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Cheaper Van Sales news

The Question arises-are van drivers getting a tougher deal?

A recent study by Mercedes-Benz has revealed some interesting statistics on the raw deal that ‘White Van Drivers’ are still receiving from banks.

In Great Britain van drivers contribute over a huge £43.8 BILLION in to the UK’s economy – this is according to the calculations made by Mercedes-Benz, but nearly 60% of van drivers that apply for funding from high street banks see their applications turned down!

Each van in the UK costs more than £5,600 a year in fuel duty and tax alone, which goes into the UK’s economy budget, which is more than a fifth of the average Van Drivers annual income, this doesn’t include the revenue from income tax and national insurance. This aside a high amount of SME’s who need van/van drivers still find themselves getting turned away from the high street bank (according to Mercedes-Benz Van study).

Two thirds of SME’s van drivers and owners are expecting to see their business grown over the next year, which will have a significant benefit towards the UK economy, this aside over half will have their funding applications turned down by the lenders. This compares to a 90% acceptance pre the recession.

In the Mercedes-Benz Vans report it shows a massive increase in the amount of finance that has been requested and approved to the customers.

There is strong economic recovery in the SME sector; research shows SMEs repaid £5.2billion of existing loans in Q1 of 2014. Despite these encouraging financial figures the Bank of England believes lending to SMEs is more risky.

Steve Bridge – Managing Director from Mercedes-Benz Vans, said:

It is staggering that while business van drivers contribute almost £44 billion to the UK economy, and make up of around 10% of the country’s total employment, their significant contribution to the economy is almost certainly forgotten when it comes to Britain’s banks.

In order to ensure these business grow, high street lenders need to wise up and give bank to such an important part of the economy.

We see great potential in the SME market and want to work with this significant business community to best support them and their vehicle requirements, however we can, be it through finance offerings, advice on running their vehicle fleet, or after sales care.


At Cheaper Van Sales we can offer Leasing and Hire Purchase Deals on new vehicles, which means you are able to easily manage your finances.

Our sales team are only a phone call away so call 0845 4 900 400 for more information.

Company Car Tax Information

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Posted on 23rd October 2014 at 10:55 AM

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Posted on 16th October 2014 at 3:44 PM

Contract Hire and Leasing – why vehicle leasing is becoming such a popular choice…

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Posted on 23rd September 2014 at 1:50 PM

Important Information from Mercedes-Benz Vans Urging that all van drivers within the UK check up on their CPC requirements!

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Posted on 19th September 2014 at 11:30 AM

In a matter of just two days A US Auto Company created a 3D printed electric car!

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Posted on 16th September 2014 at 2:33 PM

We Don’t Have A Forecourt!!! Why is this important?

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Posted on 11th September 2014 at 4:33 PM

After being part of our lives for a huge 93 years the paper tax disc is being eradicated!

From the 1st of October 2014, the paper tax disc will be abolished and will no longer... read more

Posted on 8th September 2014 at 11:12 AM

BMW UK posted this image onto their Facebook page which included the following caption…

“We’re proud to announce the launch of our limited edition BMW P.R.A.M (Postnatal Royal... read more

Posted on 22nd August 2014 at 3:22 PM

White Van Drivers… Reducing number of white vans on UK roads!

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Posted on 21st August 2014 at 4:41 PM

How do you feel about your car knowing how you are feeling?

So we have all felt that moment of rage on the road! Some person cuts you up while you are... read more

Posted on 19th August 2014 at 11:22 AM

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