Commercial Vehicle Finance
Our commercial vehicle finance division provides finance for a range of business vehicles including business vans, a new executive car or a pick-up truck.
Commercial vehicle finance can include a range of assets, from a new business van, executive car or a pick-up truck.
Whether you need a new car as a director of a business, have a fleet of vans that you need to purchase or if you want to lease a new business vehicle, we can help.
With commercial vehicle finance, you can finance a wide range of wheeled assets for businesses including cars, buses and coaches, heavy and light commercial vehicles, construction vehicles, trailers and more.
We can cater for small business requiring a company car or larger businesses needing a fleet of cars.
Our vehicle management division will also be able to help with any fleet requirements you may have, ranging from telematics to driver assessment training programmes.
We offer a range of commercial vehicle finance solutions, including:
Recovery truck finance – Recovery vehicles can come in many different shapes and configurations. Whether it’s a heavy recovery truck, a slide bed truck or a specially converted vehicle, we can provide a route to your recovery truck finance.
Utility vehicle finance - Ranging from golf carts and quadbikes to ATVs and crossovers, utility vehicles can be used in a number of circumstances.
Motorhome finance – If you’re looking to get away on the open road, a motorhome can be the perfect mixture of luxury and practicality.
Luton van finance – Luton vans are designed to maximise the volume that can be carried at once which can improve productivity within your business.
Left-hand vehicle finance - While buying your new vehicle is an exciting prospect, spending hours scouring the market to looking for the best one can quickly become tedious – especially when you’re looking for a vehicle that’s left-hand drive.
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Commercial vehicle finance is a practical option to buy a vehicle without having to make a sizable down payment or buy the vehicle entirely. Even though you do not actually own the car right away, you can still use it as an asset for your business. If you choose to finance a new vehicle, you can determine how long you wish to finance the vehicle over.
Commercial vehicle finance is a type of asset finance in which the cost of the vehicle is spread out over time. This helps you manage your business’ cash flow as you will not have to pay the full cost upfront, and it makes budgeting easier because you will be paying monthly instalments instead.
There are a couple of reasons why it might be beneficial for your business use commercial vehicle finance:
· Fund what you require – grow your business by utilising vehicles that will improve productivity, sustainability, or efficiency.
· Spreading out the expense allows you to avoid impacting your cash flow or using up all of your cash reserves.
·Select your financing – lease or hire purchase options with durations up to five years.
Commercial vehicle finance often varies and depends on the business and type of finance required. Typically, it can take anywhere from a couple of days to weeks to get finance in place for your new purchase. Finance applicants for vehicle finance should have all their accounts in order and available for inspection, just like with any other type of business funding. Bank statements, the last three to five years’ worth of certified accounts, business plans, and specifics on assets and liabilities can all be required.
MAF Finance Group works with a wide panel of banks and alternative finance providers to deliver the most competitive and flexible solution for you.
If you would like to get a quote or need further information, simply fill in the form and we will contact you. If you want to speak to someone directly, you can call us on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, email us at firstname.lastname@example.org.
Asset refinancing is a way of raising capital against assets you hold on your balance sheet.
A finance lease is simply renting the asset over an agreed period of time and you usually remain responsible for the maintenance.
Hire purchase allows your business to buy an asset by spreading the cost over a fixed period of time with regular monthly instalments.
Invoice finance provides early access to the funds owed to you in unpaid invoices. If you find your business waiting for customers to pay for your services or products, you could use invoice finance as a way of getting paid sooner.
A tax loan allows you to take control of your cashflow and spread the cost of your tax bill into more manageable monthly payments.
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