Truck Finance: Spread the cost of your fleet
We deliver the finance - so you can deliver everything else
GET A PERSONALISED QUOTE
Current Terms Available
- HP for up to 60 months
- Undercut "0% finance" deals from dealers
- No maximum funding
- Suitable for all types of vehicle
- Variety of leasing arrangements
- Balloon payment options
- Contract hire options
- No capital requirements
- Refinance existing trucks
- Avoid depreciation
- Adverse Credit – no problem
- Low rates – funding secured on vehicle assets
Talk to Rangewell – the business finance expertsThe transport industry is highly competitive, and you must have the most cost effective solution for your truck fleet. We search the entire market to find lenders who can deliver the most appropriate business funding - so you can deliver everything else
The wrong finance could put your trucks - and your business - off the road.
Whether you run a transport business or the logistics arm of a larger operation, you know how quickly the costs of your vans and trucks add up. Staying in business means keeping all those costs under control.
You can start cutting those costs before you turn a wheel by getting the most competitive finance deal on your new vehicles.
Dealer finance could be the costly option
Truck and van dealers may offer a bewildering variety of finance plans. Some even offer 0% finance to help them close a deal, but they may hide the real costs.
The deals they offer may be designed to maximise their profits, and often mean that the purchase price is inflated to pay for the finance.
You could be better off asking for their best price for cash, and paying for the truck with finance from a specialist lender. Your overall costs and monthly payments could both be reduced.
Asset Finance: spread the cost of your truck fleet
Asset Finance solutions let a lender finance your vehicle. You spread the costs and repay the lender while your vehicles are already working for your business.
Asset Finance solutions include:
Hire Purchase works exactly as it sounds. You ‘hire’ the vehicle until you’ve paid enough to ‘purchase’ it.
With hire purchase, you’ll normally have fixed monthly repayments so you can manage cashflow during the term. When you’ve finished making repayments, your business will own the vehicle.
Leasing gives you flexibility. You can regularly upgrade your vehicles, and in some leasing arrangements, you have the option to own them at the end of the term, or simply give them back.
You can also decide whether you want maintenance and insurance to be included, and whether you need the truck for its whole working life or a shorter, agreed period.
Contract Hire is also used for trucks. Payments are calculated on the purchase value less the estimated value of the vehicle at the end of the agreement. This helps keep your monthly repayments down, and makes it simple to switch to a new vehicle at the end of the agreement. It could be appropriate if a prestige vehicle is required.
Making existing payments easier
If an existing finance arrangement is causing problems, or if you want to redirect cash elsewhere in your business, we may be able to help find a refinance option. A lender will pay off what you owe under your original agreement and set up a new finance arrangement.
This can mean reduced repayments, spread out over a longer term. It could also allow you to release a substantial cash lump sum if you wished to refinance a large fleet.
Why you need Rangewell for Vehicle Finance
At Rangewell, we work across the entire lending industry and our finance experts have personal experience of broad range of different business sectors.
Their expertise works for you. Our team knows the lenders who specialise in Vehicle Finance, and those who understand your business sector. It means that we can help you find the most competitive rates for all types of vehicle finance solutions.
We put this knowledge to work for you, finding the most competitive deals for the equipment you need, from a single van to a complete HGV fleet.
REAL EXAMPLES OF WHAT WE CAN DO
Find the most competitive funding to allow a new operator to set up
Help an established haulier use asset funding to equip for a major new contract
Source a lease arrangement to build a road haulage arm for a wholesaler operation
Find the most competitive finance for single van for a new business
Help an established operator to arrange a single lease to provide 49 new trucks for three regional depots
Call us to cut your costs
Coming to Rangewell means getting finance experts working to help you find you the most competitive funding for all your vehicle needs. That means cutting the costs of using trucks, vans and other commercial vehicles in your business.
Make sure you are getting the right funding solution for your trucks. Talk to our experts to discuss the details.
What real fleet operators have said ...
Helping you build your profits
No upfront capital expenditureThe cost of your trucks can be spread over months, or years, depending on your budget and business plans.
Getting on the road without a depositYou may not even need a deposit with some types of asset finance, and repayment can be spread over years to fit your monthly budget.
Low monthly paymentsLending is secured on the assets themselves, so interest costs and your monthly repayments can be reduced.
Scaled for your business operationsWhatever the scale of your fleet there is a probably an asset finance solution to fit it. Agreements can cover individual vehicles worth thousands of pounds or fleets costing hundreds of thousands.
Fixed paymentsPayments are usually fixed, allowing simpler cash flow management.
Reducing riskIf your business hits problems and you can’t keep up the payments, the lender can recover their costs by taking the vehicle. No other assets are at risk.
Download Rangewell’s free and detailed guide to Funding Trucks
What is Asset Finance - and how it gives you a business advantage
What are the types of Asset Finance - which do you need?
Why not all providers are equal - finding the one that’s right for you
How we can help you pay less than 0%
The downsides to Asset Finance - and how to avoid them
How to arrange Asset Finance - what paperwork do you need?
Key terms explained
Leases may count as debtMost leased vehicles will affect your balance sheet but investors may view long-term lease as debt and adjust their valuation – other lenders may also reduce loan availability.
Could your fleet be at risk?If you are unable to keep up repayments on a hire purchase or lease agreement the lender could repossess your trucks.
Long-term commitmentA lease may be a long-term commitment, and it may be difficult to renegotiate if your business needs change.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.