HGV Finance Calculator

The UK HGV finance market is served by a network of specialist commercial vehicle lenders including Close Brothers, Shawbrook Business Credit, Aldermore, Lloyds Commercial Finance, and a range of independent asset finance houses. These lenders understand the cyclical residual values of tractor units, rigids, and trailers, something that generic bank lenders often do not, which means they can offer higher loan-to-value ratios and longer terms without excessive security requirements. For hauliers, this translates directly into lower monthly payments and better cashflow management across a replacement cycle.

Specialist HGV lenders typically look for three core things when assessing an application: a valid operator's licence (or confirmation that one is being obtained), evidence of ongoing haulage contracts or trading revenue, and at least 12 months of trading history. Clean credit significantly improves the rate offered, but adverse credit, including CCJs and defaults, does not automatically disqualify a haulier from finance. Several lenders on our panel specialise in commercial vehicle funding for operators with impaired credit, often at higher rates but with structuring flexibility that high street lenders cannot match.

Sorbus Finance structures block fleet HGV finance for operators from single-unit owner-drivers to multi-depot haulage companies. For larger fleets, a revolving fleet facility allows you to add new units, settle early on older vehicles, and manage your fleet composition without raising individual applications each time. Our advisers work with your transport manager or finance team to model the right term and deposit structure, ensuring your fleet finance integrates cleanly with HMRC capital allowance rules and your existing accounting arrangements.