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Hearse Finance

Spread the cost of a hearse from £45,000 to £120,000+ with flexible finance options: HP, lease or refinance. Compare rates from 40+ lenders.

Can you finance a hearse?

Yes, hearses 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 £45,000 to £120,000, and most deals are written over 24–72 months with a deposit of around 10–20%. Decisions typically take 48–72 hours. Used machines are financeable too, usually with a shorter term.

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Typical Cost

£45k – £120k

Approval Speed

48–72 hours

Same-day for < £50k

Rates From

6.0% APR

What would a hearse cost per month?

£75,000
10%
60 months
9%
£0

Your estimate

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

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

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Finance options

Hire Purchase (HP)

Rate
From 6.5% APR
Term
24–72 months
Deposit
10–20%
Ownership
Yours at the end
Best for
A funeral director's main hearse, in daily service and expected to run for its full working life

Finance Lease

Rate
From 6.0% APR
Term
24–72 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Replacing a hearse without a large deposit, keeping cash free for other parts of the business

Operating Lease

Rate
From 6.8% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
A firm adding a second or seasonal vehicle without committing to full ownership

Representative example

On a purchase price of £75,000: a 10% deposit of £7,500, then 48 monthly payments of £1,582 at 5.9% APR representative (fixed). Total amount payable £83,436, 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
Mercedes E-Class-Based Hearse (coachbuilt, new) £70,000 – £95,000 Coachbuilt Hearse
Volvo/Jaguar-Based Hearse (coachbuilt, new) £65,000 – £90,000 Coachbuilt Hearse
Electric Hearse (coachbuilt, new) £75,000 – £110,000 Electric Coachbuilt Hearse
Used/Refurbished Hearse (3–5 years) £25,000 – £55,000 Used Coachbuilt Hearse

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Tax benefits

Hearses qualify for the Annual Investment Allowance, so a purchase or HP agreement can usually be deducted against taxable profit in the year of purchase, and lease payments are deductible in full as they are paid. Livery, signwriting and any bespoke coachwork specified for the vehicle are usually invoiced as part of the coachbuilder's price and can typically sit on the same agreement.

Market context

Hearses are bought by funeral directors, from single-branch independents to regional and national groups, usually as a replacement for an ageing vehicle rather than a first purchase, since most firms need at least one hearse to operate at all. A funeral director finances a hearse because a purpose-built coachbuilt vehicle costs considerably more than the donor car it's built from, and spreading that cost over several years matches how the vehicle is used, day in and day out, for the length of its service life. Hearses and other funeral vehicles are long-life assets in a stable, low-churn sector, which is generally viewed favourably by lenders assessing the application. Many funeral directors also sell pre-paid funeral plans, which are regulated by the Financial Conduct Authority; that regulatory relationship sits separately from vehicle finance, but it is something a lender may ask about when reviewing the wider business.

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

Is financing a hearse different from financing an ordinary commercial vehicle?
The finance products, hire purchase, finance lease and operating lease, work the same way, but a hearse costs considerably more than its donor vehicle because of the coachbuilt conversion behind it. Lenders are familiar with this category and generally treat the finished coachbuilt vehicle as a single asset, provided the coachbuilder's invoice clearly sets out what's included in the price.
Can I finance a used hearse rather than a new one?
Yes. Coachbuilt hearses hold their value reasonably well and there's an established resale market through specialist funeral vehicle dealers, so a used hearse with a clear service history can be financed in the same way as a new one. This is a common and practical route for a smaller or newer firm building up its fleet. It's worth asking the dealer for the vehicle's full conversion and service history before applying, since a well-documented used hearse is generally straightforward for a lender to assess.
Does hearse finance cover the coachbuilt conversion as well as the base vehicle?
Where the hearse is supplied as one finished vehicle by a coachbuilder such as those the industry commonly uses, the base vehicle and the conversion are usually invoiced together and financed as a single asset. If you're sourcing the base vehicle and the conversion separately, it's worth checking with the lender how they'd prefer the purchase structured before ordering. Most firms find it simpler to order a complete finished vehicle from one coachbuilder for exactly this reason, rather than managing the base vehicle and conversion as two separate purchases.
Is hire purchase or a lease better for a hearse?
Most funeral directors choose hire purchase, since a hearse is expected to stay in service for many years and the firm wants to own it outright once the agreement ends. A firm adding a second vehicle for busier periods, or trialling an electric hearse before committing its whole fleet to one, sometimes prefers a lease instead, which keeps more flexibility around that vehicle specifically.
Will a lender finance a hearse for a newly established funeral business?
It's possible, though a new firm should expect closer scrutiny than an established one, given the value involved. Evidence of suitable premises, any local partnerships already in place, a deposit, or a personal guarantee can all help a new funeral business get its first vehicle financed. If the firm also plans to sell pre-paid funeral plans, a lender may separately ask how that FCA-regulated side of the business is structured.

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