Asset Finance for Transport & Logistics
A modern HGV costs £80k-£150k. A fleet renewal can run into millions. Asset finance lets transport operators invest in their fleet without the cash flow impact of outright purchase, while benefiting from the latest fuel-efficient and compliant vehicles.
Transport-specialist lenders understand operator licensing requirements, ULEZ/CAZ compliance timelines, and the residual value of commercial vehicles. They offer structures tailored to haulage — including balloon payments, seasonal profiles, and fleet agreements covering multiple vehicles.
Key Benefits
- Renew your fleet to meet ULEZ and Clean Air Zone requirements
- Fixed monthly costs per vehicle for contract pricing accuracy
- Fleet agreements covering multiple vehicles under one facility
- Balloon payment options to reduce monthly cost during operation
Frequently Asked Questions
Can I finance used trucks?
Yes. Both new and used commercial vehicles are financed. For used vehicles, lenders consider the age, mileage, and remaining useful life. Most will finance vehicles up to 10-12 years old at the end of the term.
Are trailers included?
Trailers, refrigeration units, and specialist bodywork can all be financed. They can be bundled with the tractor unit or financed separately. Trailers often have longer useful lives and can be financed over extended terms.
What about electric or alternative fuel vehicles?
Electric HGVs and hydrogen vehicles are eligible. Some lenders offer preferential rates for zero-emission vehicles, and government grants (Plug-in Truck Grant) can reduce the amount you need to finance.
Do I need an operator's licence first?
Yes, for vehicles over 3.5 tonnes you need a valid Operator's Licence. Lenders will verify this before completing the finance. The licence must cover the number of vehicles including the new acquisition.
Related Funding Options
Asset Finance UK
Spread the cost of business equipment, machinery, and vehicles. Hire purchase, finance lease, and operating lease options for UK businesses.
Commercial Vehicle Finance for Transport
Finance HGVs, vans, and fleet vehicles for UK transport and logistics businesses. Hire purchase, lease, and fleet agreements.
Invoice Finance for Transport & Logistics
Release cash from haulage and logistics invoices to cover fuel, wages, and vehicle costs. Invoice finance for UK transport companies.
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Learn About Our Broker NetworkCoreFi is a trading name of JG Core Ltd (Company #16218779, England & Wales). CoreFi acts as a commercial finance broker and does not provide regulated financial advice. All products described are unregulated business-to-business finance. Information on this page is for general guidance only and does not constitute a formal offer of finance. Terms, rates, and availability are subject to lender criteria and may change without notice.