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Order Picker Finance

Spread the cost of a warehouse order picker from £8,000 to £35,000 with flexible finance options. HP, lease, or contract hire, compare rates from 40+ lenders.

Can you finance a order picker?

Yes, order pickers 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 £8,000 to £35,000, and most deals are written over 12–60 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
FCA-regulated brokers

Typical Cost

£8k – £35k

Approval Speed

24–48 hours

Same-day for single units

Rates From

6.0% APR

What would a order picker cost per month?

£18,000
10%
60 months
9%
£0

Your estimate

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

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

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Finance options

Hire Purchase (HP)

Rate
From 6.5% APR
Term
12–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Warehouses wanting to own the truck outright

Finance Lease

Rate
From 6.0% APR
Term
12–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim 100% of payments against profit

Contract Hire

Rate
From 7.0% APR
Term
24–60 months
Deposit
None required
Ownership
Return at end
Best for
Fixed monthly cost with servicing and breakdown cover included

Representative example

On a purchase price of £18,000: a 10% deposit of £1,800, then 48 monthly payments of £380 at 5.9% APR representative (fixed). Total amount payable £20,040, 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
Jungheinrich EKS Series £12,000 – £20,000 Low-Level Order Picker
Toyota BT Optio Series £16,000 – £26,000 Medium-Level Order Picker
Linde V-Series Vertical Order Picker £22,000 – £32,000 High-Level Order Picker
Crown Order Picker Range £20,000 – £30,000 High-Level Order Picker

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Tax benefits

Order pickers qualify for the Annual Investment Allowance (AIA), letting you deduct the full purchase cost from taxable profits in the year of purchase. Hire purchase lets you claim capital allowances as you own the asset from day one. Finance lease and contract hire payments are treated as a revenue expense and are usually fully deductible against profits, which is one reason many warehouses use contract hire for trucks that come with a bundled maintenance package.

Market context

Order pickers are bought and hired by distribution centres, e-commerce fulfilment operations, wholesalers and manufacturers building pick faces above ground level. Many operators choose contract hire rather than outright purchase because it bundles routine servicing and breakdown cover into one fixed monthly cost, a genuinely different product from hire purchase, and one that suits sites that can't afford a truck being off the road unexpectedly. Battery choice is a live decision at the point of purchase: lead-acid batteries cost less upfront but need a dedicated changing area and downtime to swap and charge, while lithium-ion trucks cost more to buy but opportunity-charge through breaks and take up less floor space, so the right choice depends on shift pattern and site layout. Replacement is generally driven by hours run and the rising cost of maintaining an ageing mast and hydraulics rather than by age alone, and there is a reasonably deep used market for popular low and medium-level models.

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

What's the difference between hire purchase and contract hire for an order picker?
Hire purchase is a way of buying the truck over time. You pay a deposit and monthly instalments and own it outright at the end, with servicing and repairs your responsibility unless you arrange a separate maintenance contract. Contract hire is a rental agreement where you never own the truck, and the monthly payment typically bundles servicing, tyres and breakdown cover into one fixed cost, so there's no separate repair bill to budget for. Warehouses that want a predictable running cost and don't want to manage maintenance in-house often prefer contract hire, while those planning to keep a truck for its full working life tend to choose hire purchase instead.
Should I choose lead-acid or lithium-ion for a financed order picker?
Lead-acid batteries are cheaper to buy but need a dedicated charging bay, take several hours to charge fully, and usually require a battery change for multi-shift use, which adds handling equipment and floor space to the overall cost. Lithium-ion trucks cost more upfront but can opportunity-charge during breaks, never need a battery swap, and take up less warehouse space, which often suits busier or multi-shift sites better across the finance term. Because lithium adds to the purchase price, it's worth discussing with your finance provider whether the higher monthly payment is offset by not needing a second battery and charger.
Can I finance a used order picker?
Yes, most lenders finance used order pickers up to around eight years old, and rates are typically slightly higher than for new equipment. An inspection or engineer's report may be requested for older trucks, particularly if the mast, forks or lift mechanism show heavy wear, since these are the parts most likely to need expensive repair.
What deposit do I need for an order picker?
For hire purchase, most lenders ask for a deposit of 10 to 20 percent of the truck's price. Finance lease and contract hire agreements typically require no deposit at all, which keeps more cash available for stock or premises costs. Putting down a larger deposit than the minimum reduces your monthly payment and can help secure a better rate, though many warehouses prefer to keep the deposit low and preserve working capital instead, particularly when the truck is being added to an existing fleet rather than replacing one already paid off.
How quickly can order picker finance be approved?
Most applications for a single order picker are approved within 24 to 48 hours where the business has a clean credit history and the supplier's quote is ready to review. Multi-unit fleet orders, or trucks bundled with racking or conveyor equipment on the same agreement, can take three to five working days because the lender needs to review the full specification and how it fits the site.

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