Lendus.

Lorry Finance

Spread the cost of lorries from £35,000 to £120,000+ with flexible finance options. HP, lease, or refinance – compare rates from 40+ lenders.

Can you finance a lorry?

Yes, lorrys 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 £35,000 to £120,000, 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.

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2-minute application
No credit check to apply
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Typical Cost

£35k – £120k

Approval Speed

24–48 hours

Same-day for < £75k

Rates From

4.6% APR

What would a lorry cost per month?

£65,000
10%
60 months
9%
£0

Your estimate

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

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

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Finance options

Hire Purchase (HP)

Rate
From 4.9% APR
Term
24–72 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Businesses wanting to own the lorry outright

Finance Lease

Rate
From 4.6% APR
Term
24–72 months
Deposit
None required
Ownership
Return, refinance the balloon, or buy at the end
Best for
Tax-efficient: rentals are deductible in full against profit

Contract Hire

Rate
From 5.3% APR
Term
24–60 months
Deposit
None required
Ownership
Return at the end
Best for
Keeping the vehicle modern without owning the depreciation risk, off balance sheet

Representative example

On a purchase price of £65,000: a 10% deposit of £6,500, then 48 monthly payments of £1,371 at 5.9% APR representative (fixed). Total amount payable £72,308, 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
DAF LF £45,000 – £70,000 7.5–12t Rigid
Mercedes-Benz Atego £48,000 – £80,000 7.5–18t Rigid
Volvo FL £55,000 – £90,000 Rigid Lorry
Iveco Eurocargo £40,000 – £65,000 Medium Rigid

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Tax benefits

Lorries qualify as plant and machinery, so the Annual Investment Allowance lets you deduct the full purchase cost from taxable profits in year one, up to £1,000,000. On hire purchase, VAT is generally due upfront and reclaimed on your next VAT return if you're registered. On finance lease or contract hire, VAT is charged on the rentals instead and recovered within them as you pay, which keeps cash tied up in the vehicle to a minimum.

Market context

Lorries in the 7.5 to 32 tonne rigid bracket are bought by a wide spread of businesses: builders' merchants, waste and recycling firms, local distribution companies, and tradespeople who've outgrown a van. Many buyers choose finance because it lets them keep a rigid lorry's cost off the balance sheet or spread it against the revenue the vehicle generates, rather than tying up cash that could go into stock or staff. Replacement decisions are usually driven by mileage, MOT and inspection costs on an ageing chassis, and whether a newer Euro-standard engine helps with access to low emission zones.

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 lorry?
Yes. Most lenders will finance a used lorry up to around 10 years old at the start of the agreement, and some will go older case by case. Rates on used equipment typically run 0.5–1% higher than new because residual values are less certain. An independent inspection or valuation is common for older or higher-value vehicles before the lender confirms terms.
What deposit do I need for lorry finance?
For hire purchase, most lenders ask for 10–20% deposit. Finance lease and contract hire agreements often need no deposit at all, since the lender keeps an interest in the lorry throughout the term. Putting down a larger deposit reduces your monthly payments and can unlock a better rate, but it isn't compulsory on most deals; it's a trade-off between cash flow today and the total cost of the agreement.
How quickly can I get lorry finance approved?
Straightforward applications for a lorry under £75k are commonly approved within 24–48 hours, and same-day decisions are possible once paperwork (bank statements, accounts, proof of ID) is in. Larger or more complex deals, multiple units, or first-time applicants without a strong trading history usually take longer, sometimes 5–7 working days, while the lender reviews the business case and, for higher-value assets, arranges an inspection.
Do I need to have been trading for a minimum period?
Most mainstream lenders look for 2+ years of trading history before offering standard rates and terms on lorry finance. Newer businesses aren't automatically excluded, but they may be asked for a personal guarantee from a director, additional security, a higher deposit, or a shorter term to offset the extra risk. Start-ups sometimes do better going through a broker who can match them to a lender that specialises in newer businesses.
What's the difference between financing a lorry and an HGV?
In practice the terms overlap: any goods vehicle over 3.5 tonnes is legally an HGV, and "lorry" is simply the everyday word for a rigid one. Lenders don't usually treat the two differently, they price on the vehicle's value, age, and your trading history rather than the label. The one thing worth checking is your Operator's Licence: rigid lorries used commercially over 3.5 tonnes still need one, the same as an articulated tractor unit, and most lenders will ask about it before releasing funds.

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