CarMoney has launched a dedicated commercial vehicle finance platform that offers funding for new and used LCVs through a large panel of UK lenders. VanMoney is aimed at
CarMoney has launched a dedicated commercial vehicle finance platform that offers funding for new and used LCVs through a large panel of UK lenders.
The collapse marks a turbulent end for the Loughborough-based business
VanMoney is aimed at sole traders, limited companies and private buyers, offering Hire Purchase (HP) and Personal Contract Purchase (PCP) funding. It provides finance options for applicants with previous credit issues, subject to lender criteria and affordability checks.
Businesses can apply via the VanMoney website using a soft-search eligibility check that does not impact credit scores, routing a single application across a broad panel of commercial lenders.
VanMoney also gives access to exclusive new van deals through its UK dealer partners. Current offers include savings of around 30% on selected Peugeot and Citroën vans, such as the Boxer, Dispatch and Berlingo.
The arrival of the new platform follows the acquisition of Motherwell-based CarMoney by Japanese trading conglomerate Itochu Corporation earlier this year. Under the FCA-approved deal, CarMoney is now part of the Itochu Group while continuing to operate independently under its existing management team.
The launch of VanMoney capitalises on a sustained recovery in the UK LCV sector. The latest data from the Society of Motor Manufacturers and Traders (SMMT) reveals that new van registrations edged up 0.6% in August to 14,445 units – signalling the market’s fifth consecutive month of growth. Year-to-date, the sector is up 4.0% for the first eight months of 2026 compared to the same period last year.
The health of the wider van market is also being reflected in the used sector. Solera Cap HPI said feedback from dealers and auctions during August pointed to improving retail demand, with vehicles selling more easily than in the previous month.
Alastair Grier, CEO of CarMoney, said: “The van market is showing clear signs of growth, and that gives us confidence that this is the right time to launch a dedicated proposition. Van buyers tend to have a very straightforward requirement. They need the right vehicle to do a job, and they need a finance package that works for their business.
“VanMoney brings those two things together. Customers can access a wide range of commercial lenders through a single application, and we can also connect them with exclusive deals on new vans from dealer partners across the UK.”
In its previous financial year, CarMoney brokered £309m in loans, generating £33.8m in revenue and a trading profit of £4.5m. While VanMoney operates strictly as a credit broker rather than a lender, its integration into CarMoney allows it to leverage Itochu’s corporate capital to drive aggressive scaling and investment across the UK.
Grier continued: “We already have considerable experience arranging vehicle finance through CarMoney, but the van market has its own requirements. Creating a dedicated proposition means we can give van buyers a service built around those needs, whether they are buying new or used, operating as a sole trader or limited company, or have a less straightforward credit history.”