Business Loans for New & Used Car Dealerships
Get £3k to £300k in 24 hours*
- Pay back through future card sales
- Unsecured – there’s no worry
- Same day business funding
Quick Decision with No Obligation
Get £3k to £300k in 24 hours*
Quick Decision with No Obligation
Accelerate your business growth and stay ahead of your competitors with business finance designed for new and used car dealerships. A merchant cash advance unlocks funding in your customer card sales, allowing you to purchase new vehicle stock for your forecourt, expand your showroom or launch new services.
Unlock funding from £3,000 up to £300,000 against your customer card sales.
Automatically repay a small percentage when customers purchase by card – There are no fixed payments.
The advance is unsecured, so your business assets are safe.
A quick decision and process mean you can access your money in just 24 hours* after approval.
The cost of the finance is made clear to you upfront. There are no hidden costs, confusing APR’s or other nasty charges.
Apply at any time - We can process your application 24 hours a day.
Quick Decision with No Obligation
There are an estimated 15,564 used car and light motor vehicle dealerships across the UK. With competition fierce, investing in your business is essential to stay ahead and grow your sales.
At MLA, we’re proud to support car dealerships and used car salerooms across the UK with flexible merchant cash advance funding. While traditional financing options like bank loans, secured commercial loans, and mainstream finance exist, they often come with strict criteria, lengthy applications, business plan requirements, security demands, and hidden fees that make the process complex and time-consuming.
A merchant cash advance works differently. Instead of fixed monthly repayments, your repayments are linked to your sales, so you pay less during quieter periods and more when business is booming. This makes it a flexible, business-friendly solution, particularly useful for dealerships with seasonal fluctuations.
We’re helping more car dealerships unlock the funding they need to grow, improve cash flow, and invest in stock, equipment, or business expansion without the stress of rigid repayment schedules.
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Car dealer finance is a funding solution for businesses that sell new or used vehicles such as cars, motorcycles and vans. Whether you need funding to purchase new vehicle stock for your forecourt or to make improvements to your showroom, car dealer finance could help accelerate the growth of your dealership.
The amount you can borrow depends on your average monthly card sales turnover. For example, if your dealership processes £50,000 per month in card sales, you could potentially borrow up to 100% of that amount, or even more.
In some cases, lenders may advance a larger sum, approaching the equivalent of your total business turnover, including both card and cash transactions.
We offer car dealer finance in the form of a merchant cash advance. This type of funding works slightly differently from a traditional business loan.
Unlike traditional finance, where you pay off a set agreed amount of money each month, a merchant cash advance allows you to repay a percentage of your future card sales.
In other words, you repay as you make sales from customer credit and debit transactions. This amount can average from 10% plus. For example, a customer purchases a second-hand car for £1000 and pays you by card. You will keep £900, and £100 (10% repayment) is paid back automatically to the lender.
Unlike traditional loans, there is no APR or interest rate. Instead, lenders use a factor rate to calculate the total cost of your advance. This factor rate is fixed at the start, so you know exactly how much you will repay.
On average, the factor rate can start from around 1.20, depending on business risk. For example, if you borrow, £10,000, you will repay £12,000 and a business looking for £50,000 would repay £61,500
Rates vary between lenders, so using a broker like MLA can help you get the best rate. You can also use our calculator to estimate costs of the cash advance before applying.
Yes, if your dealership offers additional services, such as vehicle servicing, body and tyre repair and MOT's, the card sales made through these channels will be included and contribute to your advance amount and repayment.
Read more about business loans for car services and MOT centres here.
Quick Decision with No Obligation
"We have helped many car dealerships across the UK receive funding to grow"
£20+ Million
Total Funded to Businesses
90%
Application Approval Rate
The process is fast, simple and straightforward. It's hassle-free, meaning there's no complicated paperwork to complete so you can focus on growing your business.
Apply online for a cash advance from £3,000 up to £300,000 for any business purpose.
The merchant cash advance can be with you in as little as 24 hours* after approval.
You simply pay back a small percentage of your future card sales as they happen. You only repay when you sell.
Quick Decision with No Obligation
