Top £800,000 HGV Finance Lenders in the UK for 2026
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Top £800,000 HGV Finance Providers Compared
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established haulage firms financing premium HGVs over £100,000 | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-sized fleets needing rapid funding on mixed-age HGVs | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Well-established hauliers seeking high-street HGV finance | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing logistics firms funding premium tractor units and trailers | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Hauliers needing fast decisions on smaller HGV leases | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Large fleets seeking bank-backed HGV asset finance | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | Mid-market transport firms funding specialist commercial vehicles | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | PEAC Solutions | Included for comparison for transport operators exploring options | Not published | interest 7% to 14.5% annually |
| 9 | Aldermore Asset finance | Newer haulage businesses needing accessible HGV finance | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Large, well-capitalised logistics operators seeking bespoke HGV funding | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets a transport business spread the cost of a heavy goods vehicle over time rather than paying the full purchase price upfront. The lender buys the HGV and you repay in fixed instalments, with the vehicle itself acting as security. This suits haulage and logistics operators because it preserves working capital and aligns repayments with revenue. A facility around £800,000 can fund a premium tractor unit and trailer or several smaller rigids.
Comparing HGV finance lenders means looking beyond the headline rate. Deposit requirements matter because they affect your upfront cash outlay. Vehicle age restrictions vary between funders, with some capping the age of HGVs they will finance. Repayment structures should match your cash flow cycle, whether monthly, quarterly, or seasonal. Lenders also differ on whether they finance trailers, ancillary equipment, or soft costs like delivery and fitting. Your trading history can influence which funder offers the most competitive terms.
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: For transport operators buying multiple HGVs or a single high-spec unit, Reward Funding structures asset finance from £100,000 to £5,000,000. Decisions come within 24 hours, and monthly rates start at 0.99%. The lender ties funding directly to the vehicle, so you will need a deposit and the asset must pass its eligibility checks.
Best next step: Check eligibility for HGV asset finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fast 24-hour funding decisions
- Facility sizes up to £5 million
- Revolving credit for fleet expansion
Need to know
- Asset must meet eligibility checks
- Deposit required on HGV purchases
- Rates from 0.99% monthly
Expert take
A flexible asset-based lender comfortable with structured facilities. For an £800,000 HGV purchase, their upper-limit headroom and revolving credit option give growing haulage firms room to add vehicles without reapplying.
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 decisions within 24 hours, which matters when a vehicle deal is time-sensitive. The lender funds from £10,000 to £2,000,000 across new and used assets. Annual rates run from 11% to 16%. Expect a deposit and standard asset eligibility checks before completion.
Best next step: Apply for fast HGV finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Decisions within 24 hours
- Funds new and used HGVs
- Loans from £10,000 to £2 million
Need to know
- Annual rates from 11% to 16%
- Deposit typically required
- Asset eligibility checks apply
Expert take
A responsive asset finance provider that moves quickly on vehicle deals. For an £800,000 HGV, their speed suits operators who need to secure a truck before it goes to another buyer.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: Lombard has deep experience funding vehicle fleets for UK transport businesses, with asset finance facilities reaching £5,000,000. Decisions come within 24 hours and monthly rates sit between 4% and 11.5%. As a long-established name in commercial vehicle funding, they understand HGV lifecycles and residual values. Expect a deposit and standard asset checks.
Best next step: Explore HGV finance with Lombard
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Transport-sector experience
- Funding up to £5 million
- 24-hour decision turnaround
Need to know
- Monthly rates 4% to 11.5%
- Deposit required before drawdown
- Asset must pass valuation
Expert take
A household name in asset finance with genuine transport-sector heritage. Haulage firms funding an £800,000 HGV benefit from a lender who understands vehicle depreciation and will not question the asset class.
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 brings together asset finance and invoice finance under one roof, which can help haulage firms match HGV repayments to customer payment cycles. Facilities reach £5,000,000 with annual rates from 5.5% to 13.5%. Turnaround sits at 24 hours. The dual-product approach means you could fund the truck and unlock cash tied up in unpaid invoices simultaneously.
Best next step: Combine HGV and invoice finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset and invoice finance combined
- Up to £5 million facility size
- 24-hour funding decisions
Need to know
- Annual rates 5.5% to 13.5%
- Invoice quality affects terms
- Deposit and valuation required
Expert take
A combined asset and invoice finance house suited to hauliers managing uneven cash flow. An £800,000 HGV purchase paired with invoice funding can smooth repayments while customer payments clear.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: Admiral leasing delivers HGV finance decisions in as little as four hours, among the fastest turnaround times available. That speed matters when a vehicle deal cannot wait. Annual rates run from 5.5% to 13.5%. Expect deposit and asset eligibility checks on larger transactions.
Best next step: Get a 4-hour HGV finance decision
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as 4 hours
- Annual rates from 5.5%
- Quick turnaround for vehicle deals
Need to know
- Deposit likely on larger deals
- Asset eligibility checks apply
- Rates vary by credit profile
Expert take
A fast-moving equipment lessor built for time-sensitive deals. For an £800,000 HGV, the four-hour decision window gives operators an edge when negotiating on forecourts or at auction.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays funds HGV purchases from £1,000 to £25,000,000 through its asset finance arm, suiting transport operators who value banking relationship stability. Annual rates range from 8.5% to 14.9% with 24-hour decision timelines. Bank underwriting tends to be more thorough, so prepare for detailed affordability and trading history checks. A deposit and asset valuation will apply.
Best next step: Apply for Barclays HGV finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Bank-backed lending stability
- Funding up to £25 million
- 24-hour initial decisions
Need to know
- Annual rates 8.5% to 14.9%
- Stricter underwriting than alternatives
- Trading history will be reviewed
Expert take
A high-street bank with asset finance reach up to £25 million and rigorous underwriting standards. An £800,000 HGV passes their size threshold easily, making them viable for well-established transport firms with clean trading records.
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 £5,000,000, giving transport operators room to finance anything from a single rigid truck to a small fleet. Annual rates run from 8% to 15% with 24-hour decision turnaround. The lender also covers revolving credit and acquisition finance, which can support broader fleet growth strategies. Expect deposit and valuation requirements.
Best next step: Explore Acorn HGV finance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding from £15K to £5 million
- Revolving credit options available
- Acquisition finance also offered
Need to know
- Annual rates 8% to 15%
- Deposit and valuation required
- Credit history affects terms
Expert take
A broad-spectrum finance house covering asset, revolving, and acquisition funding. Hauliers financing an £800,000 HGV can also tap wider facilities if fleet expansion is on the horizon.
PEAC Solutions
Published loan rangeNot published
Rate typeinterest 7% to 14.5% annually
Overview: PEAC Solutions keeps HGV asset finance straightforward, with annual rates from 7% to 14.5% and 24-hour decisions. The lender ties funding directly to the vehicle, preserving working capital for fuel, maintenance, and driver costs. As a specialist asset finance provider, the application process centres on the vehicle and your ability to service repayments. Expect standard deposit and valuation checks.
Best next step: Check PEAC Solutions HGV rates
More info
Company stats
Rates and debtor rules
Benefits
- Annual rates from 7%
- Simple asset-backed structure
- 24-hour decision timeline
Need to know
- Deposit and valuation required
- Rates depend on credit score
- Asset eligibility checks apply
Expert take
A focused asset finance provider with a clean product structure. For an £800,000 HGV, the rate band starting at 7% annually is competitive for businesses with strong credit profiles.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: Aldermore Asset finance covers a wide spectrum, funding from £1,000 to £10,000,000 with annual rates between 5% and 15%. Turnaround takes around 48 hours, slightly longer than some competitors but practical for planned HGV purchases. The broad range suits operators adding an £800,000 tractor unit or building a mixed fleet over time. Deposit and valuation checks apply.
Best next step: Apply for Aldermore HGV funding
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding from £1K to £10 million
- Annual rates from 5%
- Suitable for mixed fleet funding
Need to know
- 48-hour turnaround
- Deposit and valuation required
- Rates rise with credit risk
Expert take
A well-capitalised asset funder with a wide lending band. For an £800,000 HGV, the sub-48-hour timeline and rates starting at 5% annually offer a cost-effective route for well-qualified transport operators.
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 focuses on established mid-market businesses, funding asset purchases from £25,000 to £100,000,000 with a particular strength in transport, manufacturing, and construction. Bespoke monthly rates range from 3.5% to 10% and decisions come within 24 hours. Deep sector knowledge and an underwriting team that understands haulage business models set them apart. Deposit and asset valuation checks apply.
Best next step: Explore Close Brothers HGV finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Transport-sector expertise
- Funding up to £100 million
- Bespoke pricing from 3.5% monthly
Need to know
- Mid-market focus
- Monthly rates 3.5% to 10%
- Deposit and valuation required
Expert take
A mid-market specialist with genuine transport-sector credibility. An £800,000 HGV deal lands squarely in their sweet spot, and the bespoke pricing structure rewards operators with strong financials.
Asset Finance Calculator
What deposit do you need for £800,000 HGV finance?
When financing heavy goods vehicles at this level, the deposit is driven by the lender's maximum loan-to-value ratio. For an £800,000 facility, even small percentage differences matter.
Aldermore Asset Finance can fund up to 100% LTV, which may mean no upfront deposit, though full-advance deals are usually reserved for strong applicants. Close Brothers publishes a maximum LTV of 90%, so a transport operator would need to contribute at least £80,000 from their own funds. Reward Funding caps LTV at 85%, which works out to a £120,000 deposit on an £800,000 purchase.
In practice, many funders prefer to see a deposit of 10% to 20% for high-value HGV deals. A larger upfront contribution often helps secure a lower rate and improves the chances of approval. Transport operators should also budget for arrangement fees, which are common on asset finance facilities of this size and are separate from the deposit itself.
HGV age limits and vehicle type rules for £800,000 finance
Most asset finance lenders impose age limits on HGVs accepted as security, particularly at the £800,000 level. New or nearly new vehicles attract the best terms. Used HGVs are still financeable, but funders will typically cap the vehicle age at seven to ten years by the end of the agreement. This means a five-year-old tractor unit on a five-year finance term would usually be acceptable, while a twelve-year-old rigid would not.
The type of HGV also matters. Standard tractor units, rigid lorries, tippers, and refrigerated trailers are widely accepted. Specialist vehicles such as tankers, waste collection units, or bespoke-bodied HGVs may face closer scrutiny because their resale value is harder to assess. Lenders value the asset as security, so vehicles with strong auction performance and a broad secondary market are preferred. If you are financing a mixed fleet, expect the lender to assess each unit individually rather than applying a blanket approval.
Lease versus hire purchase for transport operators
Transport operators funding an £800,000 HGV purchase need to decide between a finance lease and hire purchase. The choice affects cash flow, tax treatment, and vehicle ownership.
Under hire purchase, the operator owns the vehicle at the end of the term after paying all instalments plus any option-to-purchase fee. The asset sits on the balance sheet, and capital allowances can be claimed. A finance lease keeps the vehicle off the balance sheet. The lender retains ownership, and the operator pays fixed monthly rentals. At the end of the primary lease term, the vehicle is usually sold to a third party, with the operator receiving a share of the sale proceeds.
VAT treatment also differs. HP spreads the VAT over the term, while a lease requires VAT on each rental payment, which can help cash flow if you are VAT-registered and able to reclaim it. For £800,000 transactions, operators should discuss both structures with their accountant.
How transport operators can prepare a strong HGV finance application
A well-prepared application speeds up approval for an £800,000 HGV finance facility. Lenders will want to see at least one year of filed accounts, though Aldermore Asset Finance may consider businesses trading from six months. Turnover expectations vary. Lombard publishes a minimum turnover of £25,000, while Close Brothers looks for at least £500,000 in annual revenue. Most funders will also require a personal guarantee from directors.
Prepare a clear business case showing how the new HGV will generate revenue. Include current contracts, client letters of intent, or haulage rate confirmations. If you hold an Operator's Licence, include it; lenders view this as a sign of a compliant, well-run transport business. Bank statements showing consistent cash flow help demonstrate affordability. If the HGV replaces an older vehicle, show maintenance cost savings or fuel efficiency gains. Check your credit file before applying. A clean credit history gives you the strongest negotiating position.
