Spread the cost of HGVs from £60,000 to £160,000+ with flexible finance options. HP, lease, or refinance – compare rates from 40+ lenders.
Yes, hgvs 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 £60,000 to £160,000, and most deals are written over 24–72 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£60k – £160k
Approval Speed
24–48 hours
Same-day for < £75k
Rates From
4.5% APR
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical hgv price. Indicative only, not a quote.
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Check EligibilityOn a purchase price of £100,000: a 10% deposit of £10,000, then 48 monthly payments of £2,110 at 5.9% APR representative (fixed). Total amount payable £111,280, 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 XF 480 | £75,000 – £95,000 | 6x2 Tractor Unit |
| Scania R450 | £85,000 – £110,000 | Artic Tractor Unit |
| Volvo FH 460 | £85,000 – £115,000 | Artic Tractor Unit |
| Mercedes-Benz Actros | £85,000 – £130,000 | Artic Tractor Unit |
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Check EligibilityHGVs bought outright or on hire purchase normally qualify as plant and machinery, so the Annual Investment Allowance lets you deduct the full cost against taxable profits in the year you start using the vehicle, up to the current £1,000,000 AIA limit. VAT on the purchase price is generally payable upfront on HP, then reclaimed if you're VAT-registered. On finance lease or contract hire there's no big VAT bill at the start: VAT is charged on the rentals and recovered within them as you pay, and the rentals themselves are usually deductible as a business expense.
HGVs are bought almost exclusively by businesses: hauliers, own-account fleets running vehicles alongside another trade, and owner-drivers working for a haulage company or agency. Most operators finance rather than buy outright because a tractor unit is one of the largest single purchases a small haulage business makes, and spreading the cost protects working capital for fuel, tyres, and driver wages. Fleets are commonly renewed on a cycle timed around warranty cover, residual values, and Euro emission standards, with many operators mixing new units under warranty alongside used ones bought more cheaply once the steepest depreciation has passed.
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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