According to the loan arranger’s website, van owners would benefit from utilising the money from their motor loan to take out sufficient insurance coverage, for their vehicle. Rhiannon Parker: head of van insurance for AA insurance said “Love them or hate them, vans are a big part of our culture and contribute enormously to the UK economy.

“Whether they’re sparkies or plumbers, drivers face significant loss of earnings if their van’s out of service, so it’s essential to ensure they’re properly covered when the worst happens.” It is vital that motor loan money is also put towards an insurance policy, as it is estimated that the standard commercial van was reported to contain up to £1,382 worth of goods.