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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

Do you offer finance for vans?

Hello, i'm after a commercial vehicle. Can you finance new vans and what is the best rate that you can do?

I have proof of income if required, have clean credit and am on the voters roll at my current address. Thanks

Posted by graham revell on

Answer.

Hi Graham, thanks for using our Q&A.

Yes we do offer van finance however, the lenders that we deal with only finance vans that are under 5 years old so that puts you in the right category.

The best rate we can offer on van finance is 6.9% as not all lenders we deal with offer commercial vehicle finance. As you have a good credit history we should be able to get you accepted with no issues at all and the fact that you have a stable residential history and proof of income is great too!

Please make an application and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Edwin

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Question.

Hi, would i be able to get van finance, i have a good credit rating with a score of 973 , however i do have a settled ccj on my record which was settled in October 2011. Thanks, Sam

Posted by Sam Moore on

Answer.

Hi Sam, yes - we'd be able to help. However, we only finance vans that are less than 3 years old. How much are you looking to spend? Edwin

Posted by on

Question.

Around £200 per month over 4 or 5 years, with around £2000 deposit. Thanks

Posted by Sam on

Question.

Can I borrow just £3000 for a 55 plate van?

Posted by Darren on

Answer.

Hi Darren, as long as we can get you approved we do have one lender that can help you out. Please apply when you're ready. Edwin

Posted by on

Question.

I have a 10 year old transit and i've had it for seven years. I'm looking for an 08/09 transit and i need finance. I have poor credit due to financial problems a few years ago.

Posted by Paul Burns on

Answer.

Hi Paul, we do have one lender that allows people to buy vans with a bad credit history. The good news is that you will have a deposit in the current van you own. Please apply when you're ready. Regards, Edwin

Posted by on

Question.

Hi i have started my own business 8 months ago and currently turning over 40,000 per month with a 10,000 profit per month.i have 2 defaults on my file and a couple of late payments .I can prove income with bank statements would it be possible to get van finance

Posted by Chris on

Answer.

Hi Chris, Thank you for your question. Due to it being specifically van finance which you require we are limited to the number of lenders we can get you approved with. We do work with a lender who will finance vans for people who have experienced credit issues, however they require you to be self employed for at least 12 months. It may be worth waiting until this is the case. I hope this helps. Thanks Edwin

Posted by on

Question.

I have seen a van 2009 mercedes sprinter from mercedes dealership, the price is 13140, I'll be paying 4000 deposit so I need finance of 9140?

Posted by Adeel on

Answer.

Hi Adeel, Thanks for using our Q&A. Yes we do offer van finance .The lender who will finance vans will lend up to £10k (based on your credit profile) so hopefully we should be able to help you. You will need to make an application so we can try our best to place you with this lender. Thanks Edwin

Posted by on

Question.

Hi Edwin I am in need of van finance i am a builder and the last few years have been hard in terms of maintaining regular work in the building industry which has given me a poor credit rating. However business is now improving and I need a used van. I know I am honest and in a position to support the payments but need a lender with a sensible rate to support me can you advise

Posted by Clive on

Answer.

Hi Clive. Thank you for your question. The good news is we do deal with lenders who will finance commercial vehicles. However there rates are slightly higher than those you would find on the highstreet. However this is because they are willing to lend to higher risk customers such as yourself. Unfortunately due to having previous credit issues you will need to pay the higher rates (circa 10-25%). However this lender doesn't require a deposit. Please make an application so we can try our best to place you with the appropriate lender. You are not committing to anything by putting an application through so if the interest rates are higher than you would want to pay then you can leave it. Thank you. Edwin

Posted by on

Question.

Hi Edwin thanks for your reply re Van Finance I would expect to pay a higher rate as long as it is sensible can you advise how to apply Kind Regards Clive Mckenna

Posted by Clive Mckenna on

Answer.

Hi again Clive. No problem, glad I could help. To apply there is an apply button on the top right hand corner of our home page on our website. Alternatively you can give one of our advisors a call on 0161 274 0810

Posted by on

Question.

I have had bad credit in the past and still have debits which I am paying off. These debts have come about as i was vitim of crime. I have been in full time employment for the past five years and I have got finance on a car which ends in two months. Every thing has been paid on time over the last five years. I am looking to buy a van for £4500. I have £500 but need to borrow the £4000. can you help

Posted by John on

Answer.

Hi John. Here at carfinance247 we deal with most lenders on the market and some of these lenders will commercial vehicles. The fact that you have previously kept up payments on a hp will help as it gives the lenders an idea of how you will respond to repayments. Please make an application when you can. Thanks, Edwin

Posted by on

Question.

I am in a Debt management Plan, run my own business which has been trading for 10 years, will I still get finance through your company?

Posted by Timcollins on

Answer.

Hi Tim, we do have a lender that helps people in DM plans get van finance. I can't promise an approval but there's certainly a good chance if you can prove your income, have a deposit and are on the electoral roll. Kind Regards, Edwin

Posted by on

Question.

Hi, i'm looking to get finance on a VW Transporter around 05-08 plate.

My credit rating is 674 and have just applied to be on the electoral roll so will be on this when applying too. I take home around £1250 a month after tax and i'm after around £6000. Would Volkswagen finance be possible with little or no deposit?

Posted by Rob Marvin on

Answer.

Hi Rob, thank you for your question.

As you have a fair credit score, a decent income and the fact that you're getting on the electoral roll we shouldn't have any problems at all getting you the £6000 that you need without a deposit.

Please make an application and once approved we provide a no obligation quote and you can buy a car from any dealer in the UK. Kind Regards, Edwin

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Question.

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Posted by Mark Hubbard on

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