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Will a finance company cover the VAT on a van purchase?

Hi, when purchasing a van on finance is it possible to have the VAT put on the finance or does it have to be paid as a deposit? Thanks

Asked by Dean

Hi Dean, thank you for your question. Unfortunately all van finance lenders will not finance the VAT on a van so that needs to be covered by yourself by way of cash deposit or part exchange. Do you have a deposit and is it a new or used van you’re after? Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 11 People

£
4 Years
Best available rate XX% APR
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Representative example: borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96


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