Tipper Truck Finance

Q: Can I finance a used tipper truck?

Yes, used tipper trucks can be financed, supported by a deep used market, particularly bodies remounted onto newer chassis, which keeps residual values strong. Lenders will want to see the vehicle's mileage and the condition of the body and chassis under constant heavy loading, since this and tightening emissions standards are the main things that drive replacement. A vehicle bought through an established commercial vehicle dealer with service records is generally easier to finance than a private sale.

Q: What deposit do I need?

Hire purchase typically asks for a deposit of around 10 to 20% of the vehicle's cost, with the balance spread over the agreed term and ownership passing to you at the end. A finance lease or operating lease usually needs no deposit, since the lender's security is the vehicle itself, which suits contractors wanting repayments matched to the contracts the tipper is servicing rather than a large upfront outlay. The deposit level also depends on whether the vehicle is new or used and your business's trading history.

Q: How quickly can I get tipper truck finance?

Most tipper truck finance is approved within 24 to 48 hours once the lender has your application, the vehicle or dealer quote, and basic company details such as recent accounts or bank statements. A used vehicle from an established dealer tends to move fastest through approval, while a bespoke new body specification can take slightly longer as the lender reviews the full quote. Having your paperwork ready before applying is the main thing that keeps the process quick.

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

Most lenders prefer at least 12 to 24 months of trading history and filed accounts, but newer groundworks, demolition or haulage businesses can still get finance, usually with a larger deposit, a personal guarantee from a director, or a shorter term to offset the shorter track record. Lenders will also look at any contracts already secured, since a tipper is expected to be earning from day one to support the repayments.

Q: Is VAT charged on tipper truck finance in the same way as an outright purchase?

If your business is VAT registered, VAT is generally charged in a similar way to an outright purchase, though when it falls due depends on the finance structure. Hire purchase treats the vehicle as a purchase from the outset, so VAT is typically due upfront and usually reclaimable on your next return, while a finance lease charges VAT on each rental payment as it falls due instead. It is worth confirming the exact treatment with your accountant before choosing between the two structures.

Q: What happens if I sell or part-exchange the tipper before the agreement ends?

The vehicle remains the lender's security until the agreement is settled, so it cannot be sold or part-exchanged without first clearing the outstanding balance, usually done from the sale or part-exchange proceeds. Most lenders will provide a settlement figure on request, and if you are upgrading to a newer tipper it is common to roll any shortfall or surplus into the new agreement. It is worth asking your broker about early settlement costs before committing to a longer term.

Spread the cost of tipper trucks from £30,000 to £120,000+ with flexible finance options. HP, lease, or refinance

Can you finance a tipper truck?

Yes, tipper 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 £30,000 to £120,000, and most deals are written over 12–72 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

Typical Cost

£30k – £120k

Approval Speed

24–48 hours

Same-day for < £75k

Rates From

4.6% APR

What would a tipper truck cost per month?

Tipper Truck price (ex VAT) £55,000

Deposit 10%

Agreement term 60 months

Annual interest rate 9%

Balloon payment £0

Your estimate

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

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

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 tipper 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: Ideal for project-based work. Off balance sheet.

Representative example

On a purchase price of £55,000: a 10% deposit of £5,500, then 48 monthly payments of £1,160 at 5.9% APR representative (fixed). Total amount payable £61,180, including the deposit. The rate you are offered depends on your business and the asset.

Machine or specification	Guide price	Type
DAF LF Tipper 7.5t	£45,000 – £65,000	Rigid Tipper
Mercedes Arocs Tipper	£75,000 – £110,000	8-Wheeler Tipper
Isuzu Grafter Tipper	£30,000 – £45,000	3.5t Tipper
Volvo FMX Tipper	£85,000 – £120,000	Heavy Tipper

Tax benefits

Tipper trucks 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 agreements allow capital allowances claims. Lease rentals are fully deductible as a business expense.

Bad credit?

Some specialist lenders consider businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options may be available. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender.

Frequently asked questions

Can I finance a used tipper truck?

Yes, used tipper trucks can be financed, supported by a deep used market, particularly bodies remounted onto newer chassis, which keeps residual values strong. Lenders will want to see the vehicle's mileage and the condition of the body and chassis under constant heavy loading, since this and tightening emissions standards are the main things that drive replacement. A vehicle bought through an established commercial vehicle dealer with service records is generally easier to finance than a private sale.

What deposit do I need?

Hire purchase typically asks for a deposit of around 10 to 20% of the vehicle's cost, with the balance spread over the agreed term and ownership passing to you at the end. A finance lease or operating lease usually needs no deposit, since the lender's security is the vehicle itself, which suits contractors wanting repayments matched to the contracts the tipper is servicing rather than a large upfront outlay. The deposit level also depends on whether the vehicle is new or used and your business's trading history.

How quickly can I get tipper truck finance?

Most tipper truck finance is approved within 24 to 48 hours once the lender has your application, the vehicle or dealer quote, and basic company details such as recent accounts or bank statements. A used vehicle from an established dealer tends to move fastest through approval, while a bespoke new body specification can take slightly longer as the lender reviews the full quote. Having your paperwork ready before applying is the main thing that keeps the process quick.

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

Most lenders prefer at least 12 to 24 months of trading history and filed accounts, but newer groundworks, demolition or haulage businesses can still get finance, usually with a larger deposit, a personal guarantee from a director, or a shorter term to offset the shorter track record. Lenders will also look at any contracts already secured, since a tipper is expected to be earning from day one to support the repayments.

Is VAT charged on tipper truck finance in the same way as an outright purchase?

If your business is VAT registered, VAT is generally charged in a similar way to an outright purchase, though when it falls due depends on the finance structure. Hire purchase treats the vehicle as a purchase from the outset, so VAT is typically due upfront and usually reclaimable on your next return, while a finance lease charges VAT on each rental payment as it falls due instead. It is worth confirming the exact treatment with your accountant before choosing between the two structures.

What happens if I sell or part-exchange the tipper before the agreement ends?

The vehicle remains the lender's security until the agreement is settled, so it cannot be sold or part-exchanged without first clearing the outstanding balance, usually done from the sale or part-exchange proceeds. Most lenders will provide a settlement figure on request, and if you are upgrading to a newer tipper it is common to roll any shortfall or surplus into the new agreement. It is worth asking your broker about early settlement costs before committing to a longer term.

More vehicles finance

See how lenders treat vehicles assets

Tow Tractor finance Track Machine finance Trailer finance Truck finance Van finance Aircraft Tug finance Ambulance finance Box Van finance Cage Tipper finance Car Transporter finance Coach finance Commercial Vehicle finance

Guides and resources

What Is Asset Finance? HP vs Leasing Operating vs Finance Lease Best Asset Finance Companies Close Brothers Review Lombard Review

Ready to finance your tipper truck?

Explore business funding options through Fundably.

Check Eligibility →

For UK limited companies with at least 3 months’ trading and monthly revenue.