About Close Brothers Telehandler Finance
Close Brothers Asset Finance is one of the UK's most established specialist asset lenders, with decades of experience in construction plant and agricultural equipment. Their telehandler finance offering covers both fixed boom models - such as the JCB 540-170 or Manitou MLT - and rotating telehandlers including the JCB 560-80 and Merlo Roto range.
As an independent broker, Doulton Bridging Finance submits applications to Close Brothers alongside other lenders, which means we can match your profile to the right lender and present the best terms available to you. Close Brothers is often the preferred lender for established construction and agricultural businesses with clean credit histories.
Close Brothers can finance both hire purchase (HP) and finance lease structures. For plant hire companies, finance lease is often the preferred route as it avoids balance sheet asset recognition under certain accounting treatments and the equipment can be returned at end of term.
Close Brothers Telehandler Finance Rates Table - October 2026
| Finance Type | Rate Range (APR) | Term | Min Finance | Max Finance | Min Deposit | Decision Speed |
|---|---|---|---|---|---|---|
| Hire Purchase - New Telehandler | 4.5%–7.5% | 2–7 yrs | £10,000 | £5m+ | 10% | 24–48 hrs |
| Hire Purchase - Used Telehandler (<5 yrs) | 6%–9% | 2–5 yrs | £10,000 | £2m | 10% | 24–48 hrs |
| Hire Purchase - Used Telehandler (5–10 yrs) | 8%–12% | 2–4 yrs | £10,000 | £750k | 15% | 2–4 days |
| Finance Lease - New Telehandler | 4.5%–7% | 3–7 yrs | £10,000 | £5m+ | Nil (eff.) | 24–48 hrs |
| Finance Lease - Used Telehandler | 6.5%–11% | 2–5 yrs | £10,000 | £1.5m | Nil (eff.) | 2–4 days |
| Fleet Facility (Plant Hire) | 5%–9% | 2–7 yrs | £50,000 | £5m+ | 10% | 3–5 days |
Rates are indicative as of October 2026 and subject to credit underwriting. Final terms depend on your business profile, asset specification and trading history. Contact us for a personalised illustration.
How Close Brothers Compares to Other Telehandler Lenders
| Lender | Typical Rate (new, strong credit) | Adverse Credit | Max Finance | Best For |
|---|---|---|---|---|
| Close Brothers | 4.5–7.5% | Limited | £5m+ | Fleet, established businesses |
| Novuna | 4.5–7% | No | £2m | Digital speed, new telehandlers |
| Shawbrook | 5–8% | Moderate | £3m | Used telehandlers |
| Aldermore | 6–9% | Good | £2m | Adverse credit, sole traders |
| Haydock Finance | 6–10% | Good | £1.5m | Housebuilders, SME construction |
Strengths and Limitations
Strengths
- Very competitive rates for strong-credit construction and agricultural businesses
- High maximum finance - suitable for large rotating telehandler purchases or fleet deals
- Appetite for both fixed boom and rotating (roto) telehandlers
- Established underwriting team with deep construction plant knowledge
Limitations
- Limited appetite for businesses with CCJs, defaults or adverse credit history
- Start-ups or businesses under two years trading will struggle to access Close Brothers directly
- Higher-age used telehandlers (10+ years) may fall outside appetite or attract higher rates
As an independent broker, we compare Close Brothers against other specialist lenders to ensure you get the most competitive available terms. Complete the form below and we'll come back to you, usually within a few hours on business days.