Top 10 UK Lenders Offering £750,000 HGV Finance in 2026
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Top 10 Lenders for £750,000 HGV Finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Transport firms seeking low monthly rates on fleet expansion | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Haulage businesses wanting transparent annual-rate HGV funding | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Established logistics operators funding high-value HGV acquisitions | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Transport businesses comparing annual-rate asset finance up to £5 million | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Fleet operators needing rapid decisions on single or multiple HGVs | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Larger transport firms wanting a mainstream bank-backed HGV facility | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-sized haulage companies funding commercial vehicles from £15,000 | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | PEAC Solutions | Annual-rate HGV finance for operators comparing specialist asset lenders | Not published | interest 7% to 14.5% annually |
| 9 | Aldermore Asset finance | Haulage firms needing flexible HGV finance from a well-known UK lender | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established transport companies seeking bespoke rates on large HGV fleets | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets you spread the cost of a heavy goods vehicle over its working life instead of paying the full purchase price upfront. The lender buys the HGV and you repay in fixed instalments, with the vehicle itself serving as security. This structure suits transport and logistics businesses because it preserves working capital and aligns repayments with revenue from the asset. Whether expanding a fleet or replacing ageing trucks, £750,000 HGV finance can cover multiple vehicles or a single high-spec unit.
Comparing HGV finance lenders goes beyond the headline rate. Transport businesses should check whether the lender understands commercial vehicle assets, including residual values and typical working lifespans. Rate type matters — monthly and annual interest are not directly comparable, so always review the total cost over the full term. Deposit requirements vary widely, and some lenders offer seasonal or deferred payment structures that suit haulage cash flow. Finally, confirm the lender can accommodate £750,000 across single or multiple assets without splitting the facility.
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 structures asset finance at monthly rates starting from 0.99%, which keeps repayment costs tight on fleet purchases. Same-day decisions and 24-hour funding help transport businesses secure heavy goods vehicles without drawn-out underwriting. The catch is that facilities require suitable asset security and may involve legal or valuation costs.
Best next step: Compare HGV finance rates from Reward Funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rates from 0.99% on asset finance
- Same-day lending decisions for fleet buyers
- Funding up to £5 million available
Need to know
- Requires suitable asset security for approval
- Legal and valuation costs may apply
- Monthly rate structure, not annual pricing
Expert take
A secured asset lender geared towards larger, lower-risk facilities. Transport businesses borrowing £750,000 for HGVs gain competitive monthly pricing and fast decisions when asset quality and business profile meet the lender's security requirements.
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 turns around HGV finance applications inside 24 hours, which matters when fleet purchases cannot wait. The lender covers vehicle finance from £10,000 to £2 million, making it a practical option for single units or multi-vehicle deals. Annual rates range from 11% to 16%, so cost clarity comes at a slight premium.
Best next step: Check Liberty Leasing HGV finance eligibility
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding from £10,000 to £2 million
- 24-hour turnaround on finance decisions
- Annual rate pricing for clear cost planning
Need to know
- Annual rates between 11% and 16% apply
- Asset security and valuation may be required
- Deposits may be needed depending on profile
Expert take
A straightforward asset finance provider that prioritises speed. For transport operators financing £750,000 of HGVs, quick decisions and clear annual pricing come as standard, with rates reflecting the convenience of a fast turnaround.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard has capacity up to £5 million for heavy goods vehicle finance, turning around decisions in as little as 24 hours. The lender is a long-standing name in UK asset finance, with monthly rates ranging from 4% to 11.5%. Borrowers should expect thorough asset eligibility checks as part of the underwriting process.
Best next step: Explore Lombard HGV finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Up to £5 million asset finance capacity
- Decisions funded within 24 hours
- Established lender with transport experience
Need to know
- Monthly rates between 4% and 11.5%
- Asset eligibility checks are thorough
- Deposits or valuations may be required
Expert take
A heavyweight in UK asset finance with the balance-sheet depth to handle large fleet transactions. Transport businesses financing £750,000 of HGVs gain the reassurance of an established lender alongside fast turnaround, with underwriting thoroughness to match its institutional standing.
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 combines asset finance with invoice funding under one roof, which suits transport operators who need both HGV funding and working capital against unpaid customer invoices. Decisions come within 24 hours and facilities reach £5 million. Annual rates from 5.5% to 13.5% apply, and funding limits can be reviewed or adjusted over time.
Best next step: See Time Finance HGV and working capital options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset and invoice finance from one lender
- Facilities up to £5 million available
- 24-hour decision turnaround
Need to know
- Annual rates from 5.5% to 13.5%
- Limits subject to review and adjustment
- Invoice debtor concentration may affect terms
Expert take
A dual-capability lender suited to transport firms needing vehicle finance alongside invoice-backed working capital. For businesses borrowing £750,000 against HGVs, the combination eases cash-flow pressure by funding day-to-day operations alongside the vehicle purchase.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing can approve and fund HGV finance within four hours, making it one of the quickest routes to securing fleet vehicles when timing matters. Annual rates fall between 5.5% and 13.5%. The lender typically expects strong trading history and affordability evidence, and secured facilities may carry legal or valuation costs.
Best next step: Check Admiral leasing's 4-hour HGV funding
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding decisions in as little as 4 hours
- Annual rates from 5.5% to 13.5%
- Finance available from £1,000 upwards
Need to know
- Strong trading history usually expected
- Affordability evidence may be required
- Legal and valuation costs can apply
Expert take
A speed-focused funder with a four-hour turnaround that suits transport operators needing rapid vehicle purchases. Those borrowing £750,000 for HGVs gain market-leading pace, with underwriting that scrutinises trading history and affordability more closely than slower competitors.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays funds heavy goods vehicle purchases through asset finance from £1,000 to £25 million, giving transport businesses a mainstream banking route to fleet investment. Annual rates range from 8.5% to 14.9%. Bank underwriting is typically more thorough than alternative lenders, and a strong trading record plus personal guarantees may be expected.
Best next step: View Barclays HGV asset finance details
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Mainstream bank with transport sector reach
- Funding from £1,000 to £25 million
- Annual rate pricing for straightforward comparison
Need to know
- Bank underwriting can be slower and stricter
- Personal guarantees may be required
- Strong trading history is typically needed
Expert take
A high-street bank with deep asset finance capability and the balance sheet to fund large fleet transactions comfortably. Transport businesses borrowing £750,000 for HGVs gain brand stability and broad product access, with underwriting that demands the patience and paperwork expected of a major institution.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Acorn Business Finance funds asset purchases from £15,000 to £5 million, covering both single HGVs and multi-vehicle fleet deals. Annual rates run between 8% and 15%, with decisions typically delivered within 24 hours. The lender brings a specialist approach across several finance types, though underwriting can be thorough and personal guarantees may be sought.
Best next step: Explore Acorn Business Finance HGV options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding from £15,000 to £5 million
- Specialist asset finance and acquisition support
- 24-hour decision turnaround
Need to know
- Annual rates between 8% and 15%
- Personal guarantees may be required
- Thorough underwriting process likely
Expert take
A multi-product asset finance house with range to handle varied transport funding needs. For a £750,000 HGV purchase, specialist deal structuring is available, with pricing and underwriting demands that reflect a thorough approach to risk.
PEAC Solutions
Published loan rangeNot published
Rate typeinterest 7% to 14.5% annually
Overview: PEAC Solutions is a dedicated asset finance provider, structuring funding around the vehicles themselves rather than broader business metrics. Annual rates range from 7% to 14.5% and funding decisions typically land within 24 hours. The lender keeps its focus narrow, which can simplify HGV finance discussions, though published loan limits are not publicly stated.
Best next step: Check PEAC Solutions HGV finance rates
More info
Company stats
Rates and debtor rules
Benefits
- Dedicated asset finance specialist
- Annual rates from 7% to 14.5%
- 24-hour funding turnaround typical
Need to know
- Published loan range not publicly stated
- Asset valuations and deposits may apply
- Funding is tied to specific vehicle assets
Expert take
A pure-play asset finance provider with no distractions from its core product. Transport operators financing £750,000 of HGVs find a straightforward, asset-backed proposition where terms are discussed directly rather than published upfront.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset finance covers HGV purchases from £1,000 to £10 million, with annual rates between 5% and 15%. Funding decisions take around 48 hours, which is slightly slower than some competitors but still practical for planned fleet acquisitions. The lender has a broad SME appetite and confirmed pricing transparency across its asset finance book.
Best next step: Review Aldermore HGV asset finance terms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding from £1,000 to £10 million
- Annual rates from 5% to 15%
- Broad SME appetite for asset finance
Need to know
- Funding decisions take around 48 hours
- Asset security and valuation checks apply
- Product fit needs confirming for HGV deals
Expert take
A broad-spectrum SME funder with competitive annual rate bands and a wide lending range. Transport businesses seeking £750,000 of HGV finance will find Aldermore accommodating. The 48-hour turnaround suits planned fleet acquisitions rather than last-minute purchases.
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 brings decades of transport finance experience, favouring established operators with turnover above £500,000. Facilities run from £25,000 to £100 million at bespoke monthly rates between 3.5% and 10%, with decisions in 24 hours. The focus on stronger credits can mean smoother underwriting for well-qualified fleet buyers.
Best next step: Check Close Brothers HGV finance for transport firms
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decades of transport sector experience
- Funding from £25,000 to £100 million
- 24-hour decisions on HGV finance
Need to know
- Typically requires £500k+ turnover
- Bespoke monthly rates from 3.5% to 10%
- Geared to established mid-market businesses
Expert take
A transport-specialist lender with deep sector knowledge and the balance sheet to fund substantial fleet investments. For established operators borrowing £750,000 for HGVs, sector-aware underwriting and competitive bespoke pricing are standard expectations.
Asset Finance Calculator
How asset finance works for £750,000 HGV purchases
When you finance a heavy goods vehicle through asset finance, the lender pays the supplier directly and you repay the cost plus interest over an agreed term. The HGV itself serves as security, which typically means better rates than unsecured borrowing.
For a £750,000 HGV, most lenders ask for a deposit. Reward Funding publishes a maximum loan-to-value of 85%, meaning a deposit of around £112,500. Aldermore Asset Finance stands out by offering up to 100% LTV, which can reduce upfront cash outlay. Close Brothers caps LTV at 90%.
The facility can cover new or used vehicles, and most lenders on this list accommodate amounts well above £750,000. Barclays publishes a maximum of £25,000,000, and Close Brothers extends to £100,000,000. Repayments are typically fixed, helping transport businesses plan cash flow. Terms generally range from one to seven years across the panel.
Lease vs hire purchase for transport businesses financing HGVs
Transport operators financing a £750,000 HGV typically choose between a finance lease and hire purchase. Both spread the cost, but they differ on ownership, tax treatment and balance sheet impact.
With hire purchase, you own the vehicle after making all payments plus an option-to-purchase fee. The HGV appears on your balance sheet and you can claim capital allowances on the full cost. This suits businesses that want outright ownership and long-term asset value.
With a finance lease, the lender retains ownership and you rent the vehicle for an agreed period. Lease payments are usually fully deductible as an operating expense. At the end, you can return the HGV, extend the lease or sell the vehicle as the lender's agent and retain a share of the sale proceeds. For growing fleets, leasing can preserve cash and keep balance sheet ratios healthy. Several lenders on this list, including Lombard and Close Brothers, offer both structures.
Typical rates and terms for £750,000 HGV finance
Rates for HGV finance vary by lender, vehicle age, deposit size and your business profile. Among lenders quoting annual rates, Aldermore publishes from 5% per year, Time Finance and Admiral Leasing both publish from 5.5% annually, and Liberty Leasing quotes from 11% annually. Barclays and Acorn Business Finance sit in mid-range bands at 8.5% and 8% annually respectively.
Some lenders quote monthly rates instead. Reward Funding publishes rates from 0.99% to 3% per month. Close Brothers publishes bespoke rates from 3.5% to 10% per month, while Lombard quotes 4% to 11.5% per month.
For a £750,000 facility, most lenders accommodate the amount comfortably. Reward Funding, Lombard and Acorn Business Finance all publish maximums of £5,000,000. Barclays extends to £25,000,000 and Aldermore to £10,000,000. Close Brothers reaches £100,000,000, making it suitable for larger fleet expansions.
What transport businesses should check before securing HGV finance
Before applying for £750,000 HGV finance, check each lender's eligibility against your trading position. Most lenders on this list require a personal guarantee from directors. Reward Funding, Liberty Leasing, Time Finance, Aldermore and Close Brothers all explicitly state this requirement.
Business age rules vary. Aldermore accepts applications from businesses trading for six months, while Lombard and Close Brothers require at least one year. Turnover thresholds also differ. Lombard requires a minimum of £25,000, which most established hauliers meet. Close Brothers sets a higher bar at £500,000.
Consider whether you need 100% funding. Aldermore publishes up to 100% LTV, potentially eliminating the deposit on a £750,000 vehicle. Other lenders require a contribution, so factor this into fleet budgeting. Also check whether the lender understands transport assets. Specialist providers often grasp HGV residual values and fleet replacement cycles better than general business lenders.
