How Van Finance for Bad Credit Works
Getting started with van finance for bad credit is straightforward with Autodosh. Our process is designed to be clear and transparent, helping you to understand your options and move towards van ownership with confidence. Whether you have good credit, poor credit scores, or no credit history at all, our goal is to connect you with a suitable finance deal that matches your financial situation.
Why Choose Autodosh for Van Finance if You Have Bad Credit
Our service is designed to give you access to a range of potential finance options, including van finance with no deposit and bad credit history. Choosing Autodosh for van finance bad credit gives you access to a service designed for transparency and flexibility.
Here’s why we stand out:
- Range of lendersWe compare offers from multiple finance providers, potentially increasing your chances of approval.
- Individual solutions Applications are reviewed on more than just your credit score. Our lenders also consider your income, affordability, and personal circumstances.
- Responsible checksThe lender will usually do an initial soft credit check, which protects your credit file. A hard check will only be done if you decide to proceed with a finance agreement through a specific lender.
What is Bad Credit Van Finance
Bad credit van finance allows you to spread the cost of a new or used van over monthly payments. It is suitable for customers with past financial difficulties, such as missed payments, CCJs, or defaults.
When you apply for a loan, a lender may check your credit file with one of the three main UK credit reference agencies: Experian, Equifax, or TransUnion. These agencies will assign a credit score based on your borrowing history and past financial behaviour. This could demonstrate to a potential lender how financially reliable you may be.
Apply NowTypes of Van Finance for Bad Credit
Choosing the right type of van finance is important to ensure your agreement fits your budget and personal circumstances. The type of finance you select may affect your monthly payments, the total cost of the van, and when, or if, you will become the legal owner. Whether you’re looking for van finance with no deposit, HP, PCP, or something else, our lenders may have tailored solutions to suit your needs.
Some types of van finance:
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Hire Purchase (HP):
With HP, you will make fixed monthly payments. Once the contract ends, you will own the van outright. -
Personal Contract Purchase (PCP):
PCP agreements may have lower monthly payments than HP. At the end of your contract, you can make a final balloon payment to keep the van, return it, or part-exchange it. -
Conditional Sale:
This type of finance agreement allows you to be the registered keeper of the van while making regular payments. You will own the van at the end of your contract.
Eligibility Criteria for Bad Credit Van Finance
There are some requirements to meet to potentially improve your chances of approval with our panel of lenders:
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A van priced between £4,000-£35,000.
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Less than 125,000 miles and under 12 years old by the end of the agreement.
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Monthly income over £1,000 (after tax).
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Aged between 20-75.
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A full, valid UK driving licence.
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Proof of income for at least two consecutive months.
Apply For Van Finance with Bad Credit
Our application process is straightforward. The lender may start with a soft credit check, which does not affect your credit score. You can review your finance options before proceeding. A hard credit check only occurs when you choose a van and agree to the terms with the lender.
You can use our finance calculator to estimate your monthly payments, total repayment, and interest rates, to help plan your finances. The interest rate and credit rates offered will depend on your financial situation, and all lenders we work with are regulated by the Financial Conduct Authority (FCA).