Yes. HGVs, tractor units, rigids, tippers, curtainsiders and specialist bodied trucks are all financeable, and CW Asset Finance works with lenders who understand road transport. New and used vehicles can be considered, and finance can often cover the body or conversion as well as the chassis.
Haulage is a sector lenders look at carefully, because margins are tight and running costs are high. Expect to be asked about your operator licence, the work the vehicle will be doing, your contracts and your trading history. Established operators with accounts generally have more options than a new entrant buying a first truck, though start-up cases are not automatically ruled out.
Hire purchase is common where you intend to run the vehicle for its working life. Finance lease and contract hire suit operators who replace on a fixed cycle and want a predictable monthly cost. Some agreements include a balloon payment at the end, which lowers monthly payments but leaves a large sum to find or refinance later — make sure you have a plan for it before you sign.
The truck is the lender’s security, so arrears can lead to repossession and the loss of the earning asset. Terms depend on lender assessment and your individual circumstances.