Van finance calculator for bad credit

Good credit
Bad credit
Amount to borrow:
To repay over:
5 Years
Car finance rate XX% APR
Cost of credit £ XXX
Total repayment £ XX,XX.XX
48 monthly payments of
£ 245 /mo

Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.

Carplus will find the best car loan rate from our panel of lenders and will offer you the best possible deal. We don’t charge fees, but we earn a commission. This does not influence the APR you’re offered in any way.

We compare car finance deals for you

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At Carplus, we are always adding to our list of services for your convenience. For example, our self-employed van finance service helps our customers get a car without a one-time payment of the entire cost. We are happy to help you get a van loan, even if you're self-employed.

The customer chooses the van, the amount of the down payment, and the agreement term. At the end of the period of the deal, you will become the complete owner of the vehicle. Contact Carplus for expert advice on van finance for the self-employed today!

Self-employed van finance options

There are several ways to get a van loan when self-employed. Let's take a closer look at them.

Van Hire Purchase (HP)

The hire purchase option is ideal if you are self-employed or have a bad credit history. This method of payment will allow you to spread the cost of the van evenly with monthly payments.


A PCP is a way to buy a van without paying for it outright. If you can't afford large monthly payments but still want to replace your van every 2-3 years, this is ideal for you.

Why is it more difficult to finance a van for the self-employed?

Put yourself in the lender's shoes. You'd be much more likely to trust a borrower who has a regular, verified income. With the self-employed, however, this is impossible - your employment and profits are uncertain and very volatile. There are no guarantees of stability.

But at Carplus, we have a vested interest in making sure that every person gets their credit. So after the initial screening, we review your application on an individual basis. We will ask you for three months of bank statements to prove your income (even if the amount differs from month to month).

Can I get a van financed if I'm self-employed and have bad credit?

Of course, you can! Carplus specialists have extensive experience in extending credit to people with bad credit histories, even the self-employed. After an initial review of your application, we will examine any individual circumstances that may affect your credit and consider your current financial events. With Carplus, you can count on van finance with bad credit.

Our criteria

To get a van loan, you must have been self-employed for at least 12 months. First, we will ask you to verify your income with the bank. Even if there are problems at this stage, we will do our best to process your transaction. However, it is worth bearing in mind the following factors:

  • We cannot finance VAT on a self-employed transaction
  • The maximum mileage of diesel can only be 160,000, and that of gasoline can only be 120,000
  • The financing period can only be between 18-60 months

Why choose carplus?

  1. Each application for a loan is considered by us individually.
  2. We conduct HPI checks to ensure your full ownership.
  3. You have every chance of getting the best deal, even if you're self-employed or have a bad credit history.
  4. We work with a wide variety of lenders to ensure you get the best deal that fits your budget.


Now we will answer some of the most popular questions on van finance for the self-employed.

Can you claim to finance a van when self-employed?

Of course, you can! You have to meet several conditions: you have to be self-employed for at least 12 months, be ready to verify your income with the bank, and have a decent credit history.

Is van financing for the self-employed guaranteed?

No one can guarantee you 100% credit success. But rest assured - we will do everything possible to make you the happy owner of a van, even if you have a bad credit history.

Is a van 100% tax deductible?

Absolutely! Vans are classified as fixed assets for tax purposes and are eligible for a 100% surcharge. This means you get a 100% deduction.

Can I get a loan for a van if I'm self-employed and have poor credit?

Yes, you can. You might consider an option of financing with a guarantor or even do everything by yourself. At Carplus, we specialise in financing with poor credit and do it perfectly.

Van credit options

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