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Cherry Picker Finance

Cherry pickers cost from around £25,000 for a compact push-around unit to £180,000 for a large diesel boom, financed by facilities, tree care and construction businesses.

Can you finance a cherry picker?

Yes, cherry pickers are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £25,000 to £180,000, and most deals are written over 12-84 months with a deposit of around 10-20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

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Typical Cost

£25k – £180k

Approval Speed

24–48 hours

Same-day for straightforward deals

Rates From

4.5% - 8.4% per annum

What would a cherry picker cost per month?

£70,000
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical cherry picker price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
4.9% - 7.9% per annum
Term
12-84 months
Deposit
10-20%
Ownership
Yours at the end
Best for
Businesses that want to keep a cherry picker permanently available for height work

Finance Lease

Rate
4.5% - 7.4% per annum
Term
12-84 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Businesses that want the flexibility to size the machine to each contract; payments are usually deductible as an operating expense

Operating Lease

Rate
5.4% - 8.4% per annum
Term
24-60 months
Deposit
None required
Ownership
Return at end
Best for
Businesses that want to keep the cherry picker off balance sheet and upgrade regularly

Representative example

On a purchase price of £70,000: a 10% deposit of £7,000, then 48 monthly payments of £1,477 at 5.9% APR representative (fixed). Total amount payable £77,896, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification Guide price Type
Niftylift HR15N £45,000 - £65,000 Narrow Self-Propelled Boom
Niftylift HR28H £85,000 - £120,000 Hybrid Cherry Picker
Genie Z-34/22 £55,000 - £80,000 Articulating Cherry Picker
JLG 450AJ £75,000 - £110,000 Compact Diesel Cherry Picker

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Tax benefits

A cherry picker is treated as plant and machinery for tax purposes, so it qualifies for the Annual Investment Allowance (AIA), letting a business deduct the full cost from taxable profits in the year of purchase, up to the current £1,000,000 annual limit. Companies buying new, unused equipment may also qualify for full expensing, a 100% first-year deduction against Corporation Tax. These allowances apply where you own the asset, so they are available under a Hire Purchase agreement. Under a Finance Lease or Operating Lease you do not own the cherry picker outright, so allowances are not claimed directly; instead the payments are generally deducted as a business expense against profits. Always confirm treatment with your accountant before committing to a structure.

Market context

Cherry pickers are bought by facilities management, tree surgery, construction and utilities businesses that regularly need to reach height for maintenance, pruning or installation work. Narrow and hybrid models have become popular for businesses working in tight urban or indoor spaces where a standard diesel boom cannot access. Ownership tends to make sense once a business uses a cherry picker often enough that hire day rates exceed the cost of financing, while occasional users are more likely to hire. Replacement is driven by hydraulic system wear and LOLER inspection outcomes, and the used market benefits from strong documentation standards across the UK access sector.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

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Frequently asked questions

Can I finance a used cherry picker?
Yes. As with other powered access equipment, lenders will want to see LOLER thorough examination and service history, which is a reliable guide to condition regardless of age. Hybrid and narrow-access models tend to hold value particularly well given growing demand for equipment that can work indoors and in restricted spaces. Whatever the age of the cherry picker, a clear paper trail showing how it has been maintained and used will always work in your favour when negotiating price and terms.
What term suits a cherry picker's working life?
4 to 6 years is common, reflecting hydraulic and structural wear under regular height work. Tree care and utilities businesses using a cherry picker daily often choose a shorter term, while facilities businesses with lighter, occasional use may extend it. Getting the term broadly right for a cherry picker matters more than chasing the lowest possible monthly payment, since a mismatch either strains cashflow early on or leaves you paying for a machine that has already become expensive to keep running.
Is a cherry picker eligible for Annual Investment Allowance?
Yes, a cherry picker qualifies as plant and machinery, so AIA applies up to the current annual limit under Hire Purchase, letting a business deduct the full cost from profits in the year of purchase. Leased machines don't attract AIA, but the rental is usually deductible as a business expense instead. It is worth confirming the treatment with your accountant at the point of purchase, since claiming the allowance in the year you buy the cherry picker rather than spreading relief over several years can make a real difference to that year's tax bill.
What happens at the end of the agreement?
HP gives full ownership once paid off. Finance Lease usually offers a balloon payment, continued rental, or return. Operating Lease is return-only, which suits businesses that like to move to newer hybrid or narrow-access models as they become more widely available. Which option suits best usually comes down to whether you expect to keep using this exact cherry picker for years to come, or whether you are likely to want a newer or different-specification machine within a few years.
Do I need a deposit?
Hire Purchase typically asks for 10-20% down. Finance Lease and Operating Lease usually require none. Hybrid models cost more upfront than standard diesel booms, so some businesses put down a larger deposit specifically to keep the monthly cost comparable. If cash is tight when the cherry picker is needed, ask the lender whether the deposit can be reduced in exchange for a marginally higher rate; this is often negotiable, particularly for an established trading business.

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