Top 10 Lenders to Secure £150,000 HGV Finance in 2026
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Top £150,000 HGV finance lenders compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Haulage firms funding premium HGVs with values from £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Transport operators preferring annual interest rates on HGV finance | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established logistics companies expanding mid-to-large HGV fleets | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Logistics businesses seeking flexible repayment structures for HGVs | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Smaller owner-operators needing fast decisions on single HGVs | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Haulage firms wanting asset finance from a familiar high-street bank | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-market transport companies upgrading lorries and trailers | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Armada Asset Finance | Owner-operators financing individual HGVs up to £250,000 | £2,000 to £250,000 | interest 5% to 13% annually |
| 9 | Aldermore Asset finance | Newer haulage businesses and transport startups building initial fleets | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Large freight operators with substantial turnover financing major fleet purchases | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets your haulage business acquire a heavy goods vehicle without paying the full purchase price upfront. A lender buys the HGV and you repay the cost in fixed instalments over an agreed term, with the vehicle itself acting as security. This structure works well for transport and logistics companies because it preserves working capital while putting a revenue-generating asset on the road quickly. For a £150,000 HGV purchase, asset finance keeps cash free for fuel, driver wages and fleet maintenance.
Comparing HGV finance lenders goes beyond the headline interest rate. Deposit requirements for heavy goods vehicles often range between 10 and 30 per cent, which directly affects your upfront outlay. Repayment terms typically span 24 to 60 months, and the length you choose shapes your monthly commitment. Some funders offer balloon payments to reduce regular instalments, a useful feature for seasonal haulage work. Lender experience with the transport sector matters too, as specialist funders understand HGV residuals and operator licensing requirements better than generalist providers.
Important note:
Funding Agent
Published loan rangeFrom £10,000 to up to £1,000,000
Rate typeInterest from 6.8% annually
Why it is included:It is included because many business owners need to compare several finance routes before choosing where to apply.
Funding Agent can help businesses compare suitable options across a lender panel, especially when eligibility depends on turnover, sector, trading history, credit strength and available documents.
Best use case: When the borrower wants to avoid applying to one lender at a time.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Why it stands out
- Useful when a business wants to compare lender fit rather than guess which lender to apply to first.
- Can help position the application around the funding purpose, trading profile and available documents.
- Works well as a conversion route for readers who are unsure whether a direct lender will approve a larger unsecured facility.
Need to know
- Funding Agent is a broker, not a lender.
- The lender, not Funding Agent, sets the final rate, term, fees and approval decision.
- The best match may be unsecured, secured, revolving credit, invoice finance or another product depending on the case.
Expert take
Funding Agent is a useful honourable mention for business owners who want to compare lender options before submitting a full application. A larger unsecured loan is not always approved by the first lender a business finds, so understanding lender fit early can reduce wasted time and avoid unnecessary declines.
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3% monthly
Overview: Reward Funding writes asset finance from 0.99% monthly interest, helping haulage firms keep repayments manageable when acquiring a £150,000 HGV. Facilities extend to £5,000,000, so growing transport companies can fund additional vehicles through the same lender. Expect tighter pricing for newer assets and stronger trading histories.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Low monthly rates from 0.99%
- Funds HGVs up to £5,000,000
- Supports fleet growth over time
Need to know
- Rates rise with older vehicles
- Requires asset security and valuation
- Legal or valuation costs may apply
Expert take
A flexible asset-based lender that scales with transport businesses. For a £150,000 HGV, the rate band is competitive, particularly where the vehicle is new and the trading record solid.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Liberty Leasing can turn around HGV finance decisions inside 24 hours, which matters when a dealer has a truck ready to go and delay costs money. Facilities cover £10,000 to £2,000,000, and the lender works across most vehicle types common in UK haulage. Annual rates run from 11% to 16%, so cost varies with credit strength.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Same-day decisions possible
- Funds from £10,000 to £2,000,000
- Covers most HGV types
Need to know
- Annual rates from 11% to 16%
- Deposit may be required
- Asset eligibility checks apply
Expert take
A direct-access asset funder built for pace. Transport operators buying a £150,000 HGV benefit from quick underwriting; stronger applicants secure the sharper end of the rate band.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard funds HGVs up to £5,000,000 and has decades of experience underwriting transport assets. For a £150,000 tractor unit or rigid, the lender's familiarity with haulage means fewer hurdles around asset type and a smoother path to approval. Monthly rates span 4% to 11.5%, making the effective cost dependent on proposal strength.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5,000,000 available
- Deep transport sector experience
- Familiar with HGV asset types
Need to know
- Monthly rate structure applies
- Strong proposal needed for best rates
- Asset age affects terms
Expert take
A long-established asset finance name with genuine haulage sector knowledge. Their underwriting team knows transport cash flows, which helps when structuring a £150,000 HGV facility.
Source:https://www.lombard.co.uk/
Time Finance
Published loan rangeUp to £5,000,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Time Finance structures facilities that can blend asset finance with revolving credit, useful for haulage firms that want to fund a £150,000 HGV while keeping working capital flowing between customer payments. Annual rates range from 5.5% to 13.5%, and total facilities can reach £5,000,000 for growing fleets.
Best next step: Generate offers
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Combines asset and working capital
- Annual rates from 5.5%
- Facilities up to £5,000,000
Need to know
- Invoice quality affects terms
- Limits can be reviewed or reduced
- Deposit may be needed on assets
Expert take
A funding partner that bridges asset purchase and cash flow. Transport businesses financing a £150,000 HGV gain the added flexibility of invoice-linked working capital under one roof.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing accepts applications from £1,000 and quotes annual rates between 5.5% and 13.5%, giving haulage firms a cost-certain framework for a £150,000 HGV purchase. A 4-hour decision window means operators can act fast when the right vehicle becomes available, rather than losing out to a quicker buyer.
Best next step: See lender review
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as 4 hours
- Annual rates from 5.5%
- Covers a wide asset range
Need to know
- Strong trading history expected
- Personal guarantee may apply
- Legal or valuation costs possible
Expert take
A responsive equipment funder that prioritises speed. Haulage operators chasing a £150,000 HGV deal benefit from a 4-hour decision window, which helps secure vehicles before competitors move.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings bank-grade asset finance to the haulage sector, with facilities running from £1,000 to £25,000,000. Annual rates between 8.5% and 14.9% reflect mainstream pricing for a £150,000 HGV, though bank underwriting tends to be thorough. Transport firms with clean accounts and established trading records are best positioned for approval.
Best next step: See lender review
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Bank-backed lending security
- Up to £25,000,000 available
- Broad asset type acceptance
Need to know
- Longer underwriting process likely
- Trading history scrutinised closely
- Personal guarantee often required
Expert take
A high-street bank with a substantial asset finance division. Transport businesses with clean accounts and a few years' trading find Barclays competitive for a £150,000 HGV.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance covers a broad spread of asset types, with facilities from £15,000 to £5,000,000 and annual rates between 8% and 15%. For haulage operators, the lender's reach across specialist and mainstream funders can open up options when a £150,000 HGV deal needs structuring around seasonal cash flow patterns.
Best next step: See lender review
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Access to multiple funding lines
- Rates from 8% annually
- Funds up to £5,000,000
Need to know
- Seasonal income may need explaining
- Personal guarantee is common
- Valuations may be required
Expert take
A broker-led funder with access to varied lending panels. Transport firms looking at a £150,000 HGV purchase may find routes that a single-name lender would not have.
Armada Asset Finance
Published loan range£2,000 to £250,000
Rate typeinterest 5% to 13% annually
Overview: Armada Asset Finance keeps its focus tight: asset-backed lending from £2,000 to £250,000 at annual rates of 5% to 13%. The lender's asset-first approach means the vehicle's value carries much of the underwriting weight on a £150,000 HGV, which can help when trading history is shorter but the asset is sound.
Best next step: See lender review
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Rates as low as 5% annually
- Asset value drives decisions
- Quick, focused underwriting
Need to know
- Upper limit is £250,000
- Asset must meet age criteria
- Deposit likely required
Expert take
A focused asset funder that keeps things straightforward. Their model works neatly for a £150,000 HGV, with vehicle valuation doing much of the heavy lifting.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore structures asset finance from £1,000 to £10,000,000 with annual rates between 5% and 15%. Transport businesses funding a £150,000 HGV can access competitive pricing at the lower end of that band, particularly where the business has a clean credit history and the vehicle is new or nearly new.
Best next step: See lender review
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding from £1,000 to £10,000,000
- Annual rates start at 5%
- Established asset finance name
Need to know
- Clean credit needed for best rates
- 48-hour turnaround typical
- Asset age influences terms
Expert take
A mainstream asset finance name with a wide appetite. Haulage firms with solid accounts should find Aldermore responsive on a £150,000 HGV facility.
Source:https://www.aldermore.co.uk/business/business-finance/asset-finance/
Close Brothers
Published loan range£25,000 to £100,000,000
Rate typebespoke 3.5% to 10% monthly
Overview: Close Brothers writes bespoke asset facilities from £25,000 to £100,000,000, with monthly rates running 3.5% to 10%. For established transport firms, a £150,000 HGV can be funded through structured terms that align repayments with fleet utilisation patterns, rather than a one-size-fits-all schedule. Mid-market hauliers with £500,000-plus turnover are the natural fit.
Best next step: See lender review
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Bespoke repayment structures
- Large upper limit available
- Deep transport sector knowledge
Need to know
- Minimum £25,000 facility size
- Bespoke pricing, not standard rates
- £500k turnover typically expected
Expert take
A merchant banking group with deep roots in asset and transport finance. Mid-market haulage operators funding a £150,000 HGV get tailored terms from a lender that understands the sector.
Asset Finance Calculator
How HGV asset finance works for haulage and logistics businesses
Asset finance is the most common way UK haulage firms fund HGVs. Rather than paying the full £150,000 upfront, you spread the cost over an agreed term. The vehicle itself acts as security for the lender.
Two main structures dominate HGV finance. Hire purchase means you own the vehicle at the end of the term after a final balloon payment. A finance lease lets you use the vehicle for a fixed period, with the lender retaining ownership. You hand the vehicle back, extend the lease, or sell it and share the proceeds.
Deposits for HGV finance typically sit between 10% and 30% of the vehicle price. Lenders such as Aldermore Asset Finance can fund up to 100% of the asset value, while Reward Funding caps loan-to-value at 85%. VAT-registered haulage businesses can reclaim the VAT on new HGVs separately, so the finance usually covers the net purchase price.
Repayment terms for £150,000 HGV facilities commonly run from 24 to 60 months. Seasonal haulage firms sometimes negotiate structured payment profiles to match quieter periods.
What transport companies should compare when choosing £150,000 HGV finance
Not all HGV finance products are priced the same way. Some lenders quote monthly rates, while others quote annual rates. Comparing like for like matters when you are funding a £150,000 vehicle.
| Lender | Rate range | Max term |
|---|---|---|
| Reward Funding | 0.99% to 3% per month | 1 year |
| Liberty Leasing | 11% to 16% per year | 5 years |
| Barclays | 8.5% to 14.9% per year | 25 years |
| Aldermore Asset Finance | 5% to 15% per year | 7 years |
Reward Funding publishes rates from 0.99% to 3% per month, while most other lenders on this list quote annual rates. Liberty Leasing sits in the 11% to 16% per year range. Barclays and Aldermore Asset Finance publish similar annual bands, with Aldermore starting at 5% per year.
Term length also varies. Reward Funding caps at one year, suited to short-term HGV funding. Liberty Leasing offers facilities between one and five years. Aldermore Asset Finance extends to seven years, which can reduce monthly outgoings on a £150,000 HGV. Barclays goes further, with terms up to 25 years on asset finance.
Look beyond the headline rate. Factor in any arrangement fees, the deposit required, and whether the lender expects a personal guarantee.
Eligibility criteria haulage businesses face when applying for HGV finance
Lenders assess haulage and logistics applications on trading history, turnover, and asset type. Minimum requirements vary considerably across the market.
Lombard asks for at least one year of trading and £25,000 in annual turnover. Close Brothers sets a higher bar, requiring 12 months of trading and £500,000 in turnover. At the other end, Aldermore Asset Finance accepts businesses from six months of trading with no minimum turnover.
A personal guarantee is standard across most HGV finance providers. Reward Funding, Liberty Leasing, Aldermore Asset Finance, and Close Brothers all require a director's guarantee for asset finance facilities. This means you are personally liable if the business defaults.
Lenders also scrutinise the vehicle itself. The age, mileage, and type of HGV affect the finance offer. Newer vehicles with strong residual values attract better rates. Specialist or heavily modified HGVs can be harder to finance because resale value is less certain.
Your operator licence standing matters too. Lenders may review your OCRS score and compliance history, particularly for larger facilities around £150,000.
Practical steps to strengthen your £150,000 HGV finance application
Haulage businesses can take several steps before applying to improve the terms offered on a £150,000 HGV facility.
Prepare up-to-date management accounts and at least two years of filed accounts if you have them. Lenders want consistent profitability and cash flow that comfortably covers monthly repayments. A clean record on existing vehicle finance helps.
Choose the right vehicle. A mainstream tractor unit or rigid truck from a recognised manufacturer holds value better than a niche import. Most funders also cap the age of the asset at the end of the agreement, so consider how old the HGV will be when the term finishes.
Save for a deposit where possible. While some lenders offer 100% funding, a deposit of 10% to 20% signals commitment and can unlock better rates. Reward Funding operates to an 85% loan-to-value, meaning a 15% deposit on a £150,000 HGV.
Check your business credit file and director credit history before applying. Late payments or CCJs can block an application, particularly with larger high-street lenders.
