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Crawler Crane Finance

Crawler cranes typically cost £180,000 to £700,000+ for mid-capacity machines; most UK contractors and crane hire firms finance them through HP or lease rather than tying up working capital.

Can you finance a crawler crane?

Yes, crawler cranes 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 £180,000 to £700,000, and most deals are written over 36–84 months with a deposit of around 15–25%. Decisions typically take 5–10 working days. Used machines are financeable too, usually with a shorter term.

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Typical Cost

£180k – £700k

Approval Speed

5–10 working days

Full underwriting for higher-value units

Rates From

5.6% APR

What would a crawler crane cost per month?

£350,000
10%
60 months
9%
£0

Your estimate

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

Pre-filled with a typical crawler crane price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 6.0% APR
Term
36–84 months
Deposit
15–25%
Ownership
Yours at the end
Best for
Crane hire firms and heavy contractors wanting to own the crane outright

Finance Lease

Rate
From 5.6% APR
Term
36–84 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient; claim 100% of payments against profit

Operating Lease

Rate
From 6.5% APR
Term
36–60 months
Deposit
None required
Ownership
Return at end
Best for
Businesses wanting to keep heavy-lift capacity off balance sheet

Representative example

On a purchase price of £350,000: a 10% deposit of £35,000, then 48 monthly payments of £7,383 at 5.9% APR representative (fixed). Total amount payable £389,384, 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
Compact lattice-boom crawler crane, 40–80 tonne class £180,000 – £320,000 Compact Crawler Crane
Mid-capacity crawler crane, 100–150 tonne class £320,000 – £550,000 Mid-Capacity Crawler Crane
Heavy-lift crawler crane, 200 tonne class and above £550,000 – £700,000+ Heavy-Lift Crawler Crane

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Tax benefits

A crawler crane is plant and machinery for tax purposes, so it qualifies for the Annual Investment Allowance, letting a business deduct the full cost from taxable profits in the year of purchase, up to the current £1,000,000 limit, where bought under Hire Purchase. Under a Finance Lease or Operating Lease you do not own the crane outright, so the rental payments are generally deducted as a business expense against profits instead.

Market context

Crawler cranes are bought mainly by specialist crane hire companies and major contractors who need very high lifting capacities on infrastructure, energy, and large-scale construction projects, since the crawler tracks give a crawler crane the ground bearing and stability a wheeled crane cannot match on soft or uneven ground. Finance is common because these are among the most expensive individual items of plant a contractor will buy, and spreading the cost protects capital needed elsewhere across a project. Replacement is driven mainly by certification, hours run, and thorough examination and inspection history rather than a fixed age, since a well-maintained crawler crane can remain productive for decades. A crawler crane cannot be driven on public roads and must be transported and rebuilt on each site, which puts it closer to a tower crane than a mobile crane on the moveable-plant spectrum, and the used market reflects that: thinner, more specialist, and driven heavily by documented condition and provenance rather than age alone.

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 crawler crane?
Yes, though the secondary market is smaller and more specialised than for wheeled mobile cranes. Lenders will want a full thorough examination and inspection history, hours run, and confirmation the crane meets current safety standards before agreeing terms. Because resale values depend heavily on documented condition and provenance, expect a slightly higher deposit or rate than for a new crane and a longer valuation process.
How is a crawler crane different from a mobile crane for finance purposes?
A crawler crane cannot travel on public roads under its own power; it has to be broken down, transported by low-loader, and rebuilt on site, which makes each relocation a significant job in itself. A mobile crane, by contrast, is road-legal and moves between sites far more easily. Lenders view a crawler crane as closer to site-specific heavy plant than fully mobile equipment, which can mean a longer underwriting process for higher-value machines.
What term suits a crawler crane?
Most businesses spread the cost over five to seven years, reflecting the crane's long working life and the scale of infrastructure and construction contracts it typically supports. A term that is too short can strain cash flow between major projects; too long risks paying for a machine whose certification or capacity needs have moved on. Lenders usually match the term to your trading pattern and expected utilisation.
Do I need a deposit for crawler crane finance?
Hire purchase typically asks for 15–25% down, reflecting the size of a typical crawler crane deal and its more specialist resale market compared with a mobile crane. Finance lease and operating lease agreements usually need no deposit at all, since the funder retains ownership throughout. A larger deposit will reduce the monthly cost meaningfully given how much capital is involved.

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