Spread the cost of a medicine fridge from £800 to £3,500+ with flexible finance options: HP, lease or refinance. Compare rates from 40+ lenders.
Yes, medicine fridges 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 £800 to £3,500, and most deals are written over 12–48 months with a deposit of around 10–20%. Decisions typically take 24 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£800 – £4k
Approval Speed
24 hours
Same-day for < £5k
Rates From
5.0% APR
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical medicine fridge price. Indicative only, not a quote.
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Check EligibilityOn a purchase price of £1,600: a 10% deposit of £160, then 48 monthly payments of £34 at 5.9% APR representative (fixed). Total amount payable £1,792, 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 |
|---|---|---|
| Labcold Pharmacy Fridge (solid door) | £900 – £1,600 | Pharmacy Refrigerator |
| Labcold Intellicold Pharmacy Fridge (glass door, data logging) | £1,500 – £2,700 | Data-Logging Pharmacy Fridge |
| Larger Capacity Vaccine/Medicine Fridge (200L+) | £2,000 – £3,500 | High-Capacity Medical Refrigerator |
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Check EligibilityMedicine fridges 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. Remote monitoring subscriptions and calibration checks are ongoing costs invoiced separately and sit outside the finance agreement.
Medicine fridges are bought by every registered pharmacy, since cold-chain storage for vaccines and temperature-sensitive medicines is a basic requirement of dispensing, alongside GP surgeries, care homes and hospital wards. Most pharmacies finance a fridge as part of a wider equipment purchase, such as a dispensary refit, rather than in isolation, since a single fridge is a relatively modest cost on its own. Replacement is usually driven by a fridge failing a routine calibration check or temperature log audit, or by a pharmacy adding data logging and remote alerting to an older fridge that lacks it, rather than the unit reaching a fixed age. The used market for pharmacy fridges is limited, since most pharmacies prefer a fridge with a full warranty and current calibration certificate for a piece of equipment tied directly to medicine safety.
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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