← Commercial Finance Answers

Vans & courier vehicles

Can a business finance different van sizes for different jobs?

Yes, a proposal can include different van specifications, but the suitability and cost of each vehicle should be explained.

The practical answer

Yes, a proposal can include different van specifications, but the suitability and cost of each vehicle should be explained.

Prepare a schedule of payload, load length, body type and expected use for each van. The cheapest purchase price may not suit a route if it requires extra trips or restricts the work carried.

If several vehicles are involved, show delivery dates and the combined monthly commitment. The lender assesses the whole exposure, and may not approve every vehicle on identical terms.

Important

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 →