Indicative rates, November 2026
- Tipper trucks and ADTs: from 5.7-6.0% APR on hire purchase.
- Mobile tracked crushers and screeners: from 5.8-6.2% APR - specialist assessment required.
- Grab lorries: from 5.9% APR - bespoke bodywork included in the financed amount.
- High-reach demolition rigs: from 6.5% APR - credit committee approval, audited accounts required.
- Low loaders and plant trailers: from 5.2% APR on finance lease.
Why Rates are Higher for Specialist Plant
Mainstream asset lenders price risk using auction values. Specialist demolition plant - crushers, high-reach rigs, bespoke grab lorries - has a thin secondary market and a limited number of buyers. Specialist lenders assess the operator's track record, contract pipeline and business plan instead. Rates are 0.5-1.5% higher than standard construction plant, reflecting this additional underwriting effort.
Bespoke Bodywork and Attachments
Bespoke attachments (grab arms, demolition pulverisers, specialist bodies) can typically be included within the same finance facility as the base vehicle or machine. The lender funds the combined value. Where the attachment is detachable and separately saleable, it may be funded under its own agreement at a slightly different rate.
VAT on Plant
VAT on hire purchase payments is spread across the term and reclaimed quarterly - not paid upfront on the full asset value. This can improve cash flow significantly on high-value assets (£200k+ plant financed over 5-7 years).