Close Brothers Asset Finance is one of the few mainstream specialist lenders that takes a straightforward approach to electric vans - treating them as standard commercial assets rather than applying an EV-specific premium or requiring complex battery lease separation. For businesses looking to finance an eSprinter, E-Transit, Vivaro-e, or Master E-Tech, Close Brothers offers a clean, competitive route to finance.
Close Brothers Electric Van Finance - Rate Guide
| Vehicle | Typical APR Range | Term | Notes |
|---|---|---|---|
| Mercedes-Benz eSprinter 114kWh | 4.5–9% | 2–5 years | Battery treated as part of asset |
| Ford E-Transit (all ranges) | 4.5–9% | 2–5 years | New and used considered |
| Vauxhall Vivaro-e / Combo-e | 5–10% | 2–5 years | All battery sizes |
| Renault Master E-Tech | 5–10% | 2–5 years | New and used |
| Maxus eDeliver / LDV | 5.5–11% | 2–5 years | Acceptable - growing lender familiarity |
| Used EV van (under 4 years) | 6–11% | 2–4 years | Residual value risk factored in |
Indicative rates. October 2026. Battery is included as part of the asset value - no separate battery lease.
How Close Brothers Treats Electric Vans
A key advantage of Close Brothers for EV van finance is their approach to the battery. Some lenders either refuse to finance EVs or require the battery to be leased separately (common with some older EV models). Close Brothers treats the battery as an integral part of the vehicle asset - just as an engine is part of a petrol van - which means you get a single, clean finance facility with no separate battery lease obligation.
Strengths
- Battery treated as part of the vehicle - no separate battery lease
- Covers all major EV van makes and models
- Competitive rates from 4.5% for prime credits
- Both new and used electric vans accepted
- Familiar with eSprinter, E-Transit and Vivaro-e residual values
Limitations
- Used EVs over 4 years old treated with more caution
- Battery health report may be required on used vehicles
- Minimum facility typically £5,000