Tipper, HGV & Van Finance for Construction
By Joshua Giles, Founder and Director · Reviewed by the CoreFi credit team
Last updated 20 July 2026
CoreFi is a broker, not a lender. We do not set rates and lenders make all credit decisions.
In short: £15k - £2M (fleet) over 2 - 7 years. Construction vehicle finance works differently from a standard van loan.
Construction vehicle finance works differently from a standard van loan. The chassis-cab and the specialist body (a tipper body, a grab kit, a dropside frame) are quoted separately by the coachbuilder, but most lenders will advance on the combined package. That matters because the body can represent 30-50% of the total cost on a heavy tipper, and you do not want to fund it from working capital while the finance only covers the base vehicle.
Hire purchase is the most common structure here. You take ownership at the end of the term, which lets you claim capital allowances on the vehicle, including any Annual Investment Allowance available in the year of purchase. Balloon payments are common on longer terms; they reduce the monthly outlay but leave a lump sum due at the end, so you need a plan for that, whether a refinance, a trade-in, or cash.
Lender appetite for construction vehicles is not uniform. Some mainstream banks are cautious about plant-adjacent kit because they find it hard to value at repossession. The lenders we place with for this sector are familiar with tipper chassis valuations and with the O-licence requirements that come with anything over 3.5 tonnes. If your licence does not cover the additional axle weight the new vehicle adds, the lender will want evidence it does before they pay out.
Key Benefits
- Specialist bodywork financed with the chassis-cab in one agreement, so you are not splitting the cost across two facilities
- Hire purchase lets you claim capital allowances on the full vehicle cost, including the body conversion
- A structured balloon payment can cut monthly outgoings on a heavy tipper; we will show you the flat and balloon options so you can make the call
- The lenders we place with understand O-licence requirements & sector asset values, so underwriting does not stall over questions the broker cannot answer
Frequently Asked Questions
Can I finance tippers & specialist bodies?
Yes, and it is worth doing as one package. Tippers, flatbeds, grab loaders, dropsides and other construction bodywork can be financed bundled with the chassis-cab. The lender advances against the combined cost, which is cleaner than funding the conversion separately.
What about site-only vehicles?
Dumpers, site dumpers and off-road plant that never go on public roads sit outside commercial vehicle finance. They come under asset finance instead, and different lenders tend to lead on that. If you are financing a mixed fleet of road vehicles and site plant, we structure each piece under the right product.
Do I need an Operator's Licence before applying?
For any vehicle over 3.5 tonnes used commercially on public roads, yes. The lender will check your O-licence covers the additional vehicle before they release funds. If you are adding a new axle configuration you have not operated before, sort the licence variation first.
Can I include telematics & tracking equipment?
Some lenders will include telematics, dash cameras and tracking hardware in the financed amount alongside the vehicle. It is not universal, but we can confirm which lenders on the panel will accommodate it for a construction vehicle deal.
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Get matched with lendersCoreFi 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.