← Commercial Finance Answers

HGVs & specialist trucks

Can I finance a used truck or HGV?

Potentially. Used HGV funding depends on the vehicle, age, mileage, value, supplier and expected useful life alongside the business credit proposal.

The practical answer

Potentially. Used HGV funding depends on the vehicle, age, mileage, value, supplier and expected useful life alongside the business credit proposal.

Provide the registration, specification, mileage, service history, seller and purchase price. For specialist bodywork, identify the chassis and fitted equipment separately.

A valuation or inspection may be required. Give the lender the seller’s payment deadline before committing to a deposit.

Important

Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.

What should I do next?

Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.

Read: Truck & HGV finance →