How It Works

Business finance

Business car finance, otherwise known as business contract hire, is a car lease in the business’ name. Instead of being tied to a person, the lease contract is with the company. It allows you to spread the cost of a vehicle over fixed monthly payments, then when the term ends, you hand the vehicle back.
A limited company, sole trader, partnership or LLP are all eligible for a business lease, providing they’ve been trading for two or more years.
Yes, you can use your vehicle for both business and personal use; however, if you’re VAT registered, you’ll only be able to claim up to 50% of the VAT back from your monthly payments, and you’ll also be subject to company car tax.
Low, fixed monthly payments, no commitment to owning a depreciating asset, tax savings and driving a vehicle you may not otherwise be able to afford are all benefits of business car finance.
For your business to be accepted for car finance, it must have been established and running for at least two years. This gives the lenders proof that your business is profitable and secure and, therefore, less of a risk when lending money to you.
Yes, a business can claim up to 100% of the VAT on its vehicle’s monthly payments, providing the business is VAT registered and the vehicle isn’t used for personal journeys. If it’s split for business and personal, a business can only claim up to 50% of the VAT.
The shortest business lease we offer is a 12-month agreement; however, we may offer a shorter lease depending on the vehicle.
Yes, we provide cars and vans for business fleets. If you’re looking for a collection of different vehicles, we can help. While the cars may be part of a fleet, we treat them as individual vehicles throughout the process, so you’re always guaranteed quality.
Usually, manufacturers will only provide a discount if you order more than five vehicles at one time.
Yes, if you’re self-employed or a sole trader, you can get car finance. Before accepting you, the lender will often ask for at least two years’ of accounts.
Yes, we work with lenders who specialise in helping those with bad credit. We can’t guarantee you’ll be accepted, but we always guarantee to consider every circumstance.
You’ll need to provide your tax return if you’re self-employed or a sole trader. You also may be asked to provide up to two years of accounts.
If the vehicle is for business use only, you can claim up to 100% of the VAT back on your monthly payments - providing you/your company is VAT registered. The same goes for maintenance packages. You can also note any excess mileage charges at the end of your agreement down as a business expense. If the vehicle is used for both business and personal journeys, you can claim up to 50% of the VAT back from your monthly payments.

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Representative Example of Credit

Based on a Hire Purchase (HP) agreement. We expect more than 51% of our customers to achieve this rate.

Loan amount




60 monthly payments


Deposit amount


Loan term

60 months

Flat rate


Total cost of credit


Total amount payable


All pictures and/or photos and car descriptions on this site are for illustration and reference purposes only and are not necessarily the vehicle on offer. All offers are subject to change at any time and are subject to finance approval and vehicle availability. All prices correct at time of publication. E & OE.

Hippo Vehicle Solutions Limited t/a Hippo Finance is authorised and regulated by the Financial Conduct Authority. FRN 658076. Company number 06215364, registered company address – Unit 26, Trident Park, Trident Way, Blackburn, BB13NU. We are a Credit Broker not a Lender and can introduce you to a limited number of lenders. Subject to status and to UK residents only (excl. the Channel Islands). Individuals must be 18 or over. Guarantees and indemnities may be required. We typically receive a commission for introducing you to a lender, the commission we receive may be preset but can vary and impact the amount payable. Images for illustrative purposes only. Hippo Vehicle Solutions Limited t/a Hippo Finance is an Appointed Representative of AutoProtect (MBI) Limited for insurance distribution purposes. AutoProtect (MBI) Limited is authorised and regulated by the Financial Conduct Authority. Its firm reference number is 312143. You can check this at

* Only a soft check is carried out when you complete this finance check which won’t affect your credit score. However, if you choose to proceed and order a vehicle, a full credit check will be carried out.
** Delivery and collection times are dependant on your vehicle being ready when you place your order. If your vehicle is still being prepared then these times may be extended.
*** We offer you a 14 day money back guarantee, meaning you’re not stuck in the remainder of your contract, if you change your mind once you’ve signed your documents. But this is subject to a cancellation fee which is £600.

We endeavour to ensure that all information including the specifications and finance availability are accurate. Whilst we make every effort to display correct information we are aware that errors may occur occasionally. We are not able, therefore, to guarantee the accuracy of all information especially when given to us by third parties. If you do require clarification of some information you have seen on our website, please email us at [email protected]. This does not affect your statutory rights.

Our registered office is Unit 26 Trident Park, Trident Way, Blackburn, BB1 3NU.

When completing an application on this site we will automatically check your eligibility across a range of finance & leasing products to provide you with the best selection of options that we can. Below is a Representative Examples of our HP finance options for comparison, we expect more than 51% of customers to achieve the rates shown.

Representative Example Of Credit (Hire Purchase)
Hire Purchase (HP) Finance Example: Cash Price £12,480.00 Total Deposit £1,140.00. Total Amount of Credit £11,340.00. 60 monthly repayments of £284.50. Interest Charges of £5,730.00 Total Amount Payable £18,309.00. Annual Fixed Interest Rate of 11.1%. Representative APR 18.9%.