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Spider Crane Finance

Spread the cost of a spider crane from £24,000 to £85,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a spider crane?

Yes, spider 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 £24,000 to £85,000, and most deals are written over 24–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

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2-minute application
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Typical Cost

£24k – £85k

Approval Speed

24–48 hours

Same-day for < £30k

Rates From

5.5% APR

What would a spider crane cost per month?

£40,000
10%
60 months
9%
£0

Your estimate

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

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

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Finance options

Hire Purchase (HP)

Rate
From 6.0% APR
Term
24–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Access and lifting specialists wanting to own the crane outright

Finance Lease

Rate
From 5.5% APR
Term
24–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient; claim 100% of payments against profit

Operating Lease

Rate
From 6.4% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
Businesses wanting to upgrade capacity as contracts change. Off balance sheet.

Representative example

On 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.

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
Micro spider crane, sub-1 tonne capacity, doorway-width access £24,000 – £32,000 Micro Spider Crane
Compact spider crane, around 3 tonne capacity £32,000 – £50,000 Compact Spider Crane
Mid-capacity spider crane, around 6 tonne capacity £55,000 – £85,000 Mid-Capacity Spider Crane

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Tax benefits

A spider 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 £1,000,000, under Hire Purchase. Finance Lease and Operating Lease payments are instead deducted as a business expense against profits as they fall due.

Market context

Spider cranes, also known as mini crawler cranes, are bought by glazing contractors, shopfitters, landscapers, and specialist lifting and access hire companies who need to lift loads inside buildings, through standard doorways, or across ground too soft or uneven for a wheeled crane. Finance suits this equipment because a spider crane is genuinely self-propelled and remote-controlled plant that a business can move between many different jobs under its own power, unlike a crane that has to be erected on site. Replacement is driven mainly by hours run and track and hydraulic wear rather than age, and by contractors moving up in capacity as the range of jobs they take on grows. Being narrow, tracked, and fully self-propelled, a spider crane sits close to the mobile crane end of the lifting spectrum rather than anything erected in place, which keeps a UK and European used market active for well-maintained units.

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 spider crane?
Yes. Spider cranes have an active used market given how widely they are used across construction, glazing, and events work. Lenders will typically ask for hours run, service history, and confirmation the tracks and hydraulics are in sound condition, with older or higher-hours machines sometimes requiring an independent inspection before terms are confirmed.
What makes a spider crane different from other mini cranes for finance purposes?
A spider crane is fully tracked and remote-controlled, with outriggers that spread out like legs for stability, which makes it narrow enough to pass through standard doorways while still lifting a meaningful load. Lenders assess it in the same way as other self-propelled plant, but its specialist application in access-restricted lifting means the pool of buyers is smaller and more specific than for a general mobile crane, which can affect how quickly a lender is able to value a used unit.
What deposit is typical for a spider crane?
Most hire purchase agreements ask for 10–20% deposit, with finance leases sometimes available with none required for an established business. Given the relatively modest ticket size compared with larger mobile or crawler cranes, approval on a straightforward deal is usually quick once trading details and a supplier quote are provided.
Can a start-up lifting or access business finance its first spider crane?
Yes, though a business without trading history will typically be asked for a personal guarantee and possibly a larger deposit than an established operator would face. Because spider cranes hold their value reasonably well and are a well-understood asset for specialist lenders, this is generally one of the more accessible pieces of lifting equipment for a new contractor to finance.

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