Crane Finance

Spread the cost of cranes from £50,000 to £2,000,000+ with flexible finance options. HP, lease, or refinance — compare rates from 40+ lenders.

Typical Cost

£50k – £2000k

Approval Speed

48 hours – 5 days

Faster for sub-£250k deals

Rates From

From 3.8% APR

Finance options

Hire Purchase (HP)

Rate: From 4.2% APR
Term: 24–84 months
Deposit: 10–20%
Ownership: Yours at the end
Best for: Crane hire companies wanting to own the asset outright

Finance Lease

Rate: From 3.8% APR
Term: 24–84 months
Deposit: None required
Ownership: Return or buy (balloon payment)
Best for: Tax-efficient — claim 100% of payments against profit

Operating Lease

Rate: From 4.8% APR
Term: 36–72 months
Deposit: None required
Ownership: Return at end
Best for: Access the latest crane technology. Off balance sheet.

Representative example

Borrow £350,000 over 48 months at 5.9% APR (fixed). Monthly repayment: ~£7,283. Total amount payable: ~£349,584. Rates depend on your circumstances.

Popular models

Model	Price Range	Type
Liebherr LTM 1060-3.1	£400,000 – £650,000	60t Mobile Crane
Tadano GR-300EX	£200,000 – £350,000	30t Rough Terrain Crane
Potain MCT 88	£150,000 – £250,000	Tower Crane
Kato CR-250Rv	£180,000 – £300,000	25t City Crane

Tax benefits

Cranes qualify for Annual Investment Allowance (AIA), letting you deduct the full purchase cost from taxable profits in year one — up to £1,000,000. For purchases above the AIA limit, writing-down allowances apply at 18% per annum. Lease payments are fully deductible from profits.

Market context

The UK crane hire market is worth £1.4bn annually. Over 4,500 mobile cranes are registered in the UK. The market is expected to grow 5% year-on-year, driven by HS2, nuclear new build, and wind farm construction.

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. Our eligibility check uses a soft search only — no impact on your credit score.

Frequently asked questions

Can I finance a used crane?

Yes. Most lenders finance used cranes up to 15 years old, given proper maintenance records. An independent engineer's report and valuation are typically required. Rates for used cranes are typically 0.5–1.5% higher than new.

What deposit do I need?

For hire purchase, most lenders ask for 10–20% deposit. Finance leases and operating leases may require no deposit. Given the high values involved, a larger deposit can significantly improve your rate and terms.

How quickly can I get crane finance?

For standard deals, approval is typically within 48 hours to 5 working days. Cranes over £500k may require more detailed credit assessment, taking up to 2 weeks for full approval.

Do I need to have been trading for a minimum period?

Most lenders require 3+ years of trading history for crane finance, given the high values involved. A strong balance sheet and evidence of existing contracts significantly improve your chances of approval.