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Business vehicle finance
Whether you need cars, trucks, Heavy Goods Vehicles (HGVs) or buses to keep your business moving, our vehicle finance options can help.
Why choose us for vehicle finance?
How can vehicle finance help your business?
Buying commercial vehicles is a significant investment for any business but you don’t need to pay the full cost upfront. Vehicle finance allows you to pay monthly over different time periods to suit your business. So, you get all the benefits of using new or upgraded vehicles straight away, without impacting your business’ cash flow.
What type of vehicle finance is right for you?
There are different ways to fund your vehicle depending on what it is, whether you’re buying new or used, and if you prefer to hire your vehicle or want to own it at the end of the agreement.
Finance Lease
An affordable way to lease vehicles without owning them.
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Extend or sell at end.
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New or used vehicles.
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Fund up to 100% of price.
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12 to 60 months.
Business Hire Purchase
Our most popular finance option helps you spread the cost.
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Option to own at end.
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New or used items.
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Fund up to 90% of price.
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12 to 60 months.
Vehicle Contract Hire
A cost-effective way to lease brand-new vehicles without owning them.
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Return the vehicle at end.
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New vehicles only.
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No deposit needed.
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24 to 60 months.
Why choose Lloyds Bank for Asset Finance?
Other car finance options
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If you’ve bought a vehicle using cash or your overdraft in the last six months* then we can lend you up to 90% of the value of that purchase.
You can then repay us over a period of 12 - 60 months. Once all repayments are made, you will own the vehicle again.Note you must be VAT registered.
*Three months if you’re in Scotland.
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Pay a lower interest rate on repayments, when purchasing electric vehicles, with Lloyds Bank’s Green Asset Finance.
Funding can support electric, selected hybrid and hydrogen vehicles. These include:
- cars
- vans
- buses
- coaches
- two-wheeled vehicles
- HGVs.
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 vehicles valued over £25,000.
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Protect your business when buying vehicles from outside the UK for £100,000 or more.
You can spread the cost over an agreed time period. We will only pay the supplier when they meet their obligations.
This helps protect your investment, and means your cash flow is not significantly impacted by the purchase.
Frequently asked questions
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The vehicles that you use to carry out your day-to-day operations are classed as a business asset. Commercial vehicle finance is a type of asset finance that allows you to spread the cost of the vehicle over time. This helps 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.
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You can use Hire Purchase or Finance Lease for most types of new or used vehicles for your business, subject to qualifying criteria, including:
- Cars
- Buses
- Coaches
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HGVs)
- Commercial vehicle trailers
- Tractors
- Forklift trucks
- Motor caravans
- Motorcycles
- Taxi cabs
If you want to lease a new vehicle through Contract Hire, you’ll need to check what your contract hire provider offers and their terms and conditions. Our partner, Lex Autolease, has relationships with all the leading vehicle manufacturers and can offer extensive leasing options on new vehicles up to 3.5 tonnes.
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Vehicle 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.
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Pricing is tailored on the asset you want to buy or lease.
Terms and conditions
Asset Finance - £0 Arrangement Fee Offer – Terms and Conditions
- To qualify for this offer, the finance agreement must be originated through our digital channels. Applications submitted through other channels do not qualify.
- This offer is available for agreements completed between 2 February 2026 and 31 December 2026. After this date, standard arrangement fees will apply.
- The arrangement fee for eligible agreements will be £0. All other standard terms and conditions of your finance agreement remain unchanged.
- Existing policies or agreements are not eligible for refinancing under this offer.
- This offer is subject to status and lending criteria.
- The offer is subject to change or withdrawal at any time without prior notice. If the offer is withdrawn before your agreement is completed, the standard arrangement fee will apply.