About Aldermore Telehandler Finance
Aldermore Bank's asset finance division specialises in the market that high-street banks and tier-one lenders leave underserved. For telehandler finance, this means businesses that Close Brothers or Novuna might decline - sole traders with shorter trading histories, companies with satisfied CCJs, or operators who need to finance older used telehandlers.
Aldermore will consider hire purchase and finance lease for a broad range of telehandler types and brands including JCB 540 and 560 series, Manitou MT and MRT models, Merlo Roto, and Dieci range. They're particularly active in agricultural markets where telehandlers double as material handlers on farms, and in the construction SME sector where sole trader groundworkers and plant operators may not have the balance sheet strength for tier-one lenders.
The trade-off is rate: Aldermore is not the cheapest lender in this market. For businesses that can access Close Brothers or Novuna, those lenders will typically offer lower rates. But where mainstream lenders say no, Aldermore often says yes - and at rates that can still make commercial sense for a profitable operation.
Aldermore Telehandler Finance Rates Table - October 2026
| Finance Type | Credit Profile | Rate Range (APR) | Term | Min Finance | Max Finance |
|---|---|---|---|---|---|
| HP - New Telehandler | Clean credit | 5.5%–8% | 2–7 yrs | £5,000 | £2m |
| HP - Used Telehandler (<5 yrs) | Clean credit | 6.5%–10% | 2–5 yrs | £5,000 | £1m |
| HP - Used Telehandler | Adverse credit / CCJ | 10%–14% | 2–4 yrs | £5,000 | £500k |
| Finance Lease - New Telehandler | Clean credit | 5.5%–8.5% | 3–7 yrs | £5,000 | £2m |
| Finance Lease - Used | Clean credit | 7%–11% | 2–5 yrs | £5,000 | £750k |
| HP - Sole Trader | Good personal credit | 7%–12% | 2–5 yrs | £5,000 | £500k |
Indicative rates as of October 2026. Final terms depend on credit underwriting, asset age and business profile.
Strengths and Limitations
Strengths
- One of the most accessible lenders for adverse credit telehandler finance
- Sole traders and partnerships actively considered alongside limited companies
- Low £5,000 minimum - suitable for used or smaller telehandlers
- Wide brand acceptance - JCB, Manitou, Merlo, Dieci, Caterpillar and others
Limitations
- Not the cheapest option for clean-credit businesses - Close Brothers or Novuna will often beat their rates
- Lower maximum finance (£2m) means large fleet or high-value crane-capacity telehandlers may need an alternative lender
- Adverse credit cases attract materially higher rates and may require larger deposits
We submit applications to Aldermore alongside other specialist lenders - so you get genuinely competitive options, not just a single lender's terms. Fill in the form below and we'll respond promptly.