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Patient Hoist Finance

Spread the cost of patient hoists from £1,200 to £9,000 with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a patient hoist?

Yes, patient 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 £1,200 to £9,000, and most deals are written over 12–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

200+ UK lenders
2-minute application
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Typical Cost

£1k – £9k

Approval Speed

24–48 hours

Same-day for single hoists under £5k

Rates From

4.5% APR

What would a patient hoist cost per month?

£3,200
10%
60 months
9%
£0

Your estimate

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

Pre-filled with a typical patient hoist price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 4.9% APR
Term
12–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Care providers wanting to own mobile hoists outright

Finance Lease

Rate
From 4.5% APR
Term
12–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate
From 5.2% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
Keep a hoist fleet current without capital outlay

Representative example

On a purchase price of £3,200: a 10% deposit of £320, then 48 monthly payments of £68 at 5.9% APR representative (fixed). Total amount payable £3,584, 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
Mobile Patient Hoist (170-190kg SWL class) £1,200 – £2,800 Mobile Hoist
Mobile Patient Hoist (bariatric, 250kg+ SWL class) £2,500 – £4,500 Mobile Hoist
Portable Ceiling Track Hoist (single-room, gantry-mounted class) £2,800 – £4,800 Ceiling Hoist
Fixed Ceiling Track Hoist System (multi-room H-track class) £4,000 – £9,000 Ceiling Hoist

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Tax benefits

Mobile patient hoists are moveable plant and generally qualify for the Annual Investment Allowance (AIA), letting a care provider deduct the full cost from taxable profits in the year of purchase, up to £1,000,000, subject to the normal AIA rules. Ceiling track hoist systems are usually fixed into the building fabric, so a fixed system can be treated as part of the building or as an integral feature rather than as general plant, which changes the allowances position, an accountant should confirm the correct treatment before purchase. HP gives access to capital allowances directly; lease payments are normally deductible from profits as a business expense.

Market context

Patient hoists are bought mainly by care homes and domiciliary care providers registered with the Care Quality Commission in England, alongside the equivalent regulators in Scotland, Wales and Northern Ireland, and inspection outcomes feed into both occupancy and how comfortable a lender is with a provider's trading position. Much of this equipment is bought to meet an individual resident's assessed moving and handling need rather than as a discretionary upgrade, so the purchase is often urgent and timed around an admission or a change in a resident's condition. Mobile hoists are treated separately from ceiling track systems: a mobile hoist moves between rooms and residents, while a ceiling hoist is installed into a specific room and is usually specified alongside refurbishment or a new build. An active used and refurbished market exists for mobile hoists, supported by routine LOLER inspection and servicing that keeps provenance and safe working load visible to buyers.

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 both mobile and ceiling track hoists?
Yes. Lenders finance mobile hoists in the same way as other moveable care equipment, and most also finance ceiling track hoist installation, though a fixed system is sometimes bundled with a wider room fit-out rather than financed as a standalone asset. Because a ceiling hoist is fixed into the building, some lenders ask who owns the property before setting terms, particularly where the provider leases rather than owns the care home. Mobile hoists carry no such complication and are financed in the same way as other portable moving and handling equipment.
Can I finance used or refurbished hoists?
Yes. Most lenders finance used mobile hoists that have a current LOLER inspection certificate and a clear service history, typically up to around 8 years old depending on condition. Refurbished hoists from certified medical equipment suppliers, resprayed and re-certified with new slings, are generally easier to finance than privately sourced used equipment because provenance and safe working load are already documented. Ceiling track systems are less commonly financed second-hand since they are usually removed and reinstalled by a specialist installer rather than resold as a standalone unit.
What deposit do I need?
For hire purchase, most lenders ask for a 10-20% deposit on mobile hoists. Finance leases and operating leases typically require no deposit at all, which matters where the purchase is urgent and tied to a specific resident's care plan rather than a planned budget item. A larger deposit reduces the monthly payment and can help where a provider is financing several hoists, or a fleet replacement, at once.
How quickly can hoist finance be approved?
Most hoist finance applications are approved within 24-48 hours, and same-day approval is common for a single mobile hoist under £5,000. Because hoists are often bought to meet an urgent moving and handling need, lenders working in the care sector are used to a fast turnaround, but a full ceiling track installation involving building work will still need a site survey before a final finance figure is confirmed.
Does my CQC registration affect the finance I can get?
Lenders active in the care sector generally look at a provider's Care Quality Commission registration status and trading history as part of assessing an application, alongside the usual affordability checks. A stable inspection history and clear registration make it easier to arrange finance quickly, but the specific weight any lender places on inspection outcomes varies, and equivalent registration with the relevant regulator in Scotland, Wales or Northern Ireland is treated the same way. It is worth asking a broker which lenders are most comfortable with your particular circumstances before applying.

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