How can car finance help your business?

Business car finance works in a similar way to financing a car for personal use but you can fund multiple cars at the same time. It means you can spread the cost over different time periods to suit your business instead of paying the full cost upfront.

Ready to choose your business car finance?

Enquire about business car finance

Enquire about business car finance

Get a quote, apply online or speak to one of our specialists who can tailor a finance solution to your business needs.

Get started

Enquire or apply for car finance

Enquire about business car finance

Enquire about business car finance

Get a quote, apply online or speak to one of our specialists who can tailor a finance solution to your business needs.

Get started

Why finance business vans?

Fund the cars you need

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

Spread the cost

Pay monthly instead of tying up cash reserves or impacting cash flow.

Choose your finance

Choose from Hire Purchase or leasing options with terms up to 120 months.

What type of car finance is right for you?

Business Hire Purchase

Our most popular car finance option helps you spread the cost.

Keys illustration
  • Option to own at end.

  • New or used.

  • Fund up to 90% of price.

  • 12 to 60 months.

More about Hire Purchase

Finance Lease

An affordable way to lease cars without owning them.

Clipboard illustration
  • Extend or sell at end.

  • New or used.

  • Fund up to 100% of price.

  • 12 to 60 months primary lease.

Request a callback

Vehicle Contract Hire

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

Vans illustration
  • Return vehicle at end.

  • New only.

  • No deposit.

  • 24 to 60 months.

More about Contract Hire


Let's talk about Hire Purchase

Lloyds Bank have been providing asset finance solutions for many years. We have a team of specialists on hand to make sure you get the right support and the help you need to choose the solution that is right for your business.

Work out your repayments

Work out your repayments

Use our illustrative calculator to understand the monthly cost for Business Hire Purchase.

Get started

Other car finance options

  • Sale & Hire Purchase Back can help spread the cost of a recent car purchase and release money back into your business.

    If you’ve bought a car for your business using either cash or your overdraft in the last six months (if you live in England and Wales, or three months if you’re in Scotland), Sale & Hire Purchase Back could help you release cash flow by paying for it monthly instead.

    You won’t need to pay a deposit and can choose to make repayments over 12 to 60 months.  At the end of your agreed term, you’ll own the car again.

    Request a callback

  • Discounted finance for electric and selected hybrid cars with Lloyds Bank’s Clean Growth Financing Initiative (CGFI).

    Funding can support electric, selected hybrid and hydrogen cars. We also provide financing for the infrastructure you need to support low-carbon transportation such as charging points.

    The discount is available for five years on assets valued at over £25,000 and linked to our qualifying green purposes.

    More about green asset finance

  • Manage risk and protect cash flow when buying cars from overseas.

    Spread the costs of car purchases over £100,000 from overseas. The money is only released when your supplier meets their obligations to help protect your investment.

    More about Capital Import Finance

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.

More from Asset Finance

How Asset Finance can help you grow

We explain what Asset Finance is, and how you can use it to finance vehicles or equipment that can help grow your operations.

Read the guide

How to grow your business

To grow a resilient business that’s around for the long term, you must plan for sustainable growth. That means understanding the current situation and having a vision for the future.

Read the guide

Eligibility criteria and terms and conditions apply.

Important Legal Information

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB:

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.