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Reach Truck Finance

Spread the cost of reach trucks from £18,000 to £32,000+ with flexible finance options. HP, lease, or refinance – compare rates from 40+ lenders.

Can you finance a reach truck?

Yes, reach trucks 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 £18,000 to £32,000, and most deals are written over 24–60 months with a deposit of around 10–20%. Decisions typically take 24 hours. Used machines are financeable too, usually with a shorter term.

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Typical Cost

£18k – £32k

Approval Speed

24 hours

Same-day for < £30k

Rates From

4.9% APR

What would a reach truck cost per month?

£25,000
10%
60 months
9%
£0

Your estimate

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

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

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Finance options

Hire Purchase (HP)

Rate
From 5.3% APR
Term
24–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Warehouse operators wanting to own the reach truck outright

Finance Lease

Rate
From 4.9% APR
Term
24–60 months
Deposit
None required
Ownership
Return, refinance the balloon, or buy at the end
Best for
Tax-efficient way to fund racking-compatible equipment matched to your warehouse

Contract Hire

Rate
From 5.6% APR
Term
24–48 months
Deposit
None required
Ownership
Return at the end
Best for
Businesses wanting servicing and battery maintenance bundled into one agreement

Representative example

On a purchase price of £25,000: a 10% deposit of £2,500, then 48 monthly payments of £527 at 5.9% APR representative (fixed). Total amount payable £27,796, 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
Toyota BT Reflex Reach Truck £22,000 – £30,000 Narrow Aisle Reach Truck
Linde R-Series Reach Truck £24,000 – £32,000 Narrow Aisle Reach Truck
Jungheinrich ETV Reach Truck £23,000 – £31,000 Narrow Aisle Reach Truck
Crown ESR Reach Truck £18,000 – £29,000 Reach Truck

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Tax benefits

Reach trucks 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. VAT on hire purchase is generally due upfront and reclaimed on your next return if you're VAT-registered; on finance lease or contract hire it's charged on the rentals instead, which can suit warehouses adding several trucks at once as part of a wider fit-out.

Market context

Reach trucks are bought by warehouse and distribution centre operators to work narrow-aisle racking, reaching pallets at height that a counterbalance forklift can't access in the same footprint. Because a reach truck needs to match the specific mast height and aisle width of the racking it's used with, buyers usually choose a model and specification carefully at the point of a warehouse fit-out or racking change, rather than buying off the shelf. Battery type and charging arrangements (opportunity charging versus a dedicated charging bay) are a practical factor in both purchase and ongoing running costs.

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 reach truck?
Yes. Most lenders will finance a used reach truck up to around 8 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 reach truck 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 reach truck 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 reach truck finance approved?
Straightforward applications for a reach truck under £30k are commonly approved within 24 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 reach truck 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.
Does the reach truck need to match my racking before I can get finance?
The lender doesn't need to know your racking specification to approve finance, that's a decision between you and the equipment supplier, but it's worth confirming the mast height, aisle width, and attachment fit before ordering, since a reach truck bought on the wrong specification for your warehouse is an expensive mistake to correct once financed. Most suppliers will survey your racking as part of the sales process.

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