Can a sole trader finance a grab lorry during the first year of trading?
It is possible, subject to the applicant, vehicle and lender assessment. This completed transaction concerned a sole trader in the first year of trading and a used Volvo FMX420 grab tipper. That is evidence of a funded example, not a promise that every new operator can obtain the same structure or approval.
Read about HGV and truck finance →The completed deal
CW Asset Finance arranged finance for a sole trader in Rainham, Greater London, buying a used 2019 Volvo FMX420 8x4 grab tipper. The customer was in the first year of trading.
The asset and supplier
| Asset | Volvo FMX420 8x4 grab tipper |
|---|---|
| Condition and year | Used, 2019 |
| Supplier | Pinnacle Plant Hire Ltd |
| Customer location | Rainham, Greater London |
Why the asset matters
A grab tipper combines a tipping body with a loading crane. The illustration shows that configuration, rather than a box truck or an articulated lorry.
Key outcome
The Volvo grab tipper finance deal paid out, with Pinnacle Plant Hire Ltd recorded as the supplier.
Every application is assessed on its own merits and all finance is subject to status and lender approval. This is one client’s outcome and is not a guide to what any other business will be offered.
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