Refrigerated semi-trailers - commonly called fridge trailers or reefer trailers - are high-value, specialist assets at the core of temperature-controlled distribution. Financing them requires lenders who understand both the trailer structure and the refrigeration unit, and who can value them accurately in a specialist secondary market. This guide covers the main lender options and how the refrigeration unit is treated.
Fridge Trailer Finance - Lender Rates
| Asset Type | APR Range | Term | Notes |
|---|---|---|---|
| New 13.6m fridge trailer (Schmitz S.CF / Krone Cool Liner) | 4.5–10% | 3–7 years | Refrigeration unit included |
| Used fridge trailer (under 5 years) | 6–12% | 3–5 years | Service history important |
| Older fridge trailer (5–10 years) | 8–14% | 2–5 years | Aldermore / Shawbrook |
| Refrigeration unit only (Thermo King / Carrier) | 6–12% | 2–5 years | Standalone unit finance |
Thermo King vs Carrier - Does the Brand Matter to Lenders?
Thermo King and Carrier Transicold are the two dominant refrigeration unit brands in the UK market. Both have well-established secondary markets and recognised residual values. Lenders are comfortable with both. The choice between Thermo King and Carrier is an operational decision - the lender's appetite is not significantly affected by which brand is fitted to the trailer.
Financing the Refrigeration Unit Separately
When replacing an ageing refrigeration unit on an otherwise serviceable trailer body, standalone refrigeration unit finance is an option. Typical Thermo King and Carrier trailer units cost £15,000–£30,000 new. Close Brothers and Shawbrook will finance these as standalone assets, treating the unit as a piece of equipment rather than requiring it to be financed as part of a complete vehicle.
Cold Chain Operator Considerations
Temperature-controlled distribution operators typically run fridge trailers for 7–12 years. Finance terms are accordingly longer than on a standard curtainsider - 5–7 years is common on a new fridge trailer. Service history and temperature monitoring records are important for used trailer valuations and can positively affect the rate offered.