Lendus.

Excavator Finance

Spread the cost of excavators from £15,000 to £350,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a excavator?

Yes, excavators 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 £15,000 to £350,000, and most deals are written over 12–84 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

200+ UK lenders
2-minute application
No credit check to apply
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Typical Cost

£15k – £350k

Approval Speed

24–48 hours

Same-day for < £100k

Rates From

4.4% APR

What would a excavator cost per month?

£95,000
10%
60 months
9%
£0

Your estimate

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

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

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Finance options

Hire Purchase (HP)

Rate
From 4.8% APR
Term
12–84 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Businesses wanting to own the excavator outright

Finance Lease

Rate
From 4.4% APR
Term
12–84 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate
From 5.1% APR
Term
24–60 months
Deposit
None required
Ownership
Return at end
Best for
Upgrade to the latest models regularly. Off balance sheet.

Representative example

On a purchase price of £95,000: a 10% deposit of £9,500, then 48 monthly payments of £2,004 at 5.9% APR representative (fixed). Total amount payable £105,692, 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
CAT 320 GC £130,000 – £200,000 20-Tonne Tracked Excavator
Komatsu PC210 £120,000 – £180,000 21-Tonne Tracked Excavator
Volvo EC220E £130,000 – £190,000 22-Tonne Tracked Excavator
JCB JS131 £70,000 – £100,000 13-Tonne Tracked Excavator

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Tax benefits

Excavators qualify for Annual Investment Allowance (AIA), letting you deduct the full purchase cost from taxable profits in year one, up to £1,000,000. HP agreements allow you to claim capital allowances. Lease payments are typically fully deductible from profits.

Market context

Excavators are bought by groundworks and civil engineering contractors, house builders, landscapers and plant hire firms, spanning a compact machine for a small landscaping business to a large tracked excavator for a major contractor. Most buyers finance rather than pay cash because the machine needs to be earning from the day it arrives on site, and a hire purchase agreement lets a contractor match repayments to the contracts the machine is working on. Replacement is generally driven by hours run and rising hydraulic and undercarriage repair costs rather than a fixed age. A large, liquid used market, with strong export demand, keeps residual values solid.

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 used excavator?
Yes, most lenders finance used excavators up to around 10 years old, and an independent valuation is usually required for machines over 5 years old. Rates for used equipment are typically a little higher than new to reflect the shorter remaining working life. Hydraulic and undercarriage condition matter more to a lender's decision than age alone, and a machine from a plant hire fleet with documented service history generally secures better terms than an unknown-history example bought privately or at auction.
What deposit do I need for excavator finance?
For hire purchase, most lenders ask for a 10-20% deposit, while finance leases and operating leases can often be arranged with no deposit at all. A larger deposit reduces the monthly payment and may unlock a better rate, which matters more on a larger tracked excavator than on a compact machine for a smaller landscaping business. Many contractors weigh the deposit size against needing the machine earning on site from day one rather than tying up capital before work has begun.
How quickly can I get excavator finance?
Most applications are approved within 24-48 hours. Straightforward deals under £100,000 often get same-day approval, which covers most compact and mid-size excavator purchases. Larger or more complex deals, such as a large tracked excavator bought alongside attachments, may take five to seven working days as the lender reviews the fuller specification. Having a clear itemised quote for the machine and any attachments ready before applying keeps a straightforward application moving quickly.
Do I need to have been trading for a minimum period?
Most lenders require at least two years of trading history. Start-up businesses can still access finance but may need a personal guarantee or a higher deposit, since the lender has less trading history to assess. Because excavators have a large, liquid used market with strong export demand, lenders are generally comfortable financing even a newer contractor or landscaper provided the machine itself offers solid resale value as security behind the agreement, particularly for common compact and mid-size models.
What happens at the end of an excavator finance agreement?
Hire purchase transfers full ownership of the excavator once the agreement is paid off, which suits a business wanting to own its machinery outright and keep using it across successive contracts. A finance lease usually offers a balloon payment to take ownership, continued rental, or handover to the funder, while an operating lease is return-only, which suits a business wanting to upgrade to the latest models regularly rather than run the same machine to the end of its working life. Hours run and rising repair costs, more than age, tend to drive replacement.
Can I finance an excavator with attachments and a trailer included?
Yes, provided they appear on the supplier's invoice alongside the excavator itself, most lenders fund buckets, breakers, quick hitches and a transport trailer as part of the same agreement rather than requiring them to be paid separately. This is common for a first excavator purchase, where attachments and a means of moving the machine between sites can add a meaningful amount to the total cost. Keeping everything on one itemised invoice makes it straightforward to finance as a single amount.

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Guides and resources

What Is Asset Finance? HP vs Leasing Operating vs Finance Lease Best Asset Finance Companies Close Brothers Review Lombard Review

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