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Tower Erection Kit Finance

Spread the cost of tower and mast erection rigging equipment from £10,000 to £60,000+ with flexible finance options: HP, lease or refinance. Compare rates from 40+ lenders.

Can you finance a tower erection kit?

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

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Typical Cost

£10k – £60k

Approval Speed

24 hours

Same-day for < £20k

Rates From

7.6% APR

What would a tower erection kit cost per month?

£28,000
10%
60 months
9%
£0

Your estimate

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

Pre-filled with a typical tower erection kit price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 8.2% APR
Term
24–48 months
Deposit
10–20%
Ownership
Yours at the end
Best for
A rigging contractor building a permanent fleet of erection kit for repeat tower installation work

Finance Lease

Rate
From 7.6% APR
Term
24–48 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Bundling gin poles, winches and rigging hardware into one deductible payment for a specific rollout

Operating Lease

Rate
From 8.8% APR
Term
18–36 months
Deposit
None required
Ownership
Return at end
Best for
Contractors matching kit to a fixed-term tower build framework without long-term ownership commitment

Representative example

On a purchase price of £28,000: a 10% deposit of £2,800, then 48 monthly payments of £591 at 5.9% APR representative (fixed). Total amount payable £31,168, 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
Gin Pole & Rigging Set £10,000 – £22,000 Manual Tower Erection Kit
Powered Winch & Hoist System £15,000 – £35,000 Powered Erection Kit
Modular Guyed Mast Erection Kit £25,000 – £60,000 Guyed Tower Kit
Site Support Trailer (tools, cable, rigging store) £8,000 – £20,000 Mobile Rigging Support Unit

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Tax benefits

Gin poles, winches, hoists and rigging hardware qualify for the Annual Investment Allowance, so a cash or HP purchase can be deducted from taxable profit in the year of purchase. Lease payments are deductible in full as they're paid. Certification, load testing and inspection of lifting equipment are recurring safety costs and sit outside the equipment finance agreement.

Market context

Tower erection kit is bought by rigging and civils contractors that build, extend and dismantle telecoms masts and towers for network operators and tower infrastructure companies, usually under a rollout or maintenance framework agreement. Because contractors are appointed to a specific programme of work with a defined start and end, many finance erection kit over a term matched to that programme rather than to the equipment's mechanical life, which is considerably longer for well-maintained rigging hardware. Lifting equipment used for tower work is subject to routine inspection and load testing, and a contractor's kit is typically replaced or refurbished on that inspection cycle rather than run until it visibly fails.

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 tower erection kit finance be matched to the length of a rollout contract?
Yes, this is a common structure. A finance or operating lease term set to match a specific tower build or rollout framework means payments track the contract that's generating the revenue, rather than committing to a longer schedule that outlasts the work. At the end of the contract you can hand equipment back, extend the lease into a new framework, or move on to hire purchase if you decide to keep building a permanent fleet.
Does the finance cover load testing and certification of lifting equipment?
No, the finance agreement covers the physical equipment, such as gin poles, winches and rigging hardware, supplied by an equipment dealer. Load testing, thorough examination and recertification are ongoing safety requirements carried out by a competent person or inspection body and are treated as a running cost separate from the finance agreement, even though they're essential to keeping the kit legally usable.
Can I finance a used gin pole and winch set?
Yes, most lenders will finance well-maintained used rigging equipment from a dealer or another contractor, provided it comes with a current inspection certificate or thorough examination record. Given how safety-critical this equipment is, expect the lender to place more weight on documented condition and test history than they would for less safety-sensitive plant.
How quickly can tower erection kit be approved for finance?
Most applications are approved within 24 hours, and orders under £20,000 are often approved the same day given a clean credit history and a clear supplier quote. Larger orders covering a full modular guyed mast kit, or multiple sets for a bigger rigging team, can take a little longer while the lender reviews the specification.
Will a lender finance erection kit for a newly formed rigging contractor?
It's possible, though expect closer scrutiny than an established contractor would face, particularly around evidence of the tower build contract or framework driving the purchase and the competency of the team using safety-critical lifting equipment. A deposit, personal guarantee, or a copy of the call-off order can all help a newer business get approved.

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