Are Creditplus able to offer commercial vehicle finance?

Approved by the Car Finance Advisory Board

Do finance options differ for commercial vehicles?

This is a popular question, and we've provided more guidance here on queries customers have about financing a commercial vehicle.

Do you provide van finance?

Yes. To find out more please visit our commercial van finance help section.

What's a Commercial Vehicle?

There can often be a lot of confusion when it comes to working out what is a commercial vehicle and what isn’t. To make it easier to understand, visit our Commercial Vehicle page, where we provide some further insights into how you can differentiate between the two.

In this section: Weight Restrictions

What type of commercial vehicles can Creditplus finance?

There are very few restrictions as to what commercial vehicles we can and can't finance. All that we ask is that the commercial vehicle doesn't exceed 3.5 tonnes in weight, is no more than 5 years old at the beginning of the finance agreement and doesn't exceed more than 100,000 miles on the clock at the start of the finance agreement.

We have a diverse panel of lenders who'll look at financing all different types of commercial vehicles from vans and taxis to horseboxes and ice cream vans. If in doubt, it’s always best to check with one of our friendly and experienced Customer Advisors either by calling 0800 1777 290 or using our LiveChat function. 

What can I use my commercial vehicle for?

The majority of commercial vehicles that we finance are used solely for business purposes, however, we do have customers wanting to finance commercial vehicles for reasons other than business. We're happy to honour these circumstances as long as the vehicle is not going to be used for their own gain, for example to make money from.

Is a taxi considered a commercial vehicle?

Yes, taxis are considered as commercial vehicles because they're used in conjunction with a business and as a means of generating income. We do finance taxis, however this is not something we specialise in and therefore only have one lender who might consider this. Our Customer Advisors will be able to advise you further on this.

How do I reclaim VAT on a commercial vehicle?

You may be eligible for a VAT refund. Reclaiming VAT on a commercial vehicle is relatively easy as long as you can meet the following guidelines set by HM Revenue & Customs. Some of the popular queries that our customers have around reclaiming VAT can be found here.

In this section: VAT

Who qualifies for commercial vehicle finance?

Anyone can qualify for commercial vehicle finance. However our ability to find a loan will depend on how the vehicle will be used. For more information, please get in touch with one of our Customer Advisors.

Published: 16/05/2016
Last Updated:31/01/2019
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Got a question for us?

If you require further assistance, our team of Customer Advisors are here to help. We're open six days a week - you can view our opening hours here - and we're more than happy to answer your questions.