Skip Lorry Finance for UK Businesses
Is Skip Lorry Finance and Skip Loader Finance for me?
As any recycling or waste management company will know, investing in your skip lorry fleet is fundamental to running a successful skip collection service for your customers.
Having Skip Lorries that require time in the workshop, time off the road and missed deliveries / collections is not something that will help to project the professional image that you would like to. Also, if your competitors have a fleet of up to date and reliable skip lorries on the road, these are the ones your clients will see!
However, purchasing a skip lorry or loader for cash is not something that most waste management companies are able to do – most companies do not have the spare cash available. The prices of new and used skip lorries is still strong, rising in some areas, spreading the cost over a set period may seem attractive.
Skip Lorry Types & Use Cases
Skip lorries, often referred to as skip trucks or loaders, are essential for UK waste management, construction, and recycling sectors. Common types include:
- 6-yard skip lorries – Ideal for domestic clearances or small renovation projects.
- 8-yard skip lorries – The most popular choice in the UK for medium-sized commercial jobs.
- 10–12-yard skip lorries – Used in larger construction sites and industrial environments.
Whether you’re purchasing brand new for long-term reliability or opting for a used skip lorry to reduce upfront costs, we can tailor finance solutions to match your needs.
Pricing, VAT & Deposit Info
- New skip lorry prices typically range from £45,000 to £75,000 depending on chassis, make and features.
- Used skip lorries can start from £20,000 upwards depending on age and mileage.
- VAT deferral is available on qualifying agreements, allowing you to delay the VAT payment for up to 3 months.
- Typical deposit requirements range from 5% to 10%, with finance terms between 24 and 60 months. Balloon payments and seasonal profiles can also be arranged to suit cash flow.
New and Used Skip Lorry Finance
Using our panel of lenders who lend to the waste management and recycling sectors, we can help you find the finance you need for your next skip lorry or skip loader.
Our lenders will consider lending for both new and used (second hand) skip lorries, subject to meeting their criteria. Some lenders will consider also lending to customers who have previous bad credit or are a new start business. We just request that if you are aware of any previous bad credit issues we are notified at the start, so we can work with you.
Advantages of Skip Lorry Financing
When you choose to finance a skip lorry, you will fix your repayments at the outset, meaning that you have certainty of manageable repayments for the term of the finance.
Depending on whether you require ownership of the skip lorry at the end, you may consider skip leasing as an alternative.
Financing requires a small initial deposit which frees up cash within the business for other purposes.
Subject to lender agreement, financing of a skip lorry may qualify for a period of vat deferral (normally the full VAT is paid upfront with the deposit as part of a Hire Purchase agreement.)
Skip Lorry Finance Calculator
It’s very difficult to provide an approximation on the costs of financing a skip lorry. So many variables, including client financial strength, age of skip lorry, mileage etc will play a role in deciding the interest rates and fees involved.
So that we can provide you with an accurate quote, please contact us, and we will gather the information we need to assist you.
Finance for Skips and Wheelie Bins?
As well as providing finance for skip lorries and loaders, our lenders will consider financing the skips and wheelie bins that your business may also us.
We have recently helped one customer to finance 300 wheelie bins for their commercial waste management business.
As well as providing specific finance for the lorries / Bins which are linked to the life of the asset, we do also have business loan products that some customers use.
Infact, we can help you finance almost any equipment you need for your waste and recycling business, including shredders, compactors and excavators.
Need: Upgrade from older 2006 skip lorry to a compliant Euro 6 model for operations in Greater Manchester’s clean air zones.
Vehicle Financed: 2022 DAF LF 290 with 8-yard skip loader
Finance Option: Hire Purchase with VAT deferral and 10% deposit
Result: Finance approved in 48 hours. Monthly payments structured over 5 years.
“Business Finance Direct helped us get on the road quickly. They understood the vehicle requirements and tailored the payments to fit our fluctuating income. Highly recommend their service!”
Skip Lorry Finance FAQs
What types of skip lorries can I finance?
You can finance a range of skip lorries including 6‑, 8‑ and 10‑yard vehicles, both new and used.
Can I defer VAT on a skip lorry purchase?
Yes—many lenders offer VAT deferral until up to 3 months after delivery of the asset, subject to lender approval.
Is skip lorry finance available if my credit isn’t perfect?
Yes—many specialist lenders consider applications from exporters of imperfect credit, especially when business trading history is stable
How much deposit and what finance terms are typical?
Deposits often start around 5–10% with terms typically between 3 and 5 years; balloon payments may be available to reduce monthly costs. VAT only deposits may be available.
How long does approval take?
Approval can often be confirmed within 24–48 hours once all documentation is provided.
Let’s talk about financing Skip Lorries, Skips and Wheelie Bins
We’d love to help you with your finance requirements for any of these items. We have vast experience of helping businesses within the waste management and recycling sectors so are well placed to work with you. Our service is totally free to you, so you have nothing to lose!
Get in touch today to discuss your business’s requirement for skip lorry finance.