed monthly repayments, you’ll always know exactly what your vehicle costs will be. This predictability makes financial planning easier and helps avoid sudden cash flow surprises.
Flexible options
From hire purchase and finance leases to contract hire, there are different structures to suit different business models. This flexibility means you can choose the option that aligns with your long-term goals, whether that’s eventual ownership or regular upgrades.
How to get financing for a vehicle – a guide
If you are unsure of how vehicle financing works, or the different types of vehicle financing that might be available, read our full guide on how to obtain vehicle financing.
FAQs
The most frequently asked questions about business loans.
Vehicle finance is a form of financing that allows you to fund vehicles within your business, whether that be farming, manufacturing or delivery.
Vehicle finance allows you to buy a car by spreading the cost over time rather than paying the full price up front. Typically, you make a deposit and then make monthly payments (including interest) until the loan is repaid. The lender technically owns the vehicle until you’ve completed the payments.
The terms vary depending on the type of finance, such as hire purchase (HP), personal contract purchase (PCP), or a standard auto loan. At the end, you may own the car outright or hand it back, depending on the agreement.
This depends on your needs and the type of vehicle you require.
With leasing, you pay to use the car for a fixed period (usually 2–4 years).
- Lower monthly payments compared to financing.
- No ownership, so when the lease ends, you return the car.
- Ideal if you like driving newer models and don’t want long-term maintenance costs.
With financing, your situation might look slightly different.
- Higher monthly payments than leasing, but you may own the car at the end.
- Builds equity if you keep the car long-term.
- More flexibility to sell or modify the vehicle.
If you are looking for a short-term solution, then leasing might be more effective, whereas if you are looking for a vehicle to be part of your business for the long term, business vehicle finance might be the best option.
Yes you can, but there are some conditions to consider. Depending on how much you owe on the loan and what the vehicle is worth, the process may be different.
If the loan balance is higher than the car’s value (known as negative equity), you’ll need to pay the shortfall before trading in or roll it into your new finance deal (which increases your next payments).
If the car’s market value is higher than your remaining loan balance, the difference can be used as a deposit toward your next vehicle.
These will differ depending on the lender.
We’ll help you find the funding you need
This quote won’t affect your credit score
A dedicated finance specialist assigned to you
Funding in as little as 24 hours
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We’ll help you find the funding your business needs
We will do the heavy lifting for you, and what’s more:
- We’ll manage your application
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