Logistical Van Finance

Eliot Frilli
Jan 22, 2021
2 min read

Due to the influx of online retail shopping within the last two months, the demand for courier & logistic vehicles has drastically increased. Vans are the vehicle of choice for businesses with figures demonstrating a 36% increase of van’s registered (for business use) in the UK over the past 5 years. Reliable and up to date vans are essential in order to maintain a courier and logistics business at a high level of efficacy. GSM Finance can help businesses to obtain courier vehicles via two methods, Higher Purchase (HP) and Leasing.

Finance Options

Financing assets can be confusing and unnecessarily complicated. At GSM we will simplify the options available to you. Purchase of new vans can be financed through Hire Purchase (HP) or Leasing. One of our team will also run through the option of gaining finance through CBILS (Coronavirus Business Interruption Loan Scheme).

GSM will guide you through the various options. We will assist you in finding the best method of finance which

best suites you.

Refinance (Using CBILS)

Refinancing allows you to take advantage of your fleet, by raising cash against them simply and efficiently. Utilising the government’s CBILS (Coronavirus Business Interruption Loan Scheme), businesses are entitled to receive funds of £50,000 to £5 million to help refinance their current assets. For a logistical company, it's a no brainer, as it allows full ownership of the vehicle whilst utilising CBILS to help maintain cashflow

Electric Revolution

Want to save even more money? Why not join the electric revolution. In the UK, the government's plug-in vehicles grant means the repayment of 20% (up to a maximum of £8,000) of the purchase price for electric vans. Vans eligible for the grant include Mercedes-Benz's eSprinter & eVito, Ford's Transit PHEV, and Volkswagen's ABT e-Transporter.