Indicative rates, November 2026
| Equipment / asset | Finance type | Rate | Term |
|---|---|---|---|
| Large quarry excavator (50-100t) | Hire purchase | From 6.0% APR | 4-7 years |
| Face shovel (100-200t) | Hire purchase | From 6.5% APR | 4-7 years |
| Mass excavator / ultra-class (200t+) | Hire purchase | From 7.0% APR | 5-7 years |
| Surface miner (Wirtgen / Vermeer) | Hire purchase | From 6.5% APR | 4-7 years |
| Quarry backhoe / loading tool | Hire purchase | From 5.8% APR | 3-5 years |
Worked example: 80t quarry excavator
| Asset value | £650,000 |
|---|---|
| Finance type | Hire purchase |
| Term | 7 years |
| Rate | 6.2% APR |
| Monthly payment | £9,558 |
| Total repayable | £802,872 |
| Total interest | £152,872 |
| Note | Credit committee required - allow 7-10 working days. Audited accounts and quarry plan required. |
Why finance through a broker?
- Specialist lenders assess reserves, extraction rate and royalty agreements alongside accounts
- Cat, Komatsu, Liebherr, Volvo, Hitachi - all OEMs considered
- Used machines with full PM history funded - machine hours and inspection report required