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Vehicle financeLast updated: 29 Oct 2026
Fleet finance for your business
Fleet finance lets your business spread the cost of several vehicles over monthly payments, so you can grow your fleet without tying up cash.
Why get fleet finance with Capitalise?
£2bn in funding offers approved
130+ business lenders
Regulated by the FCA since 2016
Trusted by 200,000+ businesses
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What is fleet finance and how does it work?
Fleet finance is a way to fund multiple business vehicles at once, paying for them monthly rather than buying outright. A lender buys or leases the vehicles for you, and you repay over an agreed term.
Depending on the agreement, you either own the vehicles at the end or hand them back. You can use it to add, replace or upgrade cars, vans, trucks and electric vehicles, all through one application.
What types of fleet finance are there?
The right type depends on whether you want to own your vehicles at the end, or simply use them for a set period.
Type of fleet finance | How it works | Do you own the vehicles? |
|---|---|---|
Pay a deposit, then fixed monthly payments. | Yes, after the final payment. | |
Lease the vehicles for an agreed term and mileage, usually with maintenance included, then hand them back. | No, they're returned. | |
Rent the vehicles for less than their working life, often 1 to 5 years, suited to shorter or changing needs. | No, they're returned. | |
Lease the vehicles for most of their working life. At the end, you can extend, hand them back, or have the lender sell them and pass on a rebate of most of the proceeds. | No, but you can share in the sale value. | |
Fleet asset loan | Borrow against the vehicles, which act as security for the loan. | Yes, from the start. |
What are the benefits of fleet financing?
Preserve your cash flow
Spread the cost of your vehicles over time and keep working capital free for hiring, marketing or equipment.
Run newer, more reliable vehicles
Upgrade your fleet regularly to cut fuel and repair costs and keep a professional image on the road.
Mix finance types across one fleet
Own the vehicles you keep for years and lease the ones you upgrade often, with your specialist matching each to the right lender.
How much can you borrow with fleet finance?
The amount you can borrow to fund a fleet will depend on the total value of the vehicles, how long you want to repay and what your business can comfortably afford. A longer term lowers your monthly payments, but you’ll pay more interest overall.
Typical range | |
|---|---|
Amount | £1,000 to £2 million |
Term | 3 months to 10 years |
Upfront cost | A deposit of typically 10% to 20% for hire purchase, or an initial rental for leasing |
You can use our asset finance calculator to see what your monthly payments could look like based on different scenarios.
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Can you use fleet finance for electric vehicles?
Fleet finance can fund electric and low emission vehicles, so you can switch your fleet without paying the full price upfront. Electric cars also bring tax savings that make the move more affordable.
New, unused zero emission cars bought on hire purchase before April 2027 can qualify for a 100% first year allowance.
Zero emission company cars carry a 4% benefit in kind rate for the 2026/27 tax year, keeping costs down for your drivers.
Read more about buying an electric company car.
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Who can apply for fleet finance?
Lenders look at your business and the vehicles together. Fleet finance is often secured against the vehicles, but your business credit score still affects which lenders will offer and the rates you're quoted, so it's worth checking before you apply.
You're more likely to be approved when:
How to apply for fleet finance with Capitalise
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Tell us about your fleet
Sign up for free and enter the vehicles you need, from a few vans to a full mixed fleet, to see an estimate of your options.
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Start your application
Share some details about your business. Your dedicated funding specialist builds your application and sends it to the most suitable lenders on our panel at once.
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Get your fleet funded
Compare your offers side by side with your specialist, then accept the one that suits you and get your vehicles on the road.
Apply for fleet finance with Capitalise
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Frequently asked questions
Page last reviewed on by Nick Richardson