Bus and Coach Finance

The Public Service Vehicles Accessibility Regulations (PSVAR) ensures bus and coaches are accessible for people with disabilities, however, certain buses and coaches do not have to be compliant. We can provide finance for buses and coaches that are both complaint and non-complaint with PSVAR.

The minimum deposit is typically the VAT amount only, meaning you only need to pay the VAT on the total purchase price at the start of the agreement. The remaining balance will be financed over the agreed term.

Yes, we can provide finance for both new and used buses and coaches.

Yes, through MAF Finance Group, you can refinance your current bus loan, allowing you to restructure your current agreement and unlock cash for your business.

At MAF Finance Group, we can help you finance a wide range of buses and coaches, including minibuses, single-decker buses, double-decker buses, coaches, school buses and accessible vehicles.

We offer a variety of finance solutions tailored to your business needs, including:

Hire Purchase (HP): You pay for the vehicle in fixed monthly instalments over an agreed timeframe, and you become the owner at the end of the term.

Finance Lease: You rent the vehicle for a fixed period and pay regular rentals. You don't own the vehicle at the end of the term, but you may have the option to extend the lease or sell the vehicle and receive a portion of the proceeds.

Refinance: If you already own a bus or coach, you can release equity from it through refinancing. This can provide working capital for your business.

The terms and interest rates for bus and coach finance can vary depending on several factors, including the age and condition of the vehicle, the amount being finance, the length of the repayment term, your business’ creditworthiness, current market interest rates and the specific finance facility chosen.

While specific criteria can vary between lenders, generally, you will need to demonstrate that you are a registered UK business, provide full annual accounts, three months bank statements, plus personal details such as full name, date of birth and personal address.  

At the end of the hire purchase agreement, you become the rightful owner of the bus or coach asset, meaning once the asset is paid off, you have the right to sell, refinance or keep the asset for business purposes.

While having a strong credit history and an established business can make securing finance easier, it is still possible to obtain finance for newer businesses or those with some credit challenges. For new businesses, we may consider factors like your business plan, industry experience and credit history. For lower than ideal credit, our relationship with specialist funders may offer more flexible credit criteria, however terms and interest rates might be different.