Why Van Finance is the Smart Choice for Small Businesses

26th July 2023

Running a small business comes with its own set of challenges and opportunities. One of the significant decisions to make is how to acquire the assets necessary to keep your operations running smoothly—specifically, vehicles like light commercial vans. At Car Finance Northern Ireland, we’ve been assisting locals for over 15 years in making the best possible vehicle finance decisions. Here’s why opting for van finance might be the smartest move you can make for your small business.

Cash Flow Preservation

Small businesses often operate with tight cash flows. Purchasing a van outright can put a significant dent in your working capital. Van financing options like Hire Purchase or Personal Contract Purchase (PCP) allow you to preserve that vital cash flow for other essential aspects of your business, such as inventory, marketing, or payroll.

Greater Flexibility

Van finance offers incredible flexibility to suit your specific business needs. With access to over 15 lenders and a range of over 50 tiered products, you can secure a tailored deal based on your personal circumstances and credit rating. Whether you’re looking for short-term arrangements or longer commitments, you’ll find something that fits.

Keeps Your Fleet Modern

Van finance enables you to upgrade your vehicle at the end of the term. This means you can always have access to the latest models equipped with modern features and better fuel efficiency. In a small business, the state of your assets reflects on your business image. A well-maintained, up-to-date fleet can say a lot about the quality of your service.

Tax Benefits

Financed vans often come with tax advantages. Payments can sometimes be written off as business expenses, thereby reducing your taxable income. However, the specific benefits can vary depending on the type of finance arrangement and your business structure. It’s always best to consult a financial advisor to understand how financing can work in your favour tax-wise.

Access to High-quality Vans

Having a good credit score isn’t mandatory for securing van finance. We specialise in all types of credit backgrounds, so even if your business is new or you’ve had credit issues in the past, there’s a good chance we can assist you. Our unique tiered model ensures the best possible deal for you while adhering to the Financial Conduct Authority’s (FCA) guidelines on treating customers fairly.

Simplified Ownership Transition

When you finance a van, you’re often given the option to own it at the end of the term, providing a hassle-free transition from leasing to ownership. This is especially beneficial if you find a particular model that fits your business needs perfectly.


Van finance is not just an alternative to buying a van outright; it’s a smart business strategy. With options to suit every need and budget, it’s the flexible, cost-effective solution that small businesses in Northern Ireland have been looking for.

If you’re in Northern Ireland and thinking about financing a van for your small business, give Car Finance Northern Ireland a try today. Our staff are SAF Approved and ready to help you make an informed decision. Call us now at 028 9694 3349 or visit our LCV/Van Finance page to learn more.