Bad Credit Van Finance

Whatever your personal circumstance, We Finance Any Van’s specialist lenders are here to support you with bad credit van finance.

If you have poor credit or an incomplete credit history, securing van finance might seem out of reach. The good news is that at We Finance Any Van, we offer a variety of van finance solutions designed to help customers like you purchase the van of your dreams.

Navigating the van finance landscape can be stressful and complicated, but we’re here to make it easier for you. Whether you need a reliable work vehicle or a family-friendly ride, van finance can be a game-changer. Rest assured, we will work tirelessly to get you the best rate possible.

If you’ve been turned down elsewhere, don’t worry. Our panel of lenders reviews all applicants, regardless of their background or previous experiences with van finance. While we can’t guarantee approval, we do everything in our power to ensure you are given a fair chance.

How Does it work?

Our process is straightforward and designed with your convenience in mind. Here’s how it works:

Complete Our 2-Minute Application: It’s quick and easy. Once approved, one of our friendly account managers will get in touch.
Soft Search Lenders: To protect your credit rating, we start with a soft search to assess your eligibility.
Find Your Van:
- Already Found a Van? Great! We can help you secure finance quickly so you can get behind the wheel in no time.
- Still Searching? No problem! Once you’re provisionally approved, you’ll gain access to a vast selection of vans from FCA-approved dealers, giving you a wide range of van finance solutions.

What You Can Expect from Our Bad Credit Van Finance Service:

End-to-End Support: We guide you through every step of the process.
Straightforward and Safe Application: Our application process is designed to be simple and secure.
Extensive Selection of Specialist Lenders: We work with a broad network of lenders who understand your needs.
Reputable and FCA Authorised Dealers: We connect you with trusted dealers.
Team of Industry Experts: Our knowledgeable team is here to assist you.
Flexible Terms: We offer terms that suit your financial situation.
Affordable Payment Plans: We aim to make your payments manageable.

It couldn’t be easier to get started – fuss-free van finance is a click away.

We help hundreds of applicants secure van finance with bad credit, you could be next…

Traditional lenders often focus on applicants with strong credit scores and lower perceived risk, which means “bad credit” van finance is rarely advertised.

But with us, it’s a different story!

Our specialized approach allows us to offer van finance to those who might struggle to secure it elsewhere. By working with reputable lenders who understand bad credit situations, we can help you get the van you want with an affordable payment plan.

So, if you’ve been turned away before, don’t give up—apply with us and see how we can help you drive away in your new van.

Simply submit a quick application and we’ll be in touch.

All circumstances considered, no deposit needed

There are many reasons someone might have bad credit, and each situation is unique. Your credit score, which is just a number on a report, doesn’t always tell the full story. Because of this, some lenders may overlook applicants or offer high interest rates that aren’t practical.

At We Finance Any Van, we take the time to understand your individual financial situation and needs. This allows us to find a finance solution tailored specifically for you, rather than relying solely on a credit score.

And you won’t even need to pay a deposit.

We understand that not everyone will have the budget to pay a large amount upfront. And if you’re struggling with bad credit, this can hold you back. That’s why we offer no deposit van finance.

Simple to apply, fewer financial hurdles.

Can we guarantee van finance?

Although we strive to provide the best support for your van finance needs, we cannot guarantee a deal.

You might come across terms like “guaranteed van finance,” but it’s important to be cautious. Such claims are misleading. Lenders always assess applications against specific criteria, and there’s always some level of risk involved. This applies regardless of whether your credit history is strong or if you’ve faced financial challenges.

As responsible credit brokers, we ensure full transparency, always.

So, while we can’t offer guaranteed van finance for bad credit, we can help to improve your chances of approval. Even if you have a default on your credit report, we’ll still be able to help.

How to get van finance with bad credit

When comparing van finance deals, there are a few things to bear in mind:

APR (Annual Percentage Rate): This gives you a clear picture of the overall cost of your loan, including interest and any fees. It helps you determine if the deal fits within your budget.
Loan Term: This affects the length of your loan and your monthly payments. A longer term might lower your monthly payments but could increase the total cost of the loan.

Rest assured, we’re here to offer expert advice and guidance to help you find the best deal for your needs.

Choose a van that suits you and the lender

We want you to secure the best possible deal, so choosing the right van is crucial. Here’s what to consider:

Affordability: Ensure the van fits comfortably within your budget.
Reliability: Opt for a van from a reputable dealership. We can help with this.
Minimum Requirements: Make sure the van meets the lender’s minimum criteria.
Driving Needs: Consider factors like load space and fuel efficiency.

New or Used?

Used Vans: Typically come with a lower price tag but might require more maintenance.
New Vans: Generally have fewer maintenance issues and could save you money over time.

If you have a bad credit rating, finding the right balance is key. A more affordable van might improve your chances of financial approval and make it easier to manage repayments. However, ensure it’s also reliable for your everyday needs.

Not sure where to begin? We have a wide range of new and used vans to explore.

Types of bad credit van finance – what are your options?

Our finance solutions are designed to get you behind the wheel quickly and affordably. Here are the two main types of van finance we offer, each with its own payment options:

Hire Purchase (HP):
- How It Works: You pay a fixed monthly amount over a set term. Once you’ve made all the payments, you own the van outright. Despite some misconceptions, you can still secure Hire Purchase with bad credit.
- Ideal For: Those who want to eventually own the van and prefer stable, predictable payments.
Personal Contract Purchase (PCP):
- How It Works: You make lower monthly payments for a set term. At the end of the agreement, you have the option to buy the van outright, return it, or trade it in for a new one. Although trickier to obtain with bad credit, it’s by no means impossible.
- Ideal For: Those who want lower monthly payments and the flexibility to change vehicles frequently.

Each option has its own benefits depending on your financial situation and vehicle needs. Our team can help you choose the best plan for you.

A few things to be aware of before applying:

Interest Rates: Generally, a low credit score is seen as a higher risk by lenders. This can lead to higher interest rates and fees, increasing the overall cost of your finance deal.
Loan Terms: To mitigate risk, lenders may offer shorter loan terms. This results in higher monthly payments and less flexibility. We’re here to help you navigate these terms and find the best deal.
Credit Checks: While our initial process uses a soft credit check, a more thorough review will occur once you’re provisionally approved. Remember, this impact on your score is temporary.
Potential Impact on Guarantors or Joint Hirers: If you miss payments or can’t complete the loan term, it will affect anyone who has co-signed or guaranteed your finance plan.
Applying for van finance can be daunting, but with our expert support, you could be just a click away from your ideal van. With a manageable payment plan, you can also work towards improving your credit score by meeting your monthly deadlines.
Finance a van with bad credit today—it’s not as intimidating as it seems, and we’re here to guide you through the process!

Your bad credit van finance questions answered

We understand that van finance can be confusing, especially with all the abbreviations and jargon. But it’s crucial to get it right—it can mean the difference between securing your ideal van and ending up without a vehicle.

That’s why we’ve simplified the process, helping you navigate the various types of van finance available. No jargon, no hidden surprises—just straightforward, transparent support to get you behind the wheel with confidence.

Still unsure? Our team of experts are always on hand to answer any questions or queries you may have.

My Credit History isn't great - can you help me if I have bad credit?

Yes, there’s a good chance we can help you. When we established We Finance Any Van, our goal was to serve the entire market. We understand that life circumstances can impact your credit score—often through no fault of your own. That’s why we work with a diverse range of lenders, from prime lenders to those specializing in bad credit. And to protect your credit score, we only use a soft search up front.

What can I do if I have been refused for bad credit elsewhere?

There are several reasons you might have been declined elsewhere, often due to adverse credit or a poor credit file. Don’t lose hope—few organizations have as many lenders as we do. We frequently help customers who’ve been rejected at van dealerships secure multiple approvals from our panel of lenders. A crucial factor is whether the lender uses a soft search; we use soft search initially to protect your credit score. So why not apply with us today?

How can I see what my monthly payment might be?

Use our free van finance calculator, available below, to estimate your monthly payments. If you have poor credit, inputting your details into the calculator will give you a realistic ballpark figure for your payments. Many of our customers find that they receive better rates than expected thanks to our extensive panel of specialist lenders.

What is bad credit van finance?

Generally, securing a traditional van loan can be challenging for those with a poor credit history or low credit score. Factors like missed payments, high credit card balances, or even bankruptcies can contribute to a less favorable credit profile.

The process of checking your eligibility can be invasive, especially with most lenders using a hard search tool. Each hard check is recorded on your credit report and can negatively impact your credit score, making future approvals even harder.

At We Finance Any Van, we understand these challenges and are committed to making van finance accessible for everyone. That’s why we use a soft credit check for initial reviews. This approach protects your credit score and provides you with peace of mind throughout the application process.

If you’ve been struggling to get approved for van finance, you’re in the right place. Our bad credit van finance service is designed to support individuals facing a range of credit issues.

Good income, bad credit. Is it still possible to get van finance?

Yes! While your credit score plays a significant role in van finance applications, it doesn’t completely determine your chances. Even with a very poor credit score, you can still find a deal that fits your budget and needs.

For many, applying for van finance with bad credit feels like navigating a sea of rejections and firm “no’s.” We understand how frustrating this can be.

A poor credit history might make it challenging to secure a van finance deal with favourable interest rates, but options are still available. The key is to connect with the right lender. Specializing in bad credit van finance, our panel of lenders is dedicated to giving every individual a fair chance at securing a loan.

Can I get van finance with no credit history?

If you’re 18 and looking for your first van or you’re new to the UK, you might have a thin or nonexistent credit history. This could be due to having never used credit before or because you’ve paid off all your debts and closed your credit accounts.

Don’t worry! Even if you face higher interest rates, you can still succeed with your van finance application. Here are some tips to improve your chances:

Consider a Guarantor: Adding a trustworthy guarantor with a good credit rating and stable employment can significantly boost your application. This can also help if you have no employment history.
Opt for a Smaller Loan: Applying for used van finance might be a more achievable path. There are many high-quality used vans available from brands like Ford, Land Rover, and BMW. Our van search portal can help you find the perfect vehicle.

Additionally, van finance can help improve your credit score over time. By keeping up with your monthly payments, you’ll be building a positive credit report.

What information do I need to apply for bad credit van finance?

Applying for van finance or any loan can seem overwhelming, but we’re here to make it as straightforward as possible. Your personal Account Manager will guide you through every step of the process.

Here’s a quick overview of the information you’ll need to provide:

1. Basic Personal Information:

Full name
Address
Contact details

2. Proof of Identity:

A government-issued ID, such as a driving license (provisional or full) or passport. If you don’t have a license, a DVLA mandate can be requested.
Be prepared to take a photo with your ID for anti-fraud purposes.

3. Proof of Address:

A recent utility bill (electricity, water, or council tax) from the last 60 days.
If you can’t find one of these documents, a bank statement can also prove your residency.

4. Proof of Earnings:

Employed: Recent payslips (usually for the last two months) if income cannot be validated digitally.
Self-Employed: Income evidence through open banking or recent bank statements. Benefits or pension details can also support your application.

Top Tip: Ensure all documents are photographed on a flat surface to keep every detail clear and readable.

With these documents ready, you can complete your application quickly and easily from home.

Is there a credit score that is considered too low for van finance?

There aren’t strict rules for minimum credit score eligibility, but your credit score does play a significant role in your van finance application. In general:

Higher Scores: Increase your chances of approval and may result in better terms and lower interest rates.
Lower Scores: Can make approval more challenging and might lead to higher costs and less favorable terms.

In short, the lower your score, the more difficult the process can be.

Why has my credit score suddenly dropped?

A sudden drop in your credit score can indeed be worrying and may complicate your efforts to secure a van loan. Various factors can lead to this change, including:

Errors on Your Credit Report: Mistakes can sometimes negatively impact your score.
Closing a Credit Card: This can affect your credit utilization ratio and credit history length.

Understanding the cause of the drop is crucial. In many cases, you can address minor issues or take steps to improve your credit score, opening up more van finance options for you.

Can I get van finance if I have a County Court Judgement (CCJ)?

Yes, you can still secure van finance even with a CCJ (County Court Judgment) on your file. We understand that unexpected events can affect your financial situation, and we’re here to help you move past these challenges.

At We Finance Any Van, we collaborate with specialist lenders experienced in handling bad credit, including those with CCJs. Our inclusive and open-minded approach ensures that many of our customers, despite having CCJs, successfully get back on the road.

Ready to get started? Apply now with We Finance Any Van and take the first step toward driving your new van.

What if I am in an Individual Voluntary Arrangement (IVA)?

Although being in an IVA (Individual Voluntary Arrangement) can make securing van finance a bit more challenging, it shouldn’t stop you from applying. At We Finance Any Van, we’re here to help turn your dream of owning a van into reality, even if you’re currently in an IVA.

Many traditional lenders may be hesitant to consider you for van finance if you’re repaying debt, and you might face rejections. However, we offer IVA van finance as part of our comprehensive bad credit solutions. Whether you’ve just completed your IVA and are dealing with a less-than-ideal credit report, or you’re still in the process of repayment, our service is tailored to support diverse financial situations.

Our specialists understand that having an IVA on your credit report can actually demonstrate that you’re managing your finances responsibly, provided you’re keeping up with your payments. Our lenders are experienced with bad credit and are open to working with applicants in such circumstances.

Here are a few things to keep in mind with IVA van finance:

Permission Requirement: If you’re still repaying your IVA, you’ll need written permission from your insolvency practitioner for loans over £500. This process can be complex, but your dedicated Account Manager will guide you through it.
Employment and Income Review: Lenders will assess your employment status and current income to ensure you can meet the monthly repayments. Being self-employed? Don’t worry – we treat every application with an open-minded approach.

The importance of having a reliable vehicle in your daily life is clear, and with our expertise and network of specialist lenders, you’re closer than ever to getting your next van. Apply now with We Finance Any Van and let us help you navigate this process.

Can I get van finance without a credit check?

A credit check is crucial for both the applicant and the lender. It helps finance providers ensure that you can afford the monthly payments for your new van. This check offers a snapshot of your financial history, particularly if you’re facing financial challenges. While credit checks might seem daunting, they are designed to ensure that you receive a deal that fits your situation.

Here’s the good news: we use soft credit checks at the start of every application. Unlike hard searches, which can impact your credit score and linger on your report, soft checks are less invasive and won’t affect your credit rating.

We understand that everyone’s financial situation is unique. Your ability to secure van finance shouldn’t be solely determined by your credit history. If you have poor or limited credit, or if you’ve been declined elsewhere due to your credit score, you can still find a suitable van finance solution with us. Although solutions for bad credit might come with higher interest rates or shorter loan terms, we strive to get you the best deal possible.

In addition to the soft credit check, lenders will evaluate other criteria to determine your ability to repay the loan. This can include your employment history, bank statements, and current income. The specific criteria may vary slightly depending on the lender.

Poor or limited credit history can result from various factors, such as entering an Individual Voluntary Arrangement (IVA), having a County Court Judgment (CCJ), or simply being a young driver with a thin credit profile. Regardless of these circumstances, the ability to purchase a new van should not be hindered by factors beyond your control. Our process is designed to ensure that each applicant is reviewed fairly, taking into account their individual situation.

I have a default on my credit report - is it still possible to apply for van finance?

With us, securing van finance with a default on your credit file is still possible, even if the process is a bit more complex.

Our bad credit van finance solutions are tailored to cover a wide range of circumstances, including having a default on your credit report.

A default typically occurs when you frequently miss payments on a credit agreement. This will be recorded on your credit report and can remain there for up to 6 years, potentially lowering your score and affecting your chances of approval, especially with mainstream lenders.

However, at We Finance Any Van, we offer flexible van finance options that consider your overall situation rather than just focusing on the default. We take the time to review your complete financial picture because we believe you’re more than just a credit score.

Are benefits considered an acceptable form of income?

Absolutely! Eligibility for van finance can vary depending on the lender’s criteria, but benefits can indeed be accepted as a form of income.

Being on benefits does not automatically mean you have a bad credit rating. However, it may require a more flexible financing solution.

Our van finance service for those on benefits is designed to accommodate a range of applicants and benefit types. Whether benefits are your sole source of income or combined with other earnings, we are here to help you find the right finance solution for your needs.

How does bankruptcy affect my chances of financing a van?

The ability to secure van finance largely depends on the stage of your bankruptcy.

If you’ve recently filed for bankruptcy, getting approval for a van finance loan will be extremely challenging. The legal implications and high risk associated with active bankruptcy make it nearly impossible to take on additional financial commitments.

However, if you’re applying for van finance after your bankruptcy has been discharged, you stand a better chance of success. By this stage, you’re no longer bound by the restrictions of bankruptcy and should be in a stronger position to meet monthly payments.

Opting for specialist financing is key. Mainstream lenders might not offer the flexibility you need, but we do.

To improve your chances of approval:

Focus on rebuilding your credit and managing your finances responsibly.
Show that you have a stable source of income.
While a deposit isn’t required, it can make your application more appealing.
Choose a reliable van that fits within your budget.
And most importantly, apply through us.

Our bad credit finance solutions are designed to support you even if you’ve faced rejections elsewhere. Explore your options today and let us help you get back on the road.

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About Us

If you are looking for van finance, you are in the right place!

We have years of experience in van finance, a very extensive lending panel & a team set up to get you the van you want at the best finance rate possible. If you have already found a van and just need the finance – great! If you need help finding a van then we are there for you as well – in fact, we have access to over 100,000 vans.

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