Buying a Campervan Through Your Business
Getting a Approved for a Campervan Through Your Business—Without the Stress.
Can I Buy a Campervan Through My Business?
If you’ve ever wondered, “Can I buy a campervan through my business?”—the answer is absolutely. Many business owners invest in campervans as company assets, using them for work-related travel, mobile offices, or client meetings. Imagine turning long business trips into comfortable journeys or transforming a campervan into a rolling advertisement for your brand.
However, before you sign on the dotted line, you need to weigh up key financial and tax considerations to ensure this investment truly benefits your business in the long run.
Why Buy a Campervan Through Your Business?
A campervan can be a valuable asset for businesses that require travel, mobile office space, or client entertainment. Here’s why business owners choose to finance a campervan through their company:
- Better Cash Flow Management: Financing a campervan helps preserve working capital for other business expenses.
- Potential Tax Benefits: VAT reclaim, capital allowances, and deductions on running costs could lower expenses.
- More Business Flexibility: A campervan provides on-the-go meeting space and travel convenience.
- Brand Visibility: A well-branded campervan serves as a mobile advertisement for your business.
In short, buying a campervan through your business offers financial advantages and added mobility. However, proper planning is necessary to maximise benefits while staying compliant with tax laws and lender requirements. Always remember to consult with you accountant to ensure that you don’t come unstuck!
1. Select the Right Finance Option
If you’re looking for campervans for sale, you can explore listings on Campers4Sale or other trusted platforms. Not every business has the cash to buy a campervan outright. That’s where finance comes in. Depending on your needs, consider:
- Hire Purchase (HP): Pay in fixed instalments and own the campervan at the end of the term.
- Finance Lease: Pay lower monthly amounts and retain flexibility to sell the campervan later.
- Business Loan: Secure a lump sum to purchase the campervan outright.
- Asset Finance: Use the campervan as security to obtain funding.
2. Understand the Tax Considerations
Buying a campervan through your business comes with tax responsibilities and potential savings:
- VAT: VAT-registered businesses may reclaim VAT if the campervan is used solely for business purposes
- Capital Allowances: A campervan used exclusively for business could qualify for tax relief
- Benefit-in-Kind (BIK) Tax: Personal use of the campervan may lead to additional tax liabilities
- Deductible Expenses: Running costs like insurance, fuel, and maintenance may be tax-deductible
3. Work With the Right Lender
Lenders assess business finance applications carefully, especially for campervans. That’s where First Oak Capital can help.
We simplify the application process and improve your chances of approval. Our expertise ensures you get the most competitive rates available.
4. Prepare Your Application for Approval
To improve your approval chances, gather the following:
- Business Financials: Provide profit and loss statements, tax returns, and cash flow details.
- Purpose of Purchase: Explain how your business will use the campervan.
- Business Credit History: A strong credit profile can improve financing terms.
Important Considerations Before Choosing Finance
Every finance option has advantages and drawbacks. The best choice depends on your business structure, cash flow, and how you plan to use the campervan. Always consult your accountant to understand tax obligations and financial impact. Also, speak with us at First Oak Capital—we’ll help you find the right finance solution for your needs.
Pros and Cons of Buying a Campervan Through Your Business
Pros:
✔️ Manageable payments spread over time
✔️ Potential tax benefits like VAT recovery and capital allowances
✔️ Greater flexibility for business travel and branding
✔️ Additional asset for business operations
Cons:
❌ Personal use can lead to tax implications (BIK tax)
❌ Lenders may require a strong financial history
❌ Maintenance and insurance add to long-term expenses
Work With First Oak Capital
Finding the right lender on your own can be tricky. We simplify the process, working with lenders who understand business finance. Whether you’re a sole trader, limited company, or partnership, we can help you secure funding quickly and efficiently.
Click here to explore our Campervan & Motorhome Finance options.
How We Can Help
Applying for Campervan Finance alone can be frustrating. We make it easier by:
- Find the right lender for you.
- Help you prepare your application.
- Improve your approval chances.
- We get you the best deal available.
Let us guide you through the process, answer your questions, and help you secure the funding you need. Call us today or complete the form on our website to get started.
Q: Can I use a campervan for both business and personal travel?
A: Yes, but tax implications apply. If you use it personally, HMRC may charge Benefit-in-Kind (BIK) tax. Keeping mileage logs helps separate business and personal trips.
Q: Can a new business get campervan finance?
A: Yes, but expect stricter requirements. Lenders may ask for a larger deposit or personal guarantee. A solid business plan improves approval chances.
Q: Will financing a campervan impact my business credit score?
A: Absolutely. Paying on time boosts your credit rating, while missed payments harm it. Reliable repayment strengthens future borrowing potential.
Q: How long does finance approval take?
A: Some applications get approved in days, while complex cases take longer. Submitting complete financial documents speeds up the process.
Q: What paperwork do I need to apply?
A: Lenders usually ask for financial statements, tax records, and proof of income. Startups may need to submit a business plan.
Q: Can I reclaim VAT on a campervan?
A: Yes, if it’s exclusively for business use and your company is VAT-registered. If you use it personally, expect limited VAT recovery.
Q: Is a campervan a company vehicle?
A: Yes, but only if used primarily for business. If personal use applies, you may owe BIK tax.
Q: Can I insure a campervan through my business?
A: Yes, commercial vehicle insurance covers business-owned campervans. Disclose any personal use to ensure proper coverage.
Q: Are there mileage limits on financed campervans?
A: Some leases include mileage caps, and exceeding them incurs fees. Always review terms before signing.
A: Is a campervan a commercial vehicle UK?
A: The majority of campervans are converted commercial vehicles (vans), however some were originally built as campers like the VW range. Ultimately the only safe thing to do is check the registration document for the vehicle (V5) and see what class the DVLA has it registered in.
A: The majority of campervans are converted commercial vehicles (vans), however some were originally built as campers like the VW range. Ultimately the only safe thing to do is check the registration document for the vehicle (V5) and see what class the DVLA has it registered in.
