Funding for the trucks that keep Britain moving.
Rigids, tractor units, curtain-siders, tippers, refrigerated bodies and tail-lifts. New, used, ex-demo or operator part-exchange. Funded by HGV-specialist lenders, not generalist banks.
Rate from
7.4% APR
Deposit
0–15% typical
Term
36–72 months
Typical ticket
£45k – £180k per unit
Specifics matter. Here's what's in scope.
Tractor units
DAF XF/XG, Mercedes Actros, Scania R/S, Volvo FH, MAN TGX, Iveco S-Way. Euro 6 stock and Euro 7 stock as it lands.
Rigids
18-tonne, 26-tonne, 32-tonne, 8-wheelers. Curtain-siders, box bodies, tippers, refuse, hookloader, Hiab cranes.
Refrigerated HGVs
Multi-temp bodies, single-temp reefer, blast freezer trucks. Carrier, Thermo King, Hubbard refrigeration units.
Trailers
Curtain-side, double-deck, refrigerated, low-loader, walking-floor, tipper, tanker. Funded standalone or with the unit.
Used HGV stock
Up to 8 years old at end of term. Dealer, auction or private sale — engineer's report often substitutes for warranty.
Conversions
Tail-lifts, sliding doors, racking, refrigeration retrofit, telematics, fuel tanks. Built into the agreement.
Three reasons hgvs buyers finance.
Match the term to the vehicle's life
A new tractor unit will earn for 7+ years. Spread the cost over 5–6 years and the truck pays for itself out of the contract revenue it generates.
Preserve cash for drivers and fuel
Driver wages and fuel are 60%+ of operating cost. Locking £150k of cash into a vehicle when it could fund six months of payroll rarely makes sense.
Tax-efficient via hire purchase
HP qualifies for full expensing — 100% write-off against corporation tax in year one (subject to status and HMRC rules; consult your accountant).
From quote to hgvs on the road.
Tell us the spec
Make, model, age, dealer, on-road price. We can issue a soft-search approval in 24 hours without committing to the deal.
We shop the truck panel
Match against 8+ HGV-specialist lenders. Best rate and structure surfaces typically within hours, not days.
Documents and pay-out
E-signed in minutes. Dealer paid the morning after, vehicle on the road as soon as it's plated and prepped.
Hire Purchase usually wins for hgvs.
Most operators want to own the truck outright after 5–6 years to either keep running it cost-free or trade it in. HP delivers ownership and qualifies for full expensing.
Reviewed by UK businesses
Sorted in 36 hours
"Bank wanted three weeks just to look at the file. AssetFi had the agreement signed and the digger paid for in 36 hours. Couldn't fault them."
Genuinely no fees
"I'd been stung by brokers before so I asked twice — really, no fees? Confirmed in writing. Got a sharper rate than my bank too. They've now done four vans for me."
Understood our cash flow
"We needed a CBCT scanner but our last accounts had a bad quarter. AssetFi went to specialist healthcare lenders, came back with three options and explained each properly. Brilliant."
HGV Finance — what people ask.
What's the maximum age of HGV you'll finance?
Most lenders fund vehicles up to 6 years old at the start of a 5-year term — so the truck can be 11 years old at the end. A handful of specialists go to 8 years at the start on premium brands with full service history.
Can I finance a truck I'm buying at auction?
Yes — we work with three lenders comfortable with auction stock (BCA, Manheim, Aston Barclay, dealer-only auctions). You'll typically need an inspection report. We can issue a pre-approved facility before you bid so you know your ceiling.
Do I need an O-licence to apply?
For vehicles over 3.5 tonnes, yes. The lender will want sight of your operator's licence, transport manager qualification and base evidence. If you're applying for one in parallel, we have lenders who'll proceed on the application reference.
What if the truck has a long build slot?
Standard for new tractor units. We'll issue a credit-approved facility that holds for 6 months, pay any factory deposit needed to lock in the build, and pay the balance on first registration. Rentals only start when the vehicle hits the road.
Ready to fund your hgvs?
Soft search. 24-hour decisions. No broker fees, ever.
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