Vehicle finance

Capitalise | May 2024

Thinking of financing a car or van? Find the most affordable option for your business.

Hi {{Recipient.FirstName}},

Thinking of buying a car or van through your business? Asset finance is a great way of skipping the hefty upfront cost by spreading it over affordable monthly payments.

You can use our loan calculator to check which car or van your business can afford, without impacting your business credit score.

Let’s say, for example, you’re looking to buy a 2023 Toyota Proace City Verso. These cost around £35,000 to purchase outright. With our loan calculator, you can see what the monthly payments would be to acquire one using asset finance:

• 1 year term, 9% APR: £3,060 total monthly repayment

• 3 year term, 9% APR: £1,112 total monthly repayment

• 5 year term, 9% APR: £726 total monthly repayment

The longer the term, the lower the monthly repayments. But you’ll need a good credit score to be eligible. A shorter term is easier to get with a lower score, but you’ll have higher monthly repayments.

Check your business credit score or head straight to our loan calculator.