Powered pallet truck finance
The first powered machine most warehouses buy, and the one that quietly does more pallet movements per day than anything else on site.
Whole-of-market — 60+ lenders searched, including
Can you finance a powered pallet truck?
Yes. Powered pallet trucks are proper serialised machines with batteries, chargers and a real second-hand market, so funders will write them on hire purchase, lease or contract hire. Used models are fundable. The practical issue is ticket size rather than asset quality: one pedestrian truck is a small amount of money and may sit below a funder’s minimum, so they are frequently funded in multiples or alongside other equipment. Ride-on and long-fork double-pallet versions cost more and sit on an agreement comfortably by themselves.
Used kit: Yes — used powered pallet trucks are funded regularly, typically up to around seven or eight years old where the battery is sound and the chassis is not badly knocked about.
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What would a powered pallet truck cost per month?
Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
How lenders treat it
Comfortable assets. These trucks are simple, durable, easy to identify by serial number and traded actively by dealers who refurbish and resell them in volume. Funders are relaxed about the machine itself and focus instead on whether the deal is big enough to bother with, which is why a single pedestrian truck often needs bundling. Battery condition drives the used value here just as it does on a larger electric, and a truck sold without its charger is a truck sold cheap. Ride-on stand-in and platform models command higher values and are funded readily on their own. Where a fleet is being replaced across several depots, a single facility with a schedule per site is usually the tidiest structure.
Makes and models we fund
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Toyota BT Levio LWE130 | Walk behind powered pallet truck |
| Toyota BT Levio LWI160 | Stand on powered pallet truck |
| Jungheinrich EJE 116 | Pedestrian electric pallet truck |
| Jungheinrich ERE 225 | Ride on electric pallet truck |
| Still EXU 20 | Pedestrian powered pallet truck |
| Still EXU-S 20 | Platform powered pallet truck |
| Linde T20 | Pedestrian powered pallet truck for loading |
| Linde T20SP | Stand on electric pallet truck |
| Crown WP 3000 | Walkie pallet truck for order assembly |
| Hyster P2.0S | Electric powered pallet truck |
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Who buys one
Trailer loading and unloading operations, food distribution depots, drinks wholesalers and any site where pallets travel long distances across a flat floor. The trigger is usually a health and safety review that flags manual handling on a repetitive route, a driver shortage on a busy despatch bay, or a throughput increase that makes walking a hand truck the length of the building the slowest single step in the whole process.
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How it is treated for tax
Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
Powered pallet truck finance questions
Can I finance just one powered pallet truck?
Sometimes, depending on the price and the funder. A basic pedestrian model may fall below a minimum advance, while a ride-on or double-pallet machine usually clears it easily. If the single truck is too small, the usual answer is to combine it with other equipment or approach a funder that specialises in smaller agreements.
Is the charger included in the finance?
It should be, and it is worth checking the invoice shows it. A truck without a matching charger is harder to sell on and a funder values the pair together. Chargers are inexpensive relative to the truck but their absence is the kind of detail that surfaces awkwardly at valuation time.
How do these compare with a forklift for finance purposes?
Same treatment, smaller numbers. Both are serialised mobile plant with a used market, so the structure and the paperwork look alike. The difference is scale: a counterbalance forklift is several times the value, which means it comfortably supports its own agreement where a pedestrian truck may not.
We want twelve trucks across four depots. How is that structured?
Normally as one facility with an equipment schedule listing each truck, its serial number and its site. That keeps the administration in one place and gives the funder a clear asset register. It also makes it far easier to add or swap machines later than running twelve separate agreements would.
Does a powered pallet truck need any statutory inspection?
Yes, it is lifting equipment and falls under the same thorough examination regime as a forklift, even though it only lifts a pallet clear of the floor. Keep the certificates with the machine. Funders rarely ask, but a used truck with a complete inspection history is easier to place and worth more later.
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
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Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.