Transport Finance

Our finance experts can arrange finance for a range of transport related needs in the UK.

Transport finance for UK Businesses

We can arrange tailored funding solutions for a wide range of transport-related assets, helping you acquire vehicles and equipment critical to your operations. Whether you need to expand your fleet, upgrade your trucks, or invest in specialist vehicles, transport finance can help your business stay competitive and efficient.

Regardless of your business size or sector within the transport industry, we can help you secure the right finance to meet your goals.

What is transport finance?

Transport finance offers businesses the opportunity to acquire vehicles and equipment without large upfront costs. This funding solution is designed to help companies across the transport sector, from haulage operators to passenger transport firms, manage their cash flow effectively while ensuring they have access to the assets they need.

By using finance options such as hire purchase, finance lease, or asset refinance, businesses can spread the cost of vehicles over a fixed period, this preserves capital for other areas to fund growth. Transport finance also allows businesses to upgrade their fleets regularly, helping them stay competitive with the latest technology and safety standards.

Whether you’re expanding your fleet, replacing aging vehicles, or investing in specialist equipment, transport finance provides flexible, tailored solutions to support your business ambitions.

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What finance options are available with transport finance?

Hire Purchase: Transport businesses can purchase assets without having to make a large payment upfront with hire purchase. This solution allows you to spread the cost of the asset over a specific term, with monthly instalments being made throughout. Once the payment term is finished, you gain ownership of the asset.

Finance Lease: This facility allows you to rent an asset over a long period. VAT is paid with the rental payments, and you will be funding 100% of the asset value. At the end of the term, you will either hand back the asset to the lender, or you can apply for an extension if required.

Asset Refinance: Refinancing uses the value in your owned assets to generate capital for your business. With refinance, the asset is sold to the lender, and then you make a series of payments over the course of the agreement to pay back the asset. While in the refinancing period, the asset can still be used for operational use, causing no disruptions to business needs.

What assets can I finance with transport finance?

We can arrange finance for a wide variety of transport assets, such as:

HGVs and lorries
Vans and commercial vehicles
Refrigerated vehicles and trailers
Passenger transport vehicles (buses and minibuses)
Specialist vehicles (tippers, tankers, cranes)
Trailers and container chassis
Forklifts and warehouse vehicles

Funding for your business

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Benefits of transport finance

Flexible repayment terms: Choose finance plans that align with your cash flow.

Preserve working capital: Avoid significant upfront payments and free funds for other business priorities.

Improve efficiency: Through purchasing new transport assets, business operations can be completed to a higher standard and over a shorter timeframe.

Large range of assets available: Finance a broad range of vehicles and equipment to suit your operation.

Quick approvals: Fast turnaround times mean you can get moving sooner.

How long does it take to secure transport finance?

The timeframe for securing transport finance can vary depending on your application and the type of finance you choose. Generally, once all the necessary financial documents and business information are submitted, approvals will take between 24 to 72 hours.

Ensuring you have your documents in order, including bank statements, recent certified accounts, asset details, and a clear outline of your business plans can help speed up the process.

Our team works hard to make the application process as smooth and efficient as possible, keeping you informed every step of the way so you can access the finance you need to keep your business moving forward.

Applying for transport finance

At MAF Finance Group, we can compare offerings from a vast selection of banks and funders to identify a solution that suits your requirements.

If you would like to learn more or get a quote, simply fill out the form below. If you would like to speak directly to us, call us on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, email us at [email protected].

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Transport Finance FAQs

What type of transport assets can I finance through your services?

With transport finance, we can arrange funding for a wide variety of assets. These assets include HGVs and lorries, vans and commercial vehicles, refrigerated vans and trailers, passenger transport vehicles, specialist vehicles, trailers and container chassis, and forklifts and warehouse vehicles.

What are the typical terms for transport finance?

The terms and interest rates may depend on multiple factors, including the age and condition of the asset, the amount being financed, the length of the repayment term, your business’ creditworthiness, current market interest rates and the specific finance product chosen.

What are the eligibility criteria for securing transport finance?

While criteria can vary depending on the lender, typically, you will need to prove that you are a registered UK business, have full annual accounts, three months bank statements, as well as personal details including the directors full name, date of birth and personal address.

What are the different finance options available for transport businesses?

We can provide solutions including hire purchase agreements, finance leases and asset refinance. As well as this, we can arrange business loans, which unsecured business loans, secured business loans, and small business loans.

What documents do I need to provide with transport finance?

To apply, you will need to provide a range of documents to verify your business’s financial health. Common documents include your business’s latest financial statement, 6 months of company bank statements and full name, address, DOB and homeownership status of all directors.

Why choose MAF Finance Group?

As a leading nationwide finance broker, we have access to a full market of funders, banks and alternative funders. With dedicated teams of sector specialists and industry specialists in the construction, healthcare, agriculture, renewables and fleet management sectors we can help all businesses with their funding requirements.

Benefits of using a finance broker?

Whilst banks can offer different rates, they often reject certain types of purchase and have strict lending criteria. MAF Finance Group has access to a panel of specialist lenders with a variety of options and rates that are not available to customers who go direct. We can also explore the whole lending market, saving you time and effort whilst giving you competitive rates and a greater chance of acceptance.