This page consolidates the best rigid truck finance rates available to UK businesses in October 2026, across hire purchase and finance lease. Rates are indicative - the rate you are offered will depend on your credit profile, the age and weight class of the vehicle, and your deposit.
Best Rigid Truck HP Rates - October 2026
| Lender | Best APR | Best For | Vehicle Age |
|---|---|---|---|
| Lombard / NatWest | From 4.0% | Established operators, fleet (>£25k) | New–5 years |
| PACCAR Financial (DAF) | From 3.9% | New DAF LF/CF, dealer-sourced | New/ex-demo |
| Volvo Financial Services | From 4.0% | New Volvo FL/FE/FMX | New/ex-demo |
| Close Brothers | From 4.5% | Sole traders, mixed credit, standard rigids | Up to 10 years |
| Novuna Business Finance | From 4.5% | New/nearly new, digital decisions | Up to 7 years |
| Aldermore | From 5.5% | Adverse credit, older rigids, non-standard bodies | Up to 15 years |
| Haydock Finance | From 6.0% | Sole traders, older rigids, challenging credit | Up to 15 years |
Rate Factors That Move Your Offer
- Credit profile: Clean credit can reduce your rate by 3–6 percentage points versus adverse credit.
- Vehicle age: Rates rise as vehicles age - a 10-year-old rigid attracts a higher rate than a new one, all else equal.
- GVW: 7.5t rigids are often assessed like LCVs. Above 18t, lenders apply heavier-vehicle criteria.
- Deposit: A 20%+ deposit versus 10% can reduce your rate by 1–2 percentage points with some lenders.
- Term: Shorter terms (24–36 months) can attract better rates than 60-month deals for some lenders.
- Business structure: Limited companies with filed accounts typically access lower rates than sole traders.
October 2026 Market Conditions
UK base rate is currently 4.5%, having stabilised over the past two quarters. Asset finance rates for commercial vehicles have compressed slightly compared to H1 2025, with prime lenders actively competing for quality haulage and logistics accounts. Specialist lender rates remain elevated for adverse credit cases, reflecting higher funding costs.