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Marine Crane Finance

Spread the cost of marine deck cranes from £15,000 to £120,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a marine crane?

Yes, marine 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 £15,000 to £120,000, and most deals are written over 24–84 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

£15k – £120k

Approval Speed

24–48 hours

Same-day for < £50k

Rates From

5.2% APR

What would a marine crane cost per month?

£45,000
10%
60 months
9%
£0

Your estimate

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

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

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Finance options

Hire Purchase (HP)

Rate
From 5.5% APR
Term
24–84 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Operators wanting to own the crane outright

Finance Lease

Rate
From 5.2% APR
Term
24–84 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim the full lease payment against profit

Operating Lease

Rate
From 5.9% APR
Term
24–60 months
Deposit
None required
Ownership
Return at end
Best for
Off balance sheet, avoids exposure to resale risk

Representative example

On a purchase price of £45,000: a 10% deposit of £4,500, then 48 monthly payments of £949 at 5.9% APR representative (fixed). Total amount payable £50,052, 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
1–3 Tonne Folding Hydraulic Deck Crane (spec class) £18,000 – £32,000 Compact Folding Deck Crane
5 Tonne Hydraulic Deck Crane (spec class) £30,000 – £55,000 Mid-Capacity Deck Crane
10 Tonne Telescopic Deck Crane (spec class) £50,000 – £85,000 Telescopic Deck Crane
16 Tonne+ Offshore Support Crane (spec class) £75,000 – £120,000 High-Capacity Offshore Crane

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Tax benefits

Marine cranes used for business qualify for Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in the year of purchase, up to £1,000,000. HP agreements let you claim capital allowances on the crane; lease payments are generally deductible in full against profits.

Market context

Marine deck cranes are bought by workboat and offshore support operators, marina and harbour authorities, and fish farm and aquaculture businesses handling cargo, gear or stores at sea or dockside. Where a crane is being fitted to a coded vessel, the added weight and lifting capacity form part of the vessel's stability and load assessment, so a certifying authority may need to review the installation alongside the crane manufacturer's certification. A crane fitted to a mobile vessel carries the same jurisdictional and recovery caution as the vessel itself in a lender's eyes, whereas a dockside or quay-mounted crane is treated more like fixed industrial lifting equipment. Load testing certificates and service history have a bigger bearing on used value than the crane's age.

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

Does fitting a crane affect my vessel's MCA coding or stability assessment?
It can. Adding a deck crane changes a vessel's weight distribution and top-heaviness, so a stability assessment may need updating and, depending on the coding category, a certifying authority may need to review the installation. It's worth checking this before finance is finalised, since a lender will want confirmation the vessel remains compliant once the crane is fitted. Getting a naval architect or the crane manufacturer to confirm the installation's effect on stability in writing is a sensible step before ordering, and can also speed up the lender's own assessment of the application.
Can I finance a dockside crane the same way as a deck-mounted one?
Yes, though a fixed dockside or quay crane is generally underwritten more like standard lifting equipment, since it isn't a mobile asset in the way a vessel-mounted crane is. This can mean slightly more flexible terms for a shore-based crane compared with one fitted to a boat that could, in principle, be moved or sold with the vessel. Site ownership or a long lease over the land the crane sits on also matters to a lender, in the same way mooring rights matter for a pontoon.
Do I need a current load test certificate to get finance?
For a used crane, most lenders will want to see a recent thorough examination and load test certificate, which is a legal requirement for lifting equipment in any case. A crane without current certification is treated as higher risk and may need repair or re-certification before finance is approved. Building the cost of an overdue examination into your budget upfront, rather than discovering it during underwriting, will keep the application on schedule.
What deposit should I expect?
Hire purchase deals typically ask for 10–20% deposit. Finance and operating leases can often be arranged with no deposit at all. Financing the crane alongside the vessel it's being fitted to, where relevant, can sometimes improve the overall terms compared with financing it as a standalone item. A recent load test certificate and clear evidence of the vessel's stability review will also generally support a lower deposit.

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