Lendus.

Refrigerated Vehicle Finance

Spread the cost of refrigerated vehicles from £25,000 to £120,000+ 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

£25k – £120k

Approval Speed

24–48 hours

Same-day for < £50k

Rates From

From 4.8% APR

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Finance options

Hire Purchase (HP)

Rate
From 5.2% APR
Term
12–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Businesses wanting to own the vehicle outright

Finance Lease

Rate
From 4.8% APR
Term
12–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient — claim 100% of payments against profit

Operating Lease

Rate
From 5.5% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
Keep your cold chain fleet up to date. Off balance sheet.

Representative example

Borrow £55,000 over 48 months at 5.9% APR (fixed). Monthly repayment: ~£1,144. Total amount payable: ~£54,912. Rates depend on your circumstances.

Popular models

Model Price Range Type
Mercedes Sprinter Fridge Van £40,000 – £60,000 Large Fridge Van
Ford Transit Custom Fridge £32,000 – £48,000 Medium Fridge Van
DAF LF Refrigerated 7.5t £55,000 – £85,000 Refrigerated Rigid
Peugeot Boxer Fridge Van £28,000 – £42,000 Medium Fridge Van

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Tax benefits

Refrigerated vehicles qualify for Annual Investment Allowance (AIA), letting you deduct the full purchase cost from taxable profits in year one — up to £1,000,000. The refrigeration unit and vehicle can both be claimed. Lease payments are fully deductible as a business expense.

Market context

The UK cold chain logistics market is worth £15bn annually. Demand for refrigerated vehicles has grown 11% since 2022, driven by online grocery delivery. Over 90,000 refrigerated vehicles are registered on UK roads.

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 a used refrigerated vehicle?
Yes. Most lenders finance used refrigerated vehicles up to 7 years old. The refrigeration unit's condition is assessed alongside the vehicle. Rates for used vehicles 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 improve your interest rate.
How quickly can I get refrigerated vehicle finance?
Most applications are approved within 24–48 hours. Straightforward deals under £50k often receive same-day approval. Larger fleet orders may take 3–5 working days.
Can I finance the refrigeration unit separately?
Yes. If you already own the base vehicle, most lenders can finance the refrigeration conversion separately. This is common when upgrading existing fleet vehicles for temperature-controlled use.

Guides and resources

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