Top 10 £900,000 Vehicle Finance Lenders for UK Businesses in 2026
.png)
Top 10 UK lenders for £900,000 vehicle finance
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | Reward Funding | Established haulage firms funding multi-vehicle HGV fleet acquisitions | £100,000 to £5,000,000 | interest 0.99% to 3% monthly |
| 2 | Liberty Leasing | Mid-market transport operators seeking fixed annual rate vehicle finance | £10,000 to £2,000,000 | interest 11% to 16% annually |
| 3 | Lombard | Larger fleet operators needing flexible high-value vehicle funding | Up to £5,000,000 | interest 4% to 11.5% monthly |
| 4 | Time Finance | Growing transport businesses with strong trading history and turnover | Up to £5,000,000 | interest 5.5% to 13.5% annually |
| 5 | Admiral leasing | Transport firms considering equipment leasing alongside vehicle finance | From £1,000 | interest 5.5% to 13.5% annually |
| 6 | Barclays | Established transport companies wanting a high-street bank comparison | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 7 | Acorn Business Finance | SME hauliers seeking adviser-led vehicle finance for fleet renewal | £15,000 to £5,000,000 | interest 8% to 15% annually |
| 8 | Propel Finance | Transport operators needing access to a broad panel of funders | From £500 | interest 5% to 20% annually |
| 9 | Aldermore Asset finance | Fleet operators wanting straightforward asset finance with clear terms | £1,000 to £10,000,000 | interest 5% to 15% annually |
| 10 | Close Brothers | Well-established transport companies with strong annual turnover profiles | £25,000 to £100,000,000 | bespoke 3.5% to 10% monthly |
Asset finance lets transport businesses spread the cost of commercial vehicles over a fixed term, using the vehicles themselves as security. For established haulage, logistics and fleet operators, this structure preserves working capital while funding high-value assets such as HGVs, trailers and specialist plant. A £900,000 vehicle finance facility typically supports multi-vehicle fleet expansion, replacement cycles or entry into new transport contracts.
Comparing vehicle finance lenders goes beyond the headline rate. Deposit requirements for high-value transport assets typically range from 10 to 20 per cent, affecting upfront cash flow. Lender appetite for different vehicle types, from standard HGVs to specialist tankers, varies. Established operators should weigh balloon payment flexibility, term options and whether the lender understands seasonal fleet utilisation. APR type, whether fixed or base-rate-linked, can shift total cost across a facility of this size.
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: With facilities reaching £5m, Reward Funding routinely handles six and seven-figure vehicle finance for established fleets. It funds HGVs, trailers and plant machinery through secured agreements tied to the assets themselves. Monthly rates start at 0.99%. The trade-off is a valuation and security process that adds a layer of diligence before drawdown.
Best next step: Check Reward Funding vehicle finance rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £5m for fleet purchases
- Monthly pricing as low as 0.99%
- Decisions typically within 24 hours
Need to know
- Secured against the assets being financed
- Valuation process required before drawdown
- Deposit contribution may be required
Expert take
A secured asset lender comfortable with large ticket sizes. For a £900,000 vehicle finance requirement, Reward Funding matches well when the fleet assets hold strong resale value and the business has a clear trading history.
Source:https://rewardfunding.co.uk/
Liberty Leasing
Published loan range£10,000 to £2,000,000
Rate typeinterest 11% to 16% annually
Overview: Annual rates from 11% to 16% make Liberty Leasing a transparent cost option for fleet funding. It finances commercial vehicles up to £2m, covering single HGVs through to multi-vehicle orders. The vehicle secures the agreement, preserving working capital. Your final rate depends on asset type and business profile, so older or specialist vehicles may price at the upper end.
Best next step: Compare Liberty Leasing annual rates
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Annual rate structure for clear cost comparison
- Funding up to £2m for fleet purchases
- Same-day decisions in most cases
Need to know
- Asset secures the agreement directly
- Rate varies by vehicle age and type
- Deposit may be required on older assets
Expert take
A direct asset finance provider that prices by annual rate rather than monthly factor. For a £900,000 vehicle facility, Liberty suits transport operators who value rate transparency and want a straightforward asset-backed structure without unnecessary complexity.
Lombard
Published loan rangeUp to £5,000,000
Rate typeinterest 4% to 11.5% monthly
Overview: A 24-hour decision window means Lombard moves at the pace transport operators need when fleet opportunities arise. Part of NatWest Group, it funds vehicles and machinery up to £5m through hire purchase and finance lease structures. Monthly rates range from 4% to 11.5%, shaped by asset quality and business standing. Expect bank-grade underwriting, which can mean more paperwork than alternative lenders.
Best next step: Explore Lombard asset finance options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Backed by NatWest Group stability
- Flexible hire purchase and lease options
- Funding facilities up to £5m
Need to know
- Bank-grade underwriting means fuller paperwork
- Monthly rate structure applies to agreements
- Strong trading history typically expected
Expert take
A bank-backed asset funder with deep balance sheet capacity. For hauliers and logistics firms needing £900,000 in vehicle finance, Lombard brings institutional stability and fleet experience, particularly suited to businesses that can meet full financial disclosure requirements.
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 blends asset and invoice finance, giving transport firms flexibility across fleet funding and working capital. Annual rates range from 5.5% to 13.5%, with facilities reaching £5m. Operators can fund vehicle purchases while also drawing against unpaid invoices under a single relationship. The blended structure means your borrowing mix shifts as debtor books and asset values change.
Best next step: See Time Finance vehicle funding options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Asset and invoice finance under one roof
- Annual rates from 5.5% for stronger cases
- Facilities reach up to £5m
Need to know
- Invoice book strength affects overall facility terms
- Asset-backed portion tied to vehicle value
- Active management needed as debtor books shift
Expert take
A combined asset and invoice finance provider suited to hauliers with strong debtor books. For £900,000 in vehicle finance, Time Finance works best when fleet assets and reliable customer invoices together strengthen the credit picture.
Source:https://www.timefinance.com/
Admiral leasing
Published loan rangeFrom £1,000
Rate typeinterest 5.5% to 13.5% annually
Overview: A leasing-first structure sets Admiral apart for transport operators who prioritise vehicle usage over ownership. Annual rates from 5.5% to 13.5% scale from small equipment to larger commercial vehicles. Four-hour decisions keep momentum on fleet deals. The leasing-only approach limits options for operators who prefer eventual asset ownership.
Best next step: Check Admiral Leasing rates for fleet
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Decisions in as little as four hours
- Annual rate pricing for clear comparisons
- Leasing structure suits regular fleet renewal
Need to know
- Leasing means funder retains asset ownership
- Product range narrower than larger lenders
- Rate tier depends on asset and business profile
Expert take
A fast-moving equipment lessor built for quick turnaround. For haulage firms seeking £900,000 in vehicle finance, Admiral suits operators prioritising speed of approval and who are comfortable with a leasing structure where the funder retains asset ownership.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Barclays brings high-street banking infrastructure to vehicle finance, funding from £1,000 to £25m. Annual rates between 8.5% and 14.9% reflect mainstream bank pricing for secured lending. For transport operators already banking with Barclays, the relationship can streamline underwriting. Standalone applicants should expect full financial disclosure and a longer diligence process than alternative funders.
Best next step: Explore Barclays vehicle finance
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Funding capacity up to £25m
- Streamlined process for existing Barclays customers
- Annual rate pricing for cost clarity
Need to know
- Full financial disclosure required for underwriting
- Bank process slower than alternative lenders
- Strong trading history typically expected
Expert take
A high-street bank with enormous balance sheet capacity for asset-backed lending. For established transport businesses with clean accounts, Barclays suits £900,000 vehicle finance where institutional stability matters and thorough credit assessment is expected.
Acorn Business Finance
Published loan range£15,000 to £5,000,000
Rate typeinterest 8% to 15% annually
Overview: Multi-product capability sets Acorn apart for transport operators who may need more than standalone vehicle finance. Annual rates from 8% to 15% apply across facilities reaching £5m. Acorn structures asset finance, term loans and revolving credit, adapting to how the fleet operates. The product breadth can mean a more detailed initial assessment.
Best next step: View Acorn asset finance options
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Multiple product types beyond asset finance
- Annual rates from 8% for stronger cases
- Facilities scale up to £5m
Need to know
- Wider product range means fuller assessment process
- Rate tier linked to asset and credit profile
- Specialist transport knowledge may vary by case
Expert take
A multi-product finance house rather than a pure asset funder. For transport businesses needing £900,000 in vehicle finance, Acorn suits operators who may also want term loans or revolving credit alongside the core asset facility.
Propel Finance
Published loan rangeFrom £500
Rate typeinterest 5% to 20% annually
Overview: Propel Finance writes from £500 upwards, accommodating light commercial vehicles through to heavy fleet purchases. Annual rates span 5% to 20%, the spread reflecting appetite for mixed asset ages and credit profiles. Decisions take two to five days. Your final rate depends on asset type, age and trading history.
Best next step: Check Propel Finance fleet rates
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Broad appetite for mixed asset ages
- Funding from £500 to large fleet purchases
- Annual rate structure for clear comparison
Need to know
- Rate spread of 5% to 20% depends on asset profile
- Two to five days for funding decisions
- Older vehicles likely price at higher rates
Expert take
A volume asset funder with a broad risk appetite. For transport operators needing £900,000 in vehicle finance, Propel suits businesses with mixed fleets where asset ages vary and the operator needs flexibility on asset eligibility.
Aldermore Asset finance
Published loan range£1,000 to £10,000,000
Rate typeinterest 5% to 15% annually
Overview: A £10m facility ceiling gives Aldermore ample capacity for fleet operators planning multi-vehicle orders. Annual rates from 5% to 15% reward stronger credit profiles with keener pricing. The 48-hour turnaround balances thorough asset checks with reasonable funding pace. Mixed fleets are assessed on an asset-by-asset basis.
Best next step: Explore Aldermore vehicle finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Facilities up to £10m for large fleet orders
- Annual rates from 5% for strong applications
- Two-day turnaround with proper asset checks
Need to know
- 48 hours for funding decisions
- Rate tier depends on asset and business profile
- Mixed asset fleets assessed on individual basis
Expert take
A mid-market asset funder with capacity up to £10m. For transport businesses needing £900,000 in vehicle finance, Aldermore suits operators who want a balanced approach between funding speed and thorough underwriting, particularly for mixed fleets.
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 targets transport, manufacturing and construction firms with turnover above £500,000, making it a natural fit for established hauliers. Bespoke monthly rates from 3.5% to 10% reflect tailored pricing, with facilities stretching to £100m. Decisions land within 24 hours. The turnover threshold means smaller operators are unlikely to qualify.
Best next step: Check Close Brothers transport finance
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Deep transport sector expertise built in
- Bespoke pricing rewards strong credit profiles
- Facilities reach up to £100m
Need to know
- Minimum £500,000 turnover typically required
- Bespoke monthly rate structure applies
- Mid-market focus means smaller fleets excluded
Expert take
A specialist mid-market funder with deep transport sector experience. For established hauliers needing £900,000 in vehicle finance, Close Brothers brings sector-specific underwriting and bespoke pricing that rewards strong trading history and asset quality.
Asset Finance Calculator
How asset finance works for £900,000 fleet purchases
A £900,000 vehicle finance facility typically uses hire purchase or finance lease structures. With hire purchase, your transport business owns the asset after the final payment. With a finance lease, the lender retains ownership and you pay fixed monthly rentals, which can offer tax advantages for fleet operators.
Most lenders cap the advance at a percentage of the asset value. Reward Funding offers up to 85% loan to value, meaning a deposit of around 15% or £135,000 on a £900,000 facility. Aldermore Asset finance and Propel Finance both publish up to 100% LTV on certain deals, though this depends on asset type and credit strength.
For transport businesses acquiring HGVs, trailers or commercial vehicle fleets, the asset itself acts as security. This keeps the facility asset-backed rather than requiring additional property collateral. Lenders will typically want to see vehicle specifications, supplier quotes and intended use case as part of the proposal. Repayment terms can be structured around the expected working life of the vehicles, with most lenders offering terms between one and seven years.
Deposit requirements and VAT on high-value commercial vehicle finance
Deposits on £900,000 commercial vehicle finance typically range from 10% to 20% of the asset purchase price. A transport business should expect to put down between £90,000 and £180,000, though the exact figure depends on the lender and the strength of the application.
VAT treatment is an important consideration on high-value fleet purchases. Commercial vehicles are generally VAT-qualifying assets, meaning you can reclaim the VAT on the purchase price if your business is VAT registered. The finance facility usually covers the VAT-exclusive amount, with the deposit and any initial rental covering the VAT element. This can affect how much upfront capital you need to commit.
Some lenders structure the VAT deferral differently. A broker can help you understand whether the lender funds the net or gross value and how this impacts cash flow at the start of the agreement. Close Brothers publishes up to 90% LTV, while Aldermore Asset finance and Propel Finance both indicate up to 100% LTV on qualifying deals. A higher LTV reduces the deposit burden but may reflect a stronger credit profile or asset type.
What transport businesses need for a £900,000 vehicle finance application
Lenders assessing a £900,000 vehicle finance application will want to see a well-established trading history. Close Brothers asks for a minimum of one year and £500,000 in turnover. Lombard also requires at least 12 months of trading with £25,000 minimum turnover, though at this facility size most lenders expect figures well above the minimum thresholds.
You should prepare the last two to three years of filed accounts or management accounts, bank statements covering at least six months, and full details of the vehicles you intend to purchase. Supplier invoices, vehicle specification sheets and intended routes or contracts help demonstrate the commercial purpose of the fleet.
Most lenders on this list require a personal guarantee from directors. Reward Funding, Liberty Leasing, Time Finance, Aldermore Asset finance and Close Brothers all confirm this in their published criteria. A personal guarantee means directors accept personal liability if the business defaults. For transport operators, lenders may also want to see operator licences, maintenance records and evidence of existing fleet utilisation to demonstrate the business can service repayments from ongoing operations.
Comparing rates and terms on £900,000 vehicle finance facilities
The cost of a £900,000 vehicle finance facility varies significantly across the market. Monthly rates tend to apply to shorter-term or higher-risk facilities, while annual rates are more common on term agreements.
| Lender | Published rate range | Maximum term |
|---|---|---|
| Reward Funding | 0.99% – 3% per month | 1 year |
| Close Brothers | 3.5% – 10% per month | 7 years |
| Liberty Leasing | 11% – 16% per year | 5 years |
| Aldermore Asset finance | 5% – 15% per year | 7 years |
| Barclays | 8.5% – 14.9% per year | 25 years |
Among annual-rate lenders, Liberty Leasing quotes 11% to 16% per year over terms of one to five years. Aldermore Asset finance publishes 5% to 15% per year with terms up to seven years. Barclays offers 8.5% to 14.9% per year and can stretch terms to 25 years for well-qualified transport businesses. The total cost difference between a facility at 5% per year and one at 16% per year is substantial on a £900,000 balance. A broker can help you compare offers across the market and identify which lenders are most likely to approve your specific vehicle finance proposal.
