Novuna Business Finance (formerly Hitachi Capital) is a major mainstream asset finance lender with a digital-first approach and competitive rates on new and nearly new commercial vehicles. They are well suited to established logistics operators seeking efficient, cost-effective funding for modern rigid trucks.
Novuna Rigid Truck Finance Rates - October 2026
| Finance Type | Indicative APR | Term | Min Deposit |
|---|---|---|---|
| HP - new rigid (clean credit) | 4.5–7% | 24–60 months | 10% |
| HP - nearly new rigid (1–3 yrs) | 6–9.5% | 24–48 months | 10% |
| HP - used rigid (3–7 yrs) | 8–12.5% | 24–48 months | 15% |
| Finance Lease - new | 4.5–8% | 24–60 months | N/A |
| Contract Hire | POA | 24–60 months | N/A |
Novuna's Ideal Borrower Profile
- Limited company or sole trader with 2+ years trading
- Clean credit history - no CCJs or defaults
- Purchasing new or nearly new rigid trucks
- Asset value £20,000 and above
Key Features
- Same-day digital credit decisions on qualifying applications
- Competitive rates on new rigid trucks
- Straightforward documentation requirements for established businesses
- Finance Lease and Contract Hire available alongside HP
Advantages
- Fast digital decisions - often same business day
- Competitive rates on new and nearly new vehicles
- Strong brand reliability and streamlined process
- Both HP and Finance Lease available
Limitations
- Less flexible on older vehicles and adverse credit
- Start-ups typically referred to specialist lenders
- Non-standard bodywork may require additional assessment
- Less appetite for vehicles over 7 years old