Ready to choose your business car finance?

Business car finance

Choose a car finance option that puts you in the driving seat. Spread the cost and make your cashflow work for you.

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Check if your business can apply

Why choose us for car finance? 

Cars to take you further

Accelerate your business with cars that improve productivity, efficiency or sustainability.

Monthly payments

Free up cash flow with monthly payments, instead of tying up your cash reserves.

Finance to own or lease

Choose from Hire Purchase or leasing options with terms up to 60 months.

How can car finance help your business?

Business car finance works similarly to personal car finance, but you can fund multiple cars at the same time. So you can spread the cost over different time periods to suit your business instead of paying the full cost upfront.

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What type of car finance is right for you?

There are different ways to fund your car depending on whether you’re buying new or used, and if you prefer to hire it or want to own it at the end of the agreement.

Finance Lease

An affordable way to lease vehicles without owning them.

Finance lease icon

  • Extend or sell at end.

  • New or used vehicles.

  • Fund up to 100% of price.

  • 12 to 60 months.

Get a call back

Business Hire Purchase

Our most popular finance option helps you spread the cost.

Hire Purchase icon

  • Option to own at end.

  • New or used items.

  • Fund up to 90% of price.

  • 12 to 60 months.

More about Hire Purchase

Vehicle Contract Hire

A cost-effective way to lease brand-new vehicles without owning them.

Vehicle contract hire icon

  • Return the vehicle at end.

  • New vehicles only.

  • No deposit needed.

  • 24 to 60 months.

More about Contract Hire

Why choose Lloyds Bank for Asset Finance?

 

Talk to an asset finance specialist

Get an indicative quote now and one of our specialists will call you back.

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Tailored pricing

Using over 40 years of experience, we'll tailor pricing to your business needs.

Can your business apply?

You can apply for car finance if:

  • you are a new or existing Lloyds Bank customer
  • your turnover is more than £100,000 per annum
  • you have been trading for a minimum of 13 months
  • you are UK-based
  • the asset is for use in your business.

Keep in mind

  • Assets and suppliers will be subject to a vetting process
  • You’ll be responsible for maintenance, repairs and keeping the asset insured
  • If you decide to go ahead, it will be subject to an affordability assessment and full credit reference agency check
  • Assets may be repossessed if you don’t keep up your repayments.

Frequently asked questions

  • The cars you use to carry out your day-to-day operations are classed as business assets. Our business car finance is a type of asset finance that allows you to spread the cost of the vehicle over time. This helps you to manage cash flow as you won’t have to pay the full cost upfront and makes budgeting easier as you’ll pay monthly costs instead.

  • You can use Hire Purchase or Finance Lease for most types of new or used cars for your business, depending on qualifying criteria.

    If you want to lease a new car through Contract Hire, you’ll need to check what your contract hire provider offers and their terms and conditions.

  • Car finance is used solely for buying or leasing a specific agreed vehicle. It uses the value of the vehicle as the security for the finance you need to borrow to buy or lease it. At the end of your agreement, you’ll have different options including owning your vehicle, returning it, selling it or extending your lease.

  • Pricing is tailored on the asset you want to buy or lease.