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Bin Lift Finance

Spread the cost of a vehicle-mounted bin lift, supplied and fitted, from £2,000 to £13,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a bin lift?

Yes, bin lifts are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £2,000 to £13,000, and most deals are written over 24–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

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Typical Cost

£2k – £13k

Approval Speed

24–48 hours

Same-day for < £6k

Rates From

6.0% APR

What would a bin lift cost per month?

£5,500
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical bin lift price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 6.5% APR
Term
24–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Waste and recycling operators wanting to own the lift outright

Finance Lease

Rate
From 6.0% APR
Term
24–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient; claim 100% of payments against profit

Operating Lease

Rate
From 6.9% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
Fleets refitting bin lifts each time collection vehicles are replaced

Representative example

On a purchase price of £5,500: a 10% deposit of £550, then 48 monthly payments of £116 at 5.9% APR representative (fixed). Total amount payable £6,118, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification Guide price Type
Comb-style bin lift, standard Euro and wheelie bins £2,000 – £4,500 Comb-Style Bin Lift
Split bin lift with integrated weighing system £4,500 – £8,500 Bin Lift with Weighing
Heavy-duty bin lift for large commercial containers £8,500 – £13,000 Heavy-Duty Bin Lift

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Tax benefits

A bin lift is plant and machinery in its own right, so when financed separately from the vehicle it is fitted to, it qualifies for the Annual Investment Allowance, letting a business deduct the full cost from taxable profits in the year of purchase, up to £1,000,000, under Hire Purchase. Where it is bought as part of the vehicle's overall price, it is usually treated under the same rules as the vehicle itself, so check with your accountant which applies to your invoice.

Market context

Waste collection and recycling operators fit bin lifts to refuse and recycling vehicles to tip wheelie bins and larger commercial containers mechanically, work that would otherwise mean manual lifting on every stop of a round. Like a tail lift, a bin lift is fitted equipment attached to a vehicle the operator may own, lease, or finance separately, so it is worth arranging on its own agreement rather than assuming it is automatically covered by whatever funds the chassis, particularly where the underlying vehicle is leased. Replacement is generally driven by hydraulic wear from repeated lifting cycles through a working day, or a business moving a well-maintained lift across to a replacement vehicle at fleet renewal. A steady replacement cycle across UK waste fleets supports a reasonable used and refurbished market for bin lift units in good working order.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

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Frequently asked questions

Can I finance a bin lift separately from the refuse or recycling vehicle it's fitted to?
Yes, this is common practice, particularly where the underlying vehicle is leased or on contract hire rather than owned outright. The bin lift is fitted equipment in its own right, so it can be financed on its own agreement, over its own term, independent of how the chassis underneath it is funded, provided your supplier quotes it separately.
Can I finance bin lifts for several vehicles in a collection fleet at once?
Yes, ordering bin lifts for multiple vehicles on one supplier invoice is a common way to finance a fleet-wide fitting programme, typically securing a better rate than financing each lift separately and reducing the paperwork to one repayment schedule. This suits waste and recycling operators renewing several collection vehicles at once, since it avoids submitting a separate application, and waiting on a separate credit decision, for every single vehicle in the round.
Is a used bin lift easy to finance?
Yes, provided it comes from a reputable installer with a recent service or inspection report, since bin lifts see heavy daily use and hydraulic wear is the main factor a lender will look at. Expect a modest premium on the rate compared with a new unit, and confirmation it has been correctly refitted if moved across from another vehicle.
What deposit is typical for bin lift finance?
Most hire purchase agreements ask for 10–20% deposit, with finance leases sometimes available with none required for an established waste or recycling operator. Given the moderate ticket size of most bin lifts, approval on a straightforward deal is usually quick once trading details and a supplier quote are provided.

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