Specialist
Truck Finance and Leasing
For buying and refinancing trucks for commercial use
For buying and refinancing trucks for commercial use
High quality truck finance and leasing solutions for UK & international clients.
We can deliver enhanced, bespoke or exclusive terms through our market knowledge.
Call us on 0203 900 4322 to discuss your requirements.
Trucks serve as the backbone of industry and commerce, providing essential transport solutions for businesses across the UK. From construction sites to long-haul deliveries, the versatility of trucks makes them indispensable in various sectors.
This guide is designed to give you a comprehensive overview of the financial aspects of truck finance and leasing, ensuring that your business has the resources it needs to thrive. Here’s what you can expect from this guide:
Choosing the right finance or lease agreement for your truck is essential for maintaining operational efficiency and meeting the demands of your industry. Let’s ensure your fleet is ready to roll out.
In the UK, truck financing and leasing options provide businesses with the flexibility to manage their fleets effectively. Whether you’re looking to expand your operations or upgrade your vehicles, understanding the financial routes available is key. Here’s an overview of the most common financing methods for trucks, and commercial vehicles:
When selecting a financing or leasing option, it’s crucial to align your choice with your business’s specific needs and financial situation. Each method offers distinct advantages and considerations that can impact your operational efficiency and long-term planning.
In the dynamic landscape of UK industries, trucks of various types and models play a pivotal role. They are not just vehicles but critical assets that drive the economy forward. Below is a curated selection of popular truck models available for finance in the UK, reflecting the diverse applications they serve across different sectors:
| Vehicle Type | Model | Approximate Price Range in UK |
|---|---|---|
| General Haulage Trucks | Volvo FH | £85,000 - £140,000 |
| Construction Trucks | MAN TGS | £75,000 - £130,000 |
| Long Haul Trucks | Scania R-Series | £90,000 - £150,000 |
| Distribution Trucks | DAF CF | £60,000 - £110,000 |
| Refrigerated Trucks | Mercedes-Benz Actros | £80,000 - £140,000 |
| Flatbed Trucks | Iveco Stralis | £70,000 - £120,000 |
Please note that these prices are indicative and can vary based on the vehicle’s condition, mileage, features, and current market trends. It’s recommended to consult with dealers or financial services for the most accurate and detailed pricing information.
Trucks like the Volvo FH and Scania R-Series are renowned for their reliability and efficiency, making them ideal for long-haul operations. The MAN TGS and DAF CF are versatile workhorses suited for construction and distribution roles, respectively. For temperature-sensitive cargo, the Mercedes-Benz Actros provides state-of-the-art refrigerated transport solutions, while the Iveco Stralis is a robust choice for flatbed transport needs.
When exploring financing options for trucks, it's a good idea to consider the total cost of ownership, which includes maintenance, insurance, and any necessary modifications for specific applications.
Navigating the tax landscape for truck finance and leasing in the UK is crucial for the fiscal health of your business. Here’s a guide to understanding how different finance options can influence your tax situation:
It’s important to note that specific tax and regulatory exemptions exist for certain types of commercial vehicles. For example, vehicles used primarily for agricultural or construction purposes may have different tax treatments, such as eligibility for red diesel or exemptions from certain tests. However, standard commercial vehicles used across various industries typically do not qualify for these specialised exemptions and are taxed accordingly.
Maintaining and insuring a truck in the UK is an integral part of managing your fleet’s finances. The type of finance or lease agreement you choose will determine who is responsible for these aspects.
Understanding these financial responsibilities is key when choosing the best finance or lease option for your truck. It’s important to align your choice with your business’s operational needs and financial planning. Consulting with a finance specialist, such as us at Clifton Private Finance, can provide you with bespoke advice to navigate these decisions effectively.
As your asset finance term for a truck approaches its end in the UK, you’ll be presented with a set of strategic choices:
Finding the best deal for truck finance can be challenging. Especially if you are not familiar with the different options, terms, and conditions. That’s why using a finance broker can help you get the best deal and the most suitable option for your purchase. At Clifton Private Finance, we can help you:
At Clifton Private Finance, we are a leading finance broker in the UK, and we specialise in commericial vehicle finance. We have access to multiple asset finance lenders, and we always compare the best options to offer you bespoke finance solutions that suit your needs and budget. We can also help you with any type of commericial vehicle - from minivans to gritter trucks, and specialised vehicles depending on the business.
If you want to buy a truck on finance, contact us today and speak to one of our expert advisers. We will be happy to answer any questions you may have, and provide you with a free, no-obligation quote. We look forward to hearing from you soon.
Call us today to discuss your requirements on 0203 900 4322
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
