Lendus.

Plant Hire Finance

Spread the cost of plant hire equipment from £10,000 to £500,000+ with flexible finance options. HP, lease, or refinance — compare rates from 40+ lenders.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Typical Cost

£10k – £500k

Approval Speed

24–48 hours

Same-day for < £75k

Rates From

From 4.5% APR

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Finance options

Hire Purchase (HP)

Rate
From 4.9% APR
Term
12–72 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Plant hire companies wanting to own assets outright

Finance Lease

Rate
From 4.5% APR
Term
12–72 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient — claim 100% of payments against profit

Operating Lease

Rate
From 5.2% APR
Term
24–60 months
Deposit
None required
Ownership
Return at end
Best for
Keep hire fleet current. Off balance sheet.

Representative example

Borrow £75,000 over 48 months at 5.9% APR (fixed). Monthly repayment: ~£1,561. Total amount payable: ~£74,928. Rates depend on your circumstances.

Popular models

Model Price Range Type
JCB 3CX Backhoe £65,000 – £90,000 Backhoe Loader
Kubota U55-4 Mini Excavator £35,000 – £50,000 5.5t Mini Excavator
Wacker Neuson DW60 Dumper £28,000 – £40,000 6t Site Dumper
Bomag BW 177 D-5 Roller £45,000 – £65,000 Vibratory Roller

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Tax benefits

Plant and machinery qualifies for Annual Investment Allowance (AIA), letting you deduct the full purchase cost from taxable profits in year one — up to £1,000,000. HP gives access to capital allowances on owned assets. Lease payments are fully deductible from taxable profits.

Market context

The UK plant hire industry is worth £6.5bn annually and employs over 40,000 people. There are approximately 4,000 plant hire companies in the UK. Average fleet utilisation rates are 65–75%, with the top-performing firms achieving over 80%.

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. Our eligibility check uses a soft search only — no impact on your credit score.

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Frequently asked questions

Can I finance used plant equipment?
Yes. Most lenders finance used plant equipment up to 10 years old. An independent valuation is typically required for machines over 5 years old. Rates for used equipment are typically 0.5–1% higher than new.
What deposit do I need?
For hire purchase, most lenders ask for 10–20% deposit. Finance leases and operating leases often require no deposit. A larger deposit reduces monthly payments and may unlock better rates.
How quickly can I get plant hire finance?
Most applications are approved within 24–48 hours. Straightforward deals under £75k often get same-day approval. Fleet purchases or larger deals may take 3–7 working days.
Can I finance multiple machines at once?
Yes. Many lenders offer fleet finance packages for multiple items. This can often secure better rates than financing individual machines. Lenders look at the total fleet value and your hire revenue to assess affordability.

Guides and resources

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