Fleet Vehicle Replacement Planner
Score your vehicle across four key factors to find out whether it's time to replace, and what replacement finance would cost.
Vehicle details
Enter 0 if owned outright
Select the option that best describes your business. This sets the APR starting from shown.
Overall score
8/12
Starting to age, plan replacement in 12–24 months
Age: 2/3
Approaching mid-life — monitor closely over next 12 months.
Mileage: 2/3
Mileage is accumulating — factor into replacement planning.
Maintenance cost: 1/3
Maintenance is becoming significant — replacement economics improving.
Equity position: 3/3
Vehicle is owned outright — maximum flexibility to replace.
Estimated annual finance cost, new light van (£35,000, APR starting from 8.5%, 48 months)
£10,352
per year · £863 per month
Representative 6.5% APR. Your rate may differ based on your financial profile and lender assessment.
Effective fleet lifecycle management requires more than just tracking mileage. The total cost of ownership, including depreciation, maintenance, fuel, and finance, follows a predictable curve that typically inflects between years four and seven for vans, and years seven and twelve for HGVs. Understanding where your vehicle sits on that curve is essential for making the right replacement decision at the right time, rather than reacting to a breakdown or MOT failure.
The cost of keeping an ageing vehicle is frequently underestimated. Maintenance spend that exceeds 10–15% of market value annually is a strong indicator that replacement economics have turned, even if the vehicle still passes its annual test. Add in the higher fuel costs associated with older, less efficient engines and the growing risk of unplanned downtime, and the financial case for replacement, funded through hire purchase, often becomes compelling well before a vehicle reaches mechanical failure.
Sorbus Finance works closely with fleet managers to structure phased replacement programmes that smooth cashflow and avoid large single-year capital commitments. Whether you are replacing one van or refreshing a fleet of 30 HGVs, our advisers can model the replacement finance costs, identify block fleet facilities that give you a revolving credit line, and match your replacement cycle to lenders who offer the most competitive rates for your specific vehicle types and trading profile.
Explore fleet finance options
See how Sorbus Finance structures fleet funding for operators of all sizes, from a single van to a mixed fleet of HGVs and trailers.
Talk to a fleet adviser
Send us a quick note and a specialist will call you back to discuss your fleet finance requirements.