Yes. Trucks, tractor units, trailers and rigids are all commonly funded through asset finance, and there are lenders on the panel of 60-plus with specific appetite for commercial vehicles. Most truck buyers are incorporated hauliers buying for business use, which puts those agreements outside the consumer credit regime.
Truck deals bring their own detail. Operator licensing, plated weights, Euro emission standards and low-emission zone compliance all affect a lender’s view of an asset’s future value. Age and mileage matter more on some funders’ criteria than others, and specialist bodywork narrows the pool of lenders willing to look at it.
Buyers are often owner-drivers or small haulage operators where the vehicle is the business, and lenders will look at the operating position as well as the asset. New ventures are harder but not automatically excluded, and a broker can put the case to funders whose criteria fit rather than testing it against one lender’s policy. Nothing here is a promise of approval or of terms.
Watch the owner-driver end of your book. A sole trader is an individual in law, not a company, so the agreement can be regulated depending on the amount and purpose, and how far you go beyond naming a broker starts to matter. This is general information, not legal or compliance advice, and your position depends on your customer mix.