trucks · Equipment & asset finance
Crane truck finance
The crane is as valuable as the truck under it. We make sure both are on the one contract and the term reflects how long the whole unit will earn.
What is crane truck finance?
Crane truck finance is funding for a truck fitted with a hydraulic knuckle-boom or stiff-boom crane, secured against the vehicle. Crane trucks deliver and place steel, pallets, machinery and building materials across Australia, and the crane itself often represents a third or more of the total value.
Crane trucks solve a specific problem: getting heavy items off the truck and into position without a separate crane or forklift on site. Steel merchants, plumbing and building suppliers, landscape suppliers and machinery movers all rely on them, and the ability to self-unload is what wins the delivery work in the first place. It also removes the need to book a crane or forklift at the receiving end, which shortens every delivery cycle.
When buying, the crane specification drives everything. Lift capacity at your typical working radius, the number of boom extensions, and whether a remote control and winch are fitted determine what jobs the truck can take. Because the crane is an appreciable share of the value, lenders treat it as part of the security and want it documented properly. Speak to your broker before ordering so the truck, crane and any body all settle on one facility.
Crane truck finance at a glance
| Typical price range | $90,000 – $500,000 |
|---|---|
| Finance term | Up to 84 months |
| Useful life | About 15 years |
| New or used | Used crane trucks are common and financeable when crane service records exist; new builds suit operators needing a specific lift capacity and reach. |
| Indicative rates (Chattel mortgage) | 6.9% – 14.5% p.a. · rate history |
| Finance structures | Chattel mortgage (recommended), Truck finance, Equipment loan |
How lenders assess crane truck finance
Lenders value the truck and the crane together, and will usually want the crane make, model, capacity and inspection status recorded on the contract. A current crane inspection or compliance certificate is often requested before settlement. Cranes fitted to a truck you already own can generally be financed as an upgrade against the vehicle. Established transport and construction supply businesses are funded on standard terms; first-time buyers may need a deposit. Age limits normally require the truck to be under 15 years at the end of the term.
Before you buy
- Ask for the crane’s service and inspection history separately from the truck’s — they are maintained by different people and often neglected.
- Check the load chart at reach: a 10-tonne-metre crane lifting at full extension does far less than the headline rating suggests.
- Look at slew bearing play, hose condition and outrigger pads, which are the common wear points on a working knuckle boom.
Commonly financed
Palfinger PK 23002 on Isuzu FVZ · Hiab X-HiPro 232 on Hino 500 · Fassi F275 on Kenworth T359 · Effer 175 on Fuso Fighter · PM Serie 20 on Iveco Eurocargo
Estimate crane truck repayments
- Number of repayments
- 60
- Balloon at end of term
- $59,000
- Total interest (est.)
- $83,507
- Total repaid (est.)
- $378,507
This calculator provides an estimate only and does not account for fees, charges or the specific terms a lender may offer. It is not financial advice or an offer of finance.
Key terms
What is crane truck finance?
Crane truck finance is a secured loan or lease used to buy a truck fitted with a hydraulic crane, with the complete unit as security. Terms usually run 48 to 84 months and the crane is funded together with the truck and body on one contract.
What does tonne-metre mean on a truck crane?
Tonne-metre is a rating that multiplies the load by the distance from the crane’s centre. A 20 tonne-metre crane might lift 10 tonnes at 2 metres but only 2 tonnes at 10 metres, so always check the load chart at the radius you actually work at.