Key highlights
- No fixed deposit — requirements vary by lender
- No-deposit or 100% finance may suit eligible applicants
- A deposit reduces borrowing and can widen options
- A trade-in can serve as part of your deposit
- One broker compares 80+ lenders — soft-check quote
One of the first questions businesses ask is how much deposit a van needs. The honest answer is that it varies, and no-deposit options exist for some applicants. Overdrive compares a panel of 80+ lenders to find the deposit structure that suits you.
How much deposit do you need for a van?
There is no fixed deposit for van finance. Some lenders offer no-deposit or 100% finance to eligible applicants, while others prefer a contribution. Your credit profile, trading history and the vehicle all influence what is required, subject to lender criteria.
Why does a van deposit still help?
Even where none is required, putting money down reduces the amount borrowed and can widen your lender options. It may also help newer businesses or those with a less established profile present a stronger application. The right balance depends on preserving cash flow versus lowering the loan.
Can you use a trade-in as a deposit?
An existing vehicle can sometimes serve as part or all of a deposit through a trade-in. A broker can factor this in when comparing options. How a deposit or trade-in affects GST and your accounts should be confirmed with your accountant or registered tax adviser.
Wondering what deposit your van finance needs? Contact Overdrive for an obligation-free quote. It is a soft check that won't affect your credit score, and Simon can outline both deposit and no-deposit paths.
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