A drawbar outfit combines a rigid HGV (typically 18t or 26t) with a drawbar trailer to create a longer vehicle combination. They are popular in sectors requiring flexibility between running as a solo rigid and a full drawbar train. Financing a drawbar outfit raises the question of whether to treat the rigid and trailer as a single combined asset or as two separate finance facilities.
Single Facility vs Split Finance - The Core Decision
Single Combined Facility
- One application, one set of documentation
- Simpler monthly management
- Can achieve a single blended rate
- Works well when both assets are new and purchased together
Split Finance
- Separate terms optimised for each asset type
- Useful when the rigid and trailer are from different suppliers
- Allows different terms (e.g. longer for trailer, shorter for truck)
- Can be better when one asset is new and one is used
Drawbar Outfit Finance - Lender Rates
| Asset Type | APR Range | Term | Notes |
|---|---|---|---|
| Rigid HGV (18t or 26t) | 4.5–11% | 2–7 years | Standard commercial vehicle rates |
| Drawbar trailer (standalone) | 5–12% | 2–7 years | Trailer specialist rates |
| Combined drawbar outfit | 4.5–11% | 2–7 years | Single facility, blended rate |
When to Split and When to Combine
If you're purchasing a complete new drawbar outfit from a single supplier (e.g. a rigid on a new chassis with a new matching drawbar trailer), a combined facility usually makes sense. If the rigid is already owned or financed elsewhere, or if you're sourcing the trailer separately from a different dealer, split finance allows each asset to be treated and priced independently.