Lendus.

Truck Finance

Spread the cost of trucks from £30,000 to £150,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a truck?

Yes, 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 £150,000, 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.

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Typical Cost

£30k – £150k

Approval Speed

24–48 hours

Same-day for < £75k

Rates From

4.5% APR

What would a truck cost per month?

£75,000
10%
60 months
9%
£0

Your estimate

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

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

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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
Businesses wanting to own the truck 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 your fleet modern with latest emission standards. Off balance sheet.

Representative example

On a purchase price of £75,000: a 10% deposit of £7,500, then 48 monthly payments of £1,582 at 5.9% APR representative (fixed). Total amount payable £83,436, 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
DAF LF 7.5t £45,000 – £70,000 Rigid Truck
Mercedes Actros £85,000 – £130,000 Articulated Truck
Volvo FH £90,000 – £140,000 Articulated Truck
Iveco Eurocargo £40,000 – £65,000 Medium Rigid

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Tax benefits

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 you to claim capital allowances. Lease payments are typically fully deductible as a business expense.

Market context

Trucks, from rigid vehicles to full artics, are bought by haulage companies, distributors and any business running its own heavy transport rather than outsourcing it, spanning a single rigid for a local delivery business to a tractor unit fleet for a national haulier. Finance is the default route because trucks depreciate steadily and represent a major capital outlay, and a lease or hire purchase agreement matched to the vehicle's working life avoids tying up cash a haulage business needs for fuel and drivers. Replacement is driven by mileage, warranty expiry and tightening emissions standards, with operators planning renewals around contract cycles. A deep used truck market keeps residual values predictable.

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 truck?
Yes, used trucks can be financed, supported by a deep used truck market that keeps residual values predictable. Lenders will want to see the vehicle's mileage and remaining warranty, since trucks depreciate steadily and replacement is generally driven by mileage, warranty expiry and tightening emissions standards. A truck bought through an established commercial vehicle dealer with service records is generally easier to finance than a private sale with no history.
What deposit do I need for truck finance?
Hire purchase typically asks for a deposit of around 10 to 20% of the truck'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 truck itself, which suits haulage businesses wanting to avoid tying up cash needed for fuel and drivers. The deposit level also depends on whether the truck is new or used and your business's trading history.
How quickly can I get truck finance approved?
Most 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 rigid vehicle from an established dealer tends to move fastest through approval, while a full artic or bespoke 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 haulage or distribution 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 haulage contracts already secured, since a truck is expected to be earning from day one to support the repayments.
Is VAT charged on 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 truck 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 truck before the agreement ends?
The truck 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 truck as part of a planned renewal cycle it is common to roll any shortfall or surplus into the new agreement.

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