Key highlights
- An older truck doesn't automatically rule you out
- Lenders assess the truck's age at start and end of term
- Well-maintained older trucks can still be financed
- Appetite for vehicle age varies widely between lenders
- Soft check to quote — no credit-score impact
Age is one of the main things lenders consider when financing a light truck, but an older vehicle does not automatically rule you out. Overdrive compares 80+ lenders, some of which take a more flexible view on age than others.
How does truck age affect finance?
Lenders generally assess the truck's age at the start of the term and its expected age at the end. Many will look at the combined figure of current age plus loan term, and prefer this to sit within a set limit. A newer light truck opens up more lenders and longer terms, while older units narrow the field, subject to lender criteria.
Can you finance an older light truck?
Older trays, pantechs and service-body light trucks can still be financed, particularly where they are well maintained and in demand. Some non-bank lenders specialise in this space. You may find the term is shorter or a deposit helps the application, but eligible applicants often have viable options.
Why compare lenders for truck age?
Because appetite for vehicle age varies so widely between lenders, comparing several at once is the best way to find one comfortable with your truck. Any tax questions about buying an older asset belong with your accountant or registered tax adviser. Simon knows which lenders are most open to older light trucks.
Looking to finance an older light truck? Ask Simon Kendrick at Overdrive for an obligation-free quote. It is a soft check that won't affect your credit score.
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