Finance FAQ's

 

What types of finance do you offer?

We offer two types of finance options

Hire Purchase (HP)

With HP, you pay for the vehicle in instalments over a fixed period. Once the final payment is made, you own the vehicle

OR

Finance Lease

A Finance Lease allows you to rent the vehicle for a set period. You won’t own the vehicle, but you can extend the lease or sell/return the vehicle at the end of the agreement. If the vehicle is sold, you’ll receive a large percentage of the profit. No mileage or damage fees apply.

Comparison Table

Feature	Hire Purchase (HP)	Finance Lease
Ownership	You own the vehicle after final payment	You do not own the vehicle
Instalment Payments	Yes	Yes
Profit from Vehicle Sale	Yes	Yes, you receive a majority percentage of profit
End of Agreement Options	Vehicle becomes yours	Extend lease, sell, or return vehicle
Mileage/Damage Charges	May apply	No direct damage or mileage charges
VAT Payment	Upfront or deferred for 3 months	Paid monthly

 

In both cases excess mileage of damage to the vehicle could impact resale value.

Who do you provide finance to?	A range of finance options is provided to; Limited companies Sole traders Partnerships Private individuals
How does VAT work?	Hire Purchase (HP) You can either: Pay VAT upfront as a deposit. Defer VAT for up to 3 months. Finance Lease VAT is included in your monthly payments.
How do I apply?	You can apply by completing the Proposal Form. Or call Kirkwood Asset Finance on 0141 459 0854.
How long does approval take?	Approval typically takes between 1 hour and 24 hours.
Do I need to pay a deposit?	It depends on your business's financial health. Strong businesses may not need a deposit, but newer businesses or those with adverse credit likely will. Deposits typically range from one month’s rental or 5% of the finance amount.
Can I get vehicle finance with poor credit or as a new business?	Yes, we work with funders who support businesses with poor credit or those just starting out.
Is finance provided by VanDemand?	Finance is not provided by VanDemand we work with a third-party lender, Kirkwood Asset Finance.

 

Step-by-Step Finance Enquiry Process

Submit Your Proposal Form: Complete the Proposal Form or call 0141 459 0854 for assistance.

Application Review: Your application will be reviewed and submitted to a panel of lenders for consideration.

Credit and Business Assessment: The lender will assess your business's financial strength and credit history to determine whether a deposit is required.

Approval Process: Approval can be granted within 1 hour but may take up to 24 hours.

Finance Agreement: Once approved, you will receive the finance agreement directly from the lender. This will outline all terms, payment schedules, and any required deposit.

Final Steps: Upon signing the agreement and any necessary payments (such as a deposit), the funds will be made available for your vehicle purchase or lease.

Please note:

Finance is not provided by VanDemand, we work with a third-party lender, Kirkwood Asset Finance.

All figures provided are for illustrative purposes only.

VanDemand/CPD does not provide financial products or services. While we may refer customers to third-party finance providers as part of our customer support, we do not engage in any financing arrangements ourselves and are not responsible for the terms, approval, or management of third-party finance agreements. We advise customers to conduct their own research, seek professional financial advice, and carefully review the terms and conditions of any financial product before entering into any agreement. VanDemand/CPD is not liable for any decisions or agreements made with third-party finance providers.

Finance offers are only available to business users.

We don’t require you to use the finance provider we have featured. You are free at all times prior to delivery to secure financing for yourself and it is always possible that you may find a better offer elsewhere. Please ensure you do your own research.

VanDemand receives a commission from our Finance Partner.