Crane Finance

Crane Finance for Construction, Transport & Industrial Businesses

Cranes are specialised, high-value assets used across construction, transport, infrastructure and industrial operations.

At My Finance Consultants, we compare crane finance across a broad range of specialist equipment lenders.

We help businesses finance new and used cranes with loan structures designed around the equipment, cash flow and repayment requirements.

What Cranes Can Be Financed?

Finance is available for a range of eligible commercial lifting equipment.

This can include mobile cranes, truck-mounted cranes, crawler cranes and other specialised lifting machinery.

Dealer purchases generally provide the widest lender choice.

Private-sale and selected auction purchases may also be considered, subject to lender requirements and equipment verification.

The crane's age, condition, lifting capacity, configuration and purchase price can affect the available finance terms.

Crane Finance Options

Chattel Mortgage

A chattel mortgage is commonly used where your business wants to purchase and own the crane.

The lender provides funds towards the purchase while registering security over the financed equipment.

Repayments are made over an agreed term.

Balloon Payments

Selected lenders allow a balloon payment at the end of the finance term.

This can reduce regular repayments and help preserve business working capital.

A larger balloon also leaves a larger amount payable at the end, so we compare different structures before you proceed.

Truck-Mounted Crane Finance

Truck-mounted cranes combine commercial vehicle and lifting equipment within one asset.

Selected lenders can finance the complete vehicle and crane configuration.

The lender may assess the truck chassis, crane specifications, age and overall asset value.

New, Used & Private-Sale Crane Finance

Both new and used cranes can be financed.

Used equipment may be subject to maximum age requirements, shorter loan terms or additional valuation requirements.

Private-sale cranes can also be financed with selected lenders.

Additional checks may be required to confirm ownership, serial numbers, vehicle details and equipment specifications.

Auction purchases can be considered where lender approval can be completed within the required settlement timeframe.

What Lenders Consider

The lender will assess both your business and the crane being financed.

This can include your trading history, credit profile, existing liabilities and ability to meet the proposed repayments.

Your experience within construction, lifting, transport or related industries may also be relevant.

Because cranes are specialised assets, lenders may place additional emphasis on the equipment's age, capacity, condition and resale market.

Established businesses may qualify for streamlined documentation with selected lenders.

Larger or more specialised transactions may require financial statements, tax returns, valuations or additional equipment information.

Related Construction & Machinery Finance

For other lifting equipment, explore Telehandler Finance.

We also provide Earthmoving Equipment Finance and broader Machinery Finance.

For specialised concrete equipment, visit Concrete Pump Finance.

If the crane is truck-mounted, you can also explore Truck Finance.

For our complete range of commercial asset-finance solutions, visit Business Equipment Financing.

Our Crane Finance Process

Review Your Equipment Purchase

We discuss the crane, supplier, purchase price and intended business use.

We also review your preferred finance term, contribution and repayment structure.

Compare Suitable Lenders

We compare lenders familiar with cranes and specialised lifting equipment.

We assess rates, fees, documentation requirements, balloon options and equipment policy.

Application & Approval

We prepare your finance application and coordinate the supporting documents required by the selected lender.

We then manage lender questions, valuations and approval requirements.

Settlement

Once approved, we coordinate settlement with the dealer or approved seller.

This helps keep payment and equipment handover progressing smoothly.

Frequently Asked Questions

Can I Finance a Used Crane?

Yes. Many lenders finance used cranes, although age, condition and value can affect the available loan term.

Can I Finance a Truck-Mounted Crane?

Yes. Selected lenders can finance the truck and crane as a complete commercial asset.

The lender will assess both the vehicle and lifting equipment.

Can I Finance a Crane From a Private Seller?

Yes. Selected lenders finance private-sale cranes.

Additional ownership and equipment verification may be required before settlement.

Do I Need a Deposit?

Not always.

Some established businesses may qualify for finance covering the full eligible purchase price, while other applications may require a contribution.

Can I Include a Balloon Payment?

Yes. Balloon payments are available with selected lenders.

A balloon can reduce regular repayments but leaves a larger balance payable at the end of the finance term.

Is Low-Doc Crane Finance Available?

Yes. Selected lenders offer streamlined documentation for eligible established businesses.

The requirements depend on your trading history, credit profile, finance amount and the crane being purchased.