Reach truck finance
The truck that makes tall racking pay for itself, reaching into aisles far too narrow for a counterbalance to turn in.
Whole-of-market — 60+ lenders searched, including
Can you finance a reach truck?
Yes. Reach trucks are excellent finance assets: indoor machines, kept dry, serialised, and sold on through a busy UK used market. They are funded on hire purchase, finance lease or contract hire, and used examples present no difficulty. The detail worth knowing is that mast height is what determines the buyer pool. A very tall triplex or quad mast is built for a specific building, and a funder pricing the future sale of that truck knows it will suit fewer warehouses than a standard-height machine.
Used kit: Yes — used reach trucks fund well, commonly up to around eight to ten years old, with battery condition and mast hours doing most of the work on valuation.
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What would a reach 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
A favourite of ours to place. Reach trucks tick every box a funder likes: high build quality, indoor life, strong brand recognition and residual values that hold up. Contract hire is very common because the dealer network supports these machines closely and maintenance is specialised. Two things shape the underwriting. First, cold-store specification — a freezer truck has been through thermal cycling its whole life and a valuer will discount accordingly, so it should be declared. Second, mast height and specification, since a truck built for an eleven-metre aisle sells into a smaller market than a standard one. Where a reach truck is bought at the same time as the racking it works in, funders are usually happy to treat the whole scheme as one facility.
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 |
|---|---|
| Linde R14 | Compact electric reach truck |
| Linde R16 | Standard electric reach truck |
| Linde R20 | Two tonne electric reach truck |
| Jungheinrich ETV 216 | Electric reach truck for tall racking |
| Jungheinrich ETV 320 | Heavy duty electric reach truck |
| Still FM-X | Electric reach truck range |
| Toyota BT Reflex R-series | Electric reach truck with tilting cab |
| Toyota BT Reflex E-series | Compact reach truck for narrow aisles |
| Crown ESR 1000 | Electric reach truck for pallet racking |
| Hyster R1.6 | Electric reach truck for warehouse aisles |
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Who buys one
Distribution and e-commerce operators moving into a taller unit, or existing sites adding a level to their racking and discovering the counterbalance can no longer reach it. Cold-store operators buy them for the same reason. The purchase often lands alongside a racking installation, which is why these two things are so frequently funded together rather than as unrelated projects months apart.
Get a quoteor call 07581 364281
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.
Reach truck finance questions
Can the reach truck and the racking go on one agreement?
Yes, and it is usually the better way to do it. The truck is strong security and the racking is not, so packaging them together gives the funder a sensible blended asset position. It also means one payment, one drawdown and one set of paperwork rather than running two projects in parallel.
Is a cold-store reach truck harder to finance?
Not harder, but it is valued differently. Freezer-specification trucks live a hard life thermally and the market for them is narrower than for ambient machines, so a funder will take a more conservative view on what it will be worth later. Declare the specification up front rather than letting an inspection discover it.
What happens to the truck if we move premises mid-agreement?
Nothing, provided you tell the funder. A reach truck is mobile and goes with you, which is exactly why it is easy security. The agreement continues as normal. You simply need to notify the funder and your insurer of the new location so the asset register and cover stay accurate.
Do reach trucks need an annual thorough examination like a counterbalance?
Yes. Any lifting equipment used at work falls under LOLER and needs periodic thorough examination by a competent person. Funders do not police this, but a truck without a current certificate cannot legally be used, and an inspector or valuer looking at a used machine will expect the records to be there.
Can we finance a used reach truck from an independent dealer?
Yes. Independent dealers supply a large share of the used reach truck market and funders deal with them constantly. What matters is a clear invoice with serial numbers, evidence that the dealer owns the machine outright, and normally a refurbishment or pre-delivery inspection record on an older truck.
Get a quoteor call 07581 364281
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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.