What Is Commercial Vehicle Finance?

Commercial vehicle finance allows businesses to acquire vehicles by paying in affordable instalments rather than all at once. There are several types of finance agreements available, including:

• Hire Purchase (HP): Fixed monthly repayments, leading to full ownership at the end of the term. tmFinance Lease: Rent the vehicle for a fixed period with options to upgrade or extend at the end of the term.
• Operating Lease/Contract Hire: Use the vehicle for an agreed-upon term and return it at the end.
• Balloon/Final Payment Options: Lower monthly repayments with a final lump sum, allowing you to own the vehicle outright. This flexibility allows you to select the optimal structure for your business goals and cash flow.

Why Use Commercial Vehicle Finance?

Here are the main businesses that turn to finance solutions instead of outright purchase:

• Protect Your Cash Flow - Spread the cost over time and keep more capital available for other areas of the business, such as staff, stock, or marketing.
• Upgrade to Modern Vehl - Reduce downtime and running costs with newer, more reliable, and fuel-efficient vehicles.
• Flexibility & Choice - Select repayment terms, deposits, and vehicle types that best suit your business needs. Whether you need a single van or a fleet of HGVs, finance makes it achievable.
• Tax & Accounting Benefits - Leasing and hire agreements can often be treated as operating expenses, offering potential tax benefits and keeping assets off the balance sheet.
• Easier Budgeting - With fixed monthly repayments, you know exactly what your costs will be, making planning far simpler.

Typical Scenarios for Commercial Vehicle Finance

• Expanding a delivery fleet to meet new contracts.
• Replacing older vans or trucks with newer, more efficient models.
• Accessing specialist vehicles such as refrigerated vans, tippers, or recovery trucks.
• Meeting seasonal peaks in demand without committing all your capital.

The Benefits of Choosing Lincoln Finance

At Lincoln Finance, we're not tied to one lender. That means we can source from a vast pool of funders to secure competitive rates and flexible terms. Our team takes the time to understand your needs and match you with a finance structure that works for you.
With years of experience in commercial finance, we've helped businesses of all sizes invest in the vehicles they need to grow, while protecting their cash flow.

Next Steps
If you need trucks or specialist vehicles, commercial vehicle finance could be the more innovative way forward.