BUSINESS VEHICLE FINANCE

The road to success starts with a Business Vehicle Loan

Whether you’re looking to finance a new company car, or you’re investing in upgrading your existing fleet, applying for finance with Tide is easy.

Match with leading finance providers

Borrow from £5,000

Apply for business vehicle finance without impacting your credit score

Apply now

Already a Tide member? You can apply for a business loan and other finance directly within the Tide app.

Tide has joined forces with Funding Options, becoming the largest credit marketplace in the UK.

Providing over £1 billion in funding to more than 17,000 UK businesses, we’re on a mission to help business owners grow with confidence.

What are the benefits of Business Vehicle Finance?

Improved cash flow

Make budgeting easier with fixed monthly payments, freeing up capital for other investments.

Tax efficiency

You may be eligible to deduct your monthly payments from your taxable income, or claim capital allowances.

Better access

Secure newer, more advanced vehicles, as well as specialist vans, tucks and other commercial vehicles.

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What is Business Vehicle Finance?

Automotive business loans and finance options will help you get the vehicles you need without forking out a big upfront cost.

Instead of buying a car, van or other vehicle outright, businesses can spread the cost over time through regular monthly payments.

A business car loan, for example, works in a similar way to financing a car for personal use, except there’s the option to finance multiple cars at the same time.

What are the different types of Commercial Vehicle Finance?

Hire Purchase (HP)

Currently the most common type of business vehicle finance.

You pay the cost of the vehicle, plus interest, in instalments and just a deposit upfront.

The resale value isn’t a factor in the finance agreement, since you’ll own the vehicle at the end of the term.

You’ll own the vehicle once all payments have been made.

Finance Lease

You rent the vehicle but are responsible for its maintenance and repairs.

Typically, the vehicle is sold to a third party at the end of the lease term. If the resale value is higher than initially estimated, you may receive a share or rebate of the excess.

If the vehicle sells for less than the agreed estimate, you may be liable for the shortfall.

Contract Hire

You pay fixed monthly instalments, but the finance company retains ownership and responsibility.

Services, breakdowns and road tax are typically included in the monthly payments. There are mileage limits and no option to purchase at the end of the term.

If the vehicle’s value drops below the estimate, the finance company is responsible for that cost.

Lease Purchase

You pay monthly instalments, but you must buy the vehicle at the end - it’s not optional.

Repayments are calculated with the current price and estimated resale value in mind. You can typically expect lower repayments compared to Hire Purchase, but a higher balloon payment at the end.

You are responsible for maintenance and services.

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Are you eligible for a Business Vehicle Loan?

Your eligibility depends on the type of commercial vehicle loan you’re looking for, the amount you’re after, and the financial stability and turnover of your business.

Who’s eligible for Tide’s Business Vehicle Finance?

To be eligible for any type of business loan or credit from Tide, you must:

Be over 18

Be a UK resident

Have a UK-based business

Have a UK bank account

What do you need to apply for Business Vehicle Finance?

Basic information about your business, such as how old it is, and your annual revenue

Information on directors and shareholders

Bank statements covering the past year

Depending on your business and the business vehicle loan you need, the criteria may differ.

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We've already helped businesses secure more than £1 billion

We’ve provided funding to more than 17,000 businesses across the UK, as part of our mission to help business owners grow with confidence.

How to apply for Business Vehicle Finance

Applying for business vehicle finance through Tide is simple - we'll find a lender tailored to your business, and we only need a few details from you.

Tell us how much you need to borrow We’ll ask you how much you need, what it’s for, and for some basic information about your business.

Compare loans without impacting your credit score We’ll connect you to the largest network of lenders in the UK, so you can view affordable credit options that suit the unique needs of your business.

Apply in minutes Once approved, you’ll receive a quote from a lender you matched with.

Get a decision and receive your money Depending on the type of finance you’ve applied for, money could be available in around 24 hours.

Apply now

What can you get with a Business Vehicle Loan?

Cars

Business car finance will help you access new, used, and often electric or hybrid cars, for your Sales team, directors, or general business use.

Vans

Applying for van finance will help you access small, medium and large vans for tradespeople, delivery services, or transporting goods.

Trucks

With the right finance, you’ll get light commercial vehicles (LCVs) and Heavy Goods Vehicles (HGVs) for large-scale transportation, logistics and more.

Specialist vehicles

Business vehicle finance is also available for construction, agricultural, emergency and utility vehicles, as well as other specialist conversions like catering trucks and refrigerated vans.

Fleets

Many providers offer loans and finance for acquiring multiple vehicles at once, allowing businesses to expand or upgrade their entire fleet.

Buses and coaches

Do you need to transport a large number of guests or customers? Financing a bus or coach is available for tour operators, or internal company shuttles.

Access a range of business funding options from our trusted partners

Aaron MoOng Ong Buns

With the help of Tide and their team of business finance experts, I was able to navigate the complexities of business finance, and secure the necessary funds to grow my business.

Get funding today

How to track your business credit score

Are you wanting to improve your business credit score?

Credit Score Insights is a simple and affordable way to help you understand, track and take action to help you boost your business credit score.

Track your credit score

Get finance for all your business assets

Beyond vehicles, businesses rely on a wide range of assets and specialist equipment. From cutting-edge technology and office equipment to heavy machinery, Asset Finance can help you secure everything you need without impacting your working capital.

Explore Asset Finance

Do you need business funding for other projects?

Whether you’re stacked with overdue invoices or after more flexible funding for wider investments, we have options for you.

Business Loans

Get funding for larger business investments or long-term growth.

Explore Business Loans

Business Credit Cards

Manage cash flow, earn rewards and build your business credit score.

Explore Credit Cards

Merchant Cash Advance (MCA)

Access flexible funding that you’ll repay as a percentage of your daily card sales.

Explore MCA

Invoice Finance

Unlock cash from unpaid invoices, improving immediate cash flow.

Explore Invoice Finance

We understand businesses, it's all we do

Tide is built by business owners for business owners. That’s why we’re trusted by over 1.5 million sole traders, freelancers, and limited companies worldwide.

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