Spread the cost of electric trucks from £140,000 to £210,000+ with flexible finance options. HP, lease, or refinance – compare rates from 40+ lenders.
Yes, electric trucks 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 £140,000 to £210,000, and most deals are written over 36–84 months with a deposit of around 10–20%. Decisions typically take 48–72 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£140k – £210k
Approval Speed
48–72 hours
Same-day for < £150k
Rates From
5.1% APR
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical electric truck price. Indicative only, not a quote.
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Check EligibilityOn a purchase price of £170,000: a 10% deposit of £17,000, then 48 monthly payments of £3,586 at 5.9% APR representative (fixed). Total amount payable £189,128, including the deposit. The rate you are offered depends on your business and the asset.
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 |
|---|---|---|
| DAF LF Electric | £140,000 – £180,000 | Electric Urban Rigid |
| Volvo FL Electric | £150,000 – £190,000 | Electric Urban Rigid |
| Renault Trucks D Z.E. | £145,000 – £185,000 | Electric Distribution Truck |
| Mercedes-Benz eActros | £160,000 – £210,000 | Electric Distribution/Heavy Truck |
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Check EligibilityElectric trucks qualify as plant and machinery in the same way as diesel trucks, so the Annual Investment Allowance covers the full cost in the year of purchase, up to £1,000,000, regardless of powertrain; on a high-value electric truck this may not cover the whole cost in one go, and any balance carries forward under normal capital allowances rules. VAT on hire purchase is generally due upfront on the full invoice; finance lease or contract hire spreads it across the rentals instead, which matters more here given how much higher the purchase price of an electric truck currently runs compared with a diesel equivalent.
Electric trucks are currently bought mainly by larger distribution and logistics fleets, local authorities, and businesses with defined urban delivery routes where charging infrastructure at the depot and predictable daily mileage make the higher purchase price and battery range workable. Buyers weigh the significantly higher upfront cost against lower running costs, access to low and zero emission zones, and, for some, customer or contract requirements to reduce fleet emissions. Because the technology and residual values are still relatively new in this category, many operators finance rather than buy outright to limit their exposure to how these trucks hold their value over time.
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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