VAT can create a substantial upfront cost when a limited company buys a commercial van.

A recently formed company may still be considered for van finance, but lenders may ask for stronger evidence of income and affordability.

A practical guide to why a lender may consider director information alongside the limited company when assessing van finance.

Limited company affordability is based on more than turnover.

A company may be able to finance several vans, depending on affordability, commitments, payment history and the strength of the business.