Construction hoists cost from around £15,000 for a single materials hoist to £55,000 for a twin-car passenger and goods hoist, usually financed by main contractors on multi-storey projects.
Yes, hoists 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 £15,000 to £90,000, 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.
Typical Cost
£15k – £90k
Approval Speed
24–48 hours
Same-day for straightforward deals
Rates From
5.4% - 9.9% per annum
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical hoist price. Indicative only, not a quote.
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Check EligibilityOn a purchase price of £40,000: a 10% deposit of £4,000, then 48 monthly payments of £844 at 5.9% APR representative (fixed). Total amount payable £44,512, including the deposit. The rate you are offered depends on your business and the asset.
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 |
|---|---|---|
| Goods-Only Hoist, up to 2,000kg | £15,000 - £25,000 | Materials Hoist |
| Single Car Hoist, up to 1,000kg | £18,000 - £30,000 | Single-Car Passenger/Goods Hoist |
| Twin Car Hoist, up to 3,200kg | £35,000 - £55,000 | Twin-Car Passenger/Goods Hoist |
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Check EligibilityA construction hoist 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 construction hoist 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.
Construction hoists are bought by main contractors and specialist hoist companies working on multi-storey buildings, where moving people and materials vertically by stair or crane alone would slow the project significantly. Twin-car passenger and goods hoists are typically used on larger residential and commercial towers, while single materials hoists suit smaller or lower-rise projects. Ownership tends to make sense for contractors with a consistent pipeline of multi-storey work, since the mast sections and car units are reusable across projects, while occasional users typically hire. Replacement is driven by wear to the drive mechanism and safety systems rather than a fixed age.
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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