Key highlights
- No-deposit / 100% finance may be available for eligible applicants
- Keeps working capital in the business
- Funding the full amount can mean higher repayments
- Not every lender offers no-deposit options
- One broker checks no-deposit lenders across 80+ options
Not every business wants to tie up capital in a deposit, especially when cash flow funds day-to-day operations. No-deposit van finance may allow eligible applicants to fund the full purchase. Here is what to know.
What is no-deposit van finance?
No-deposit, or 100% finance, means the lender funds the full purchase price of the van without requiring an upfront contribution. For businesses that would rather keep cash available for stock, wages or unexpected costs, this can be appealing. Because the van acts as security, some lenders may offer no-deposit terms to eligible applicants, though availability depends on the vehicle, your trading history and the lender's criteria.
What are the downsides of no-deposit finance?
Funding the whole amount means a larger balance to repay, which can mean higher repayments or more total interest than if you had contributed a deposit. Some businesses are comfortable with this trade-off because the van starts generating income immediately. Others prefer to put something down to reduce the ongoing commitment. Neither approach is inherently better; it comes down to your cash position and priorities.
Which lenders offer no-deposit van finance?
No-deposit options are not offered by every lender, and terms vary. Simon Kendrick can review your situation and identify lenders on the Overdrive panel whose criteria may accommodate a no-deposit structure. Comparing across the panel improves the odds of finding a fit. Any approval remains subject to lender assessment.
Curious whether no-deposit finance could work for your van purchase? Overdrive can provide an obligation-free, indicative quote. The enquiry is a soft check with no impact on your credit score. Contact Simon to explore your options.
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