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.

Enquire or apply for vehicle finance

Enquire about vehicle finance

Enquire about vehicle finance

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

Get started

Ready to choose your vehicle finance?

Enquire about vehicle finance

Enquire about vehicle finance

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

Get started

Why finance commercial vehicles?

Fund what you need

Grow your business with vehicles 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 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.

Business Hire Purchase

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

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  • Option to own at end.

  • New or used.

  • All types of vehicles.

  • Fund up to 90% of price.

  • 12 to 60 months.

More about Hire Purchase

Finance Lease

An affordable way to lease vehicles without owning them.

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  • Extend or sell at end.

  • New or used.

  • All types of vehicles.

  • 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.

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  • Return vehicle at end.

  • New only.

  • No deposit.

  • 24 to 60 months.

More about Contract Hire
 

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Let's talk about Hire Purchase

Lloyds Bank have been providing asset finance solutions for many years. We’ve got a team of specialists to ensure you get the right support and the help you need to choose the best solution 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 funds back into your business.

    If you’ve bought a car for your business using either cash or your overdraft in the last 6 months (if you live in England and Wales, or 3 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 call back

  • 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 5 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 funds are only released when your supplier meets their obligations to help protect your investment.

    More about Capital Import Finance

 

Commercial vehicles we finance

Our team of experts can tailor a vehicle finance solution to fit your commercial transportation needs including:

  • Vans, trucks and other Light Commercial Vehicles
  • HGVs
  • Commercial trailers
  • Forklift trucks
  • Buses and coaches
  • Tractors
  • Taxi cabs
  • Hybrid and electric vehicles

Frequently asked questions

  • 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.

  • 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.

  • 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.

  • 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: www.lendingstandardsboard.org.uk.

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.