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What are my finance options?
Learn about our two main options to finance your vehicle.
Hire Purchase (HP)
With a Hire Purchase agreement, you can acquire the vehicle your business needs while spreading the cost over time.
• Fixed monthly payments over an agreed term.
• Preserve cash flow while gaining immediate access to essential equipment or vehicles.
• Flexibility on deposits and final lump sums for your business vehicle.
Finance Lease
A finance lease arrangement provides you with the flexibility to use your vehicle without the burden of ownership.
• Regular payments over an agreed term.
• Options to extend lease or purchase your business vehicle at the end of the term.
• Cost-effective way to access equipment or vehicles without tying up capital.
Benefits of Business Vehicle Finance
Business car finance is a practical solution for companies looking to acquire and manage vehicles without large upfront costs.
Find the perfect vehicle to suit your business needs, from HGVs to taxis, and even emergency vehicles.
Cut upfront costs and keep your cash flow strong by financing your new business vehicle instead of paying all at once.
Tax deductible: finance leases and hire purchases are both liable to tax-deduction.
Competitive interest rates: benefit from affordable interest rates that make financing your commercial vehicles cost-effective.
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Is your business eligible?
In most cases, to be eligible to apply for commercial vehicle finance through Approved, your business needs to:
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Be based in the UK
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Have a trading history of least 12 months
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Specific types of loans and associated rates can differ based on various factors, including:
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Credit history
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Business financials & revenue
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Deposit amount
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Type of business structure
Partnered
Lenders
125+
Funded For
UK Businesses
£500M
5-Star
Google Reviews
300+
Raised For
Partnered Charity
£110K
How It Works
Discover our streamlined process for securing tailored financial solutions. We keep our business finance options transparent, with no hidden fees or unpleasant surprises. This is business finance made easy. Our no-obligation application won't impact your credit score.
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01
Fast Application In Seconds
Share basic information about you, your business and finance requirements by applying online or calling.
02
Understanding Your Business
A dedicated account manager will discuss your requirements and gather necessary documentation.
03
Receive Your Free Quote
We'll discover the best deals, handle applications for you, and provide a quote with no obligations.
04
Get Your Funds Fast
Once approved, we'll get funds to your preferred business bank account or pay a supplier on your behalf.
Google Reviews
Other Approved Finance Services For You
We understand the complexities of business finance and have the expertise to secure funding for your next venture, whether it's working capital, equipment purchases, or expansion projects. With market-leading business finance products and best-in-class rates, Approved is ideally positioned to deliver your funding solution.
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