Aldermore Bank is a specialist lender with a well-established appetite for commercial vehicles that fall outside the mainstream - older rigids, non-standard bodywork, and businesses with adverse credit history. Where Close Brothers or Novuna may decline, Aldermore is often still willing to lend.
Aldermore Rigid Truck Finance Rates - October 2026
| Finance Type | Indicative APR | Term | Min Deposit |
|---|---|---|---|
| HP - new or nearly new rigid | 5.5–9% | 24–60 months | 10% |
| HP - used rigid (5–10 yrs) | 7–11% | 24–48 months | 15% |
| HP - older rigid (10–15 yrs) | 10–14% | 12–36 months | 20% |
| Finance Lease | 5.5–12% | 24–60 months | N/A |
| Adverse credit (satisfied CCJs) | 10–14% | 12–48 months | 20–30% |
Who Aldermore Will Lend To
- Limited companies, partnerships, and sole traders
- Businesses with 6+ months trading history
- Applicants with satisfied CCJs, defaults, or prior missed payments
- Newer businesses and start-ups (larger deposit usually required)
Vehicle Types Accepted
- Standard rigids: curtainsiders, box trucks, flat beds
- Non-standard bodies: crane-mounted, specialist insulated, tail-lift conversions
- Vehicles up to 15 years old at end of term
- 7.5t through to 32t GVW
Advantages
- Adverse credit considered - satisfied CCJs accepted
- Older vehicles up to 15 years considered
- Non-standard bodywork reviewed individually
- Newer businesses with 6+ months trading eligible
Limitations
- Higher rates than mainstream lenders for clean credit profiles
- Larger deposits required for adverse/older asset combinations
- Undischarged bankruptcies typically declined
- Non-standard assets may require independent valuation