Current Rates - October 2026
| Term | Representative APR | Monthly cost (£120k asset) | Deposit required | Decision speed |
|---|---|---|---|---|
| 2 years | 5.5% | ~£5,400/mo | 0–20% | 24–48h |
| 3 years | 5.5–14 | ~~£3,980/mo | 0–20% | 24–48h |
| 5 years | 5.5–14 | ~£2,350/mo | 10–20% | 24–48h |
| 7 years | Up to 14 | ~£1,920/mo | 10–30% | 24–48h |
Representative examples only based on a £120,000 HGV/artic. Minimum facility £10,000. Actual rate depends on credit profile, asset age, deposit and operator history.
How Aldermore Compares in the HGV Finance Market
Aldermore is an active participant in the UK HGV and artic finance market. Underwriting decisions are based on a combination of credit profile, operator history, vehicle type and asset age. Presenting your application through a specialist broker ensures the strongest possible case is made to the lender's credit team.
Strengths
- Flexible underwriting for adverse credit - CCJs and defaults considered
- Used and older HGV fleets actively financed
- New businesses and early-stage hauliers considered with deposit
- Finance Lease and HP available across all HGV types
Limitations
- Higher rates at the prime end - established operators with clean credit may find Lombard or Close Brothers cheaper
- Decision process more manual - slower than digital-first lenders for straightforward cases
- Minimum documentation requirements more demanding than some specialist lenders