Finance the trucks that keep goods moving.
Truck finance helps UK haulage, construction, logistics and service businesses spread the cost of HGVs, lorries, tractor units, trailers and specialist commercial vehicles over their working life.
At a glance
- HGVs, lorries, tractor units and trailers
- Hire purchase and finance lease options
- New, used, dealer, auction or verified private sale
- Bodies, tail-lifts, refrigeration and conversions included
- Single owner-operators to multi-vehicle fleets
From
6.4%
Decision
24 hrs
Up to
£2m
From enquiry to funded — usually inside a week.
Enquire in 60 seconds
Tell us the asset, the amount and the timing. Soft search only — no impact on your credit score.
We get to know your business
A dedicated account manager picks up the phone, sense-checks your goals and gathers what we need.
We shop the market for you
We package the application, run it across 60+ specialist lenders and bring back the strongest no-obligation quotes.
Funded — usually in days
Accept the offer and sign electronically. Funds release direct to the supplier or to your account.
What is truck finance?
Truck finance is a business funding structure used to acquire HGVs, lorries, tractor units, trailers and specialist commercial vehicles without paying the full purchase price upfront. The two most common options are hire purchase, where the business usually owns the truck at the end, and finance lease, where the lender owns the asset and the business pays fixed rentals over the agreed term.
Truck and HGV finance across the fleet.
Tractor units
4x2, 6x2 and 6x4 tractor units for haulage, logistics, container work and temperature-controlled fleets.
Rigid trucks
7.5t to 32t rigids including box, curtainsider, flatbed, crane, beavertail and multi-drop bodies.
Tippers and construction
Tipper trucks, grab lorries, mixers, skip loaders, hook loaders and site-support vehicles.
Refrigerated trucks
Chilled and frozen bodies, multi-temperature compartments, tail-lifts and refrigeration units.
Trailers
Curtainsiders, box trailers, skeletal trailers, low-loaders, tankers and specialist trailers.
Recovery and specialist
Recovery trucks, vehicle transporters, refuse vehicles, sweepers and bespoke municipal or utility vehicles.
What could a truck cost on finance?
Indicative examples only. Pricing depends on credit profile, vehicle age, deposit, mileage, supplier, term and whether bodies or conversions are included.
Used tractor unit
- • £95,000 vehicle
- • 60-month hire purchase
- • 10% deposit
- • Indicative payment: £1,850/month
- • Ownership at end: yes
Refrigerated rigid
- • £140,000 truck and body
- • 72-month finance lease
- • VAT spread across rentals
- • Indicative rental: £2,350/month
- • End options: extend, sell or return
Hire purchase vs finance lease for trucks.
| Feature | Hire Purchase | Finance Lease |
|---|---|---|
| Best for | Long-term ownership | Regular fleet refreshes |
| Ownership | You own after the option fee | Lender owns; extend, sell or return |
| VAT | Usually paid upfront and reclaimed if eligible | Spread across rentals |
| Monthly cost | Usually higher | Usually lower |
| Typical term | 36–84 months | 24–72 months |
| Fit | High-mileage vehicles kept for years | Contract-led fleets and refresh cycles |
Truck finance, answered.
Can I finance a truck or HGV for my business?
Yes. AssetFi arranges truck finance for UK limited companies, sole traders and partnerships buying tractor units, rigids, tippers, refrigerated trucks, recovery vehicles and trailers. Funding can cover new, nearly-new and used vehicles from dealers, auctions or verified private sellers.
Is hire purchase or finance lease better for truck finance?
Hire purchase is usually chosen where the business wants to own the truck at the end of the term. Finance lease can suit fleets that refresh vehicles regularly, want VAT spread across rentals, or need lower upfront cost. The best structure depends on mileage, useful life, VAT position and replacement cycle.
Can startups get HGV finance?
Yes, but lenders usually want a strong director profile, relevant sector experience, a credible contract pipeline and a deposit. New operators with an operator licence, confirmed work and a well-specified vehicle normally have more options than speculative purchases.
Can I finance a used truck?
Yes. Used trucks can be financed when age, mileage, condition, title and valuation are acceptable to the lender. The finance term normally needs to end before the vehicle becomes too old for mainstream lending criteria.
Can trailers, bodies and conversions be included?
Often, yes. Curtainsider bodies, tail-lifts, refrigeration units, specialist bodies, racking, livery and trailers can often be included where they are itemised on the supplier invoice and form part of the vehicle package.
How quickly can truck finance be approved?
Straightforward truck finance decisions can arrive within 24 hours. Larger fleet acquisitions, private-sale vehicles, specialist conversions and new-start operators may need management accounts, bank statements, operator licence details, contracts and vehicle valuations.