Telehandler Finance

Q: Can I finance a used telehandler?

Yes. Most lenders finance used telehandlers up to 10 years old. An independent valuation is usually required for machines over 5 years old. Rates for used telehandlers are typically 0.5–1% higher than new.

Q: 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 secure a better rate.

Q: How quickly can I get telehandler finance?

Most applications are approved within 24–48 hours. For straightforward deals under £75k, same-day approval is common. Larger or multi-unit orders may take 3–5 working days.

Q: Do I need to have been trading for a minimum period?

Most lenders require 2+ years of trading history. Newer businesses can still access finance but may need a personal guarantee or higher deposit.

Spread the cost of telehandlers from £25,000 to £150,000+ with flexible finance options. HP, lease, or refinance — compare rates from 40+ lenders.

Typical Cost

£25k – £150k

Approval Speed

24–48 hours

Same-day for < £75k

Rates From

From 4.6% APR

Finance options

Hire Purchase (HP)

Rate: From 5.0% APR
Term: 12–72 months
Deposit: 10–20%
Ownership: Yours at the end
Best for: Businesses wanting to own the telehandler outright

Finance Lease

Rate: From 4.6% 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 5.3% APR
Term: 24–60 months
Deposit: None required
Ownership: Return at end
Best for: Always have modern, productive machines. Off balance sheet.

Representative example

Borrow £65,000 over 48 months at 5.9% APR (fixed). Monthly repayment: ~£1,353. Total amount payable: ~£64,944. Rates depend on your circumstances.

Popular models

Model	Price Range	Type
JCB 535-95	£55,000 – £80,000	Construction Telehandler
Manitou MT 1440	£65,000 – £95,000	Construction Telehandler
Merlo P40.17	£70,000 – £100,000	High-Reach Telehandler
JCB 531-70	£45,000 – £65,000	Compact Telehandler

Tax benefits

Telehandlers qualify 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. Lease payments are fully deductible from taxable profits.

Market context

Over 5,000 telehandlers are sold in the UK each year across construction and agricultural sectors. JCB and Manitou dominate UK market share. The average telehandler is replaced every 5–7 years in the UK fleet.

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.

Frequently asked questions

Can I finance a used telehandler?