Business van finance calculator

Calculate an idea of monthly payments to help you choose your next van

How much will the van you’re looking at cost per month?

Get a quick estimate of the monthly payments using our online business van finance calculator.

At First Oak Capital we’re here to help businesses, like yours, get the best finance deals in the UK. One way we do this is by offering solutions for business van finance.

Do you need a van for your business? Buying one outright can be pricey, and not everyone has that kind of cash ready. Even if you do, it doesn’t always make sense to use up your working capital on expensive assets, when you can arrange to finance or lease. That’s where business van finance can help. It lets you tax-efficiently spread the cost of your van over time.

Now, it’s not always easy to work out the cost, is it? You have to consider things like the amount you’re borrowing, the time you need to pay it back, and even your credit history. Don’t worry; we’re here to make things simple. We’ve designed a handy tool called a Business Van Finance Calculator.

The Business Van Finance Calculator is a great tool because it lets you see what you might have to pay each month for your van. You just input a few details, and it does all the calculations for you. It’s a useful tool for understanding business van finance and planning your budget.

Simply enter in the loan amount you think you’ll need, the term you would like to spread it over, and give it an idea of how you view your credit history. It will then calculate an idea of the monthly payment although please bare in mind this is still subject to making a full application and a credit search being carried out.

Lease or Hire Purchase?

If you are thinking of leasing then enter the pre-VAT price of the van in the loan amount box and remember that the payments will attract VAT.

If you would like a Hire Purchase agreement then remember that you will have to pay the VAT upfront and may be required to pay a 10-20% deposit as well.

Business Van Finance Calculator

Here Is Your Finance Illustration

  • Monthly Payment :
  • Estimated Interest Rate : 5%
  • Total Amount Payable :

Get A Quote

*This interest rate is for illustrative purposes only, your interest rate may differ and will be confirmed during your application.

Credit score information

Excellent : This category is for companies with an outstanding credit rating. Your business will be profitable, well established, and have a consistent or growing turnover. With no missed payments.

Fair : This category is for companies with a decent credit rating. They have a history of making payments on time, with possibly a few missed or late payments in the past.

Poor : This category is for companies with a poor credit rating or who may have had financial difficulties in the past. This could include a County Court Judgments (CCJs) on their record.

Business van finance calculator

What is a Business Van Finance Calculator?

The world of business van finance can seem complicated, but it doesn’t have to be. A key tool in simplifying the process is our Business Van Finance Calculator. It’s a smart online tool designed to help you understand and plan your van finance.

The Business Van Finance Calculator does exactly what its name suggests. You input a few details about your business van finance, like how much you need to borrow, how long you want to pay it back, and an idea of your credit history. With these details, the calculator estimates your monthly payments.

But that’s not all. Our calculator can also factor in two types of van finance. The first is hire purchase, where you buy the van by paying in installments, with VAT paid upfront. The second is a finance lease, where you rent the van for a set period, with VAT added to your monthly payments. This gives you an idea of the total cost, helping you budget and plan your expenses.

What sets our Business Van Finance Calculator apart? It’s user-friendly, simple, and gives quick results. With it, you don’t have to be a finance expert to understand how much your van could cost you every month. It’s a stress-free way to see if business van finance is a good option for you.

So, are you ready to make informed decisions about your business van finance? Let’s take a closer look at how to use the Business Van Finance Calculator from First Oak Capital. It’s easy, and it’ll help you stay in control of your finances.

How to Use Our Business Van Finance Calculator

Figuring out how to finance your business van has never been simpler, thanks to the Business Van Finance Calculator from First Oak Capital. Using our calculator is as easy as 1, 2, 3, and here’s how you can do it:

Step 1: Enter your Loan Amount Start by inputting the amount you intend to borrow for your business van. The loan amount depends on the price of the van you’re looking at and how much you’re able to pay upfront.

Step 2: Choose the Term Next, you’ll need to decide on the term of your loan. This is how long you’ll be paying back the loan. The term can often be tailored to your circumstances, offering you flexibility.

Step 3: Select your Credit History Your credit history can influence your monthly payments, so our calculator asks for a rough idea of your credit score. You can select from ‘excellent’, ‘fair’, or ‘poor’.

Please note :

The final step is to select the type of finance. If you choose ‘hire purchase’, you’ll pay the VAT upfront, but you’ll own the van at the end of the term. If you go for a ‘finance lease’, you won’t need to pay the VAT upfront; it will be added to your monthly payments instead, but the van won’t be yours to keep unless pre-agreed for a final payment at the end which is often the case.

Once you’ve entered all your details, our Business Van Finance Calculator will do its magic. It will calculate your estimated monthly payments, helping you understand the potential cost of your business van finance. Remember, these figures are estimates and the final amounts may vary.

That’s it! You’ve just used the Business Van Finance Calculator from First Oak Capital to help you make an informed decision about financing your business van. With this simple tool, understanding your potential finance options has never been easier. Now you can move forward with clarity and confidence.

Calculator for business van finance

Understanding Your Results

Congratulations! You’ve taken a step forward in planning your business van finance using our Business Van Finance Calculator. Now that you have your estimated monthly payments, what do these numbers mean?

The figure given by the Business Van Finance Calculator is an estimate of how much you would need to pay each month for your business van finance. This is based on the loan amount, the term, your credit history, and the type of finance chosen. If the numbers suit your budget, you might decide to go ahead with the finance. If not, you might want to adjust the inputs and try again.

Remember, these are only estimates. The final figure might be slightly different, based on the specific terms of the loan and the exact calculation of the finance provider. However, the Business Van Finance Calculator gives you a pretty good idea of what to expect.

Key Factors That Affect Your Business Van Finance

Your monthly payments for your business van finance can depend on a few key factors. Let’s take a deeper look at these:

1. Loan Amount: This is how much you borrow to finance your van. The higher the loan amount, the higher your monthly payments could be.

2. Term: The term is the length of time over which you agree to pay back the loan. A longer term might mean lower monthly payments, but you’ll probably end up paying more in interest over time.

3. Credit History: Your credit history gives lenders an idea of how risky it is to lend to you. If you have a good credit history, you might get lower monthly payments. But if your credit history is poor, your payments might be higher.

4. Finance Type: The type of finance you choose also affects your payments. With hire purchase, you’ll pay VAT upfront and your monthly payments could be lower. With a finance lease, the VAT will be added to your monthly payments, which could make them higher.

Understanding these factors can help you make the best decision for your business. Remember, the Business Van Finance Calculator is a tool to guide you. The final decision is always yours. At First Oak Capital, we’re here to support you in making the best financial choices for your business.

Van finance calculator

Business Van Finance Calculator

Here Is Your Finance Illustration

  • Monthly Payment :
  • Estimated Interest Rate : 5%
  • Total Amount Payable :

Get A Quote

*This interest rate is for illustrative purposes only, your interest rate may differ and will be confirmed during your application.

Credit score information

Excellent : This category is for companies with an outstanding credit rating. Your business will be profitable, well established, and have a consistent or growing turnover. With no missed payments.

Fair : This category is for companies with a decent credit rating. They have a history of making payments on time, with possibly a few missed or late payments in the past.

Poor : This category is for companies with a poor credit rating or who may have had financial difficulties in the past. This could include a County Court Judgments (CCJs) on their record.

Benefits of Business Van Financing

Choosing business van finance can offer several benefits for your company. Let’s look at some of these:

1. Affordable Payments: With business van finance, you can spread the cost of the van over several months or years. This makes it more affordable than paying a lump sum upfront.

2. Improved Cash Flow: Financing can help maintain your business’s cash flow by freeing up capital that would otherwise be tied up in a van purchase. This liquidity can be used for other essential business expenses.

3. Access to Better Vehicles: Financing could enable you to afford a more reliable or higher-spec van than you might have been able to buy outright, which could improve the efficiency of your business.

4. Flexibility: Business van finance offers flexibility with hire purchase and finance lease options, allowing you to choose the one that best suits your business needs.

Why Choose First Oak Capital for Your Business Van Finance Needs?

First Oak Capital is the ideal partner for your business van finance needs, and here’s why:

1. Expertise: With our years of experience in finance brokerage, we understand the UK market in depth. We can guide you through the process, ensuring you understand all your options.

2. Competitive Rates: As brokers, we source the most competitive business loans available for UK companies. This means we can help you find the best van finance deal.

3. User-friendly Tools: Our Business Van Finance Calculator is a simple, easy-to-use tool that gives you the information you need to make informed decisions about van finance.

4. Customer-centric Approach: At First Oak Capital, we prioritise our customers. We strive to understand your specific needs and work hard to find the right financial solutions for you.

In a nutshell, we’re here to make business van finance easy for you. So, whether you’re ready to finance your business van or still have some questions, don’t hesitate to get in touch with us at First Oak Capital. We’re ready to help.

Van Finance

Check your eligibility with our online form without affecting your credit score.

Matt Whiteman

I do hope you find this page useful

If you want my team at First Oak Capital to help you arrange finance, just book a call.

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