The practical answer
Potentially. Lenders consider the van’s age, mileage, value, seller, condition and expected working life as well as the applicant business.
Send the seller’s quotation, registration, mileage and service history. Explain expected annual use so the proposed term can be considered against the van’s remaining working life.
Include maintenance and replacement planning in the cash forecast; a finance offer does not guarantee mechanical condition or include repairs.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: Van finance →