The used trailer market in the UK is extensive and well-established. Schmitz Cargobull, Krone, and Kögel curtainsiders in particular hold their value well and are traded actively through specialist dealers. Financing a used trailer is straightforward for the right asset and profile - but lender appetite varies significantly by asset age, condition, and your credit history.
Used Trailer Finance - Lender Rates by Asset Age
| Asset Age | APR Range | Best Lenders | Max Term |
|---|---|---|---|
| Up to 3 years old | 5–10% | Close Brothers, Lombard, Novuna | 5–7 years |
| 3–7 years old | 6–12% | Close Brothers, Shawbrook, Aldermore | 4–5 years |
| 7–12 years old | 8–14% | Aldermore, Shawbrook, Haydock | 2–4 years |
| Over 12 years old | 10–16%+ | Haydock, specialist lenders | 2–3 years |
Age Limits by Lender
Each lender applies a maximum asset age at the end of the finance term (not at the start). This means a 7-year-old trailer can only be financed over 3 years with a lender whose maximum end-of-term age is 10 years. Here's how the main lenders compare:
- Close Brothers: typically up to 10 years old at end of term
- Lombard: typically up to 7 years - prefers newer assets
- Shawbrook: up to 12 years, case by case on older assets
- Aldermore: up to 12 years, flexible on older well-maintained assets
- Haydock: up to 15 years on a case-by-case basis
Condition and Documentation
For used trailer finance, the condition of the trailer is a key factor alongside age. A well-maintained 8-year-old Schmitz S.CS with full service history, current MOT, and recent brake inspection will receive better terms than a 5-year-old trailer of unknown service history. Provide the following where available: MOT certificate, service history records, inspection report, and any recent repair or refurbishment documentation.
The Schmitz and Krone Used Market
Schmitz Cargobull and Krone trailers are the most actively traded used trailers in the UK. Both hold residual values well - a 5-year-old Schmitz S.CS in good condition typically retains 45–55% of its new value. This strong residual value performance means lenders are confident advancing against these assets even at moderate age, making them among the easiest used trailer types to finance.