Financing Your Tower Crane Investment

Our promise to you

Tower cranes are indispensable for high-rise construction and large-scale projects. However, financing such specialised, high-value equipment can be complex. We offer you tailored solutions that might include equipment finance, chattel mortgages, or leasing arrangements, depending on your project requirements.

Specialised Equipment Finance

Our finance options are designed specifically for heavy equipment investments, ensuring you get the terms that suit your operational needs.

Flexible Financing Structures

From outright purchase loans to lease and hire purchase options, we help structure your finance to match your cash flow and project timelines.

Expert Industry Knowledge

With years of experience in heavy equipment finance, our team understands the unique challenges and opportunities in financing tower cranes.

Competitive Rates & Tailored Terms

We work tirelessly to secure competitive rates and flexible repayment terms that suit your business needs.

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Are you located outside of Melbourne? Get in touch and we can help find the best solution for you, no matter where in Australia you’re located.

How it works

Our tower crane finance process

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Initial consultation

We begin with an in-depth discussion to understand your project, financial situation, and specific requirements for the tower crane.

Tailored Strategy Development

Based on your needs, we develop a customised finance strategy, outlining options such as equipment loans, chattel mortgages, or leasing structures.

Finance Sourcing & Comparison

We source competitive financing options and compare terms to present you with the best solutions available.

Application & Negotiation

We manage all documentation and negotiate on your behalf, ensuring a streamlined application process and favourable terms.

Settlement & Ongoing Support

After securing the finance, we guide you through settlement and provide ongoing support, including assistance with refinancing or adjusting terms as your project evolves.

What crane funding options are available in Melbourne?

Understanding Tower Crane Finance Options & Considerations

Every construction project has its unique demands, and so do its financing needs. Here are the key options and factors to consider when financing a tower crane:

Loan-to-Value Ratios (LVRs)

LVRs will influence the amount you can borrow relative to the value of the tower crane. We help determine a suitable borrowing level that aligns with your risk profile and project budget.

Repayment Structures

Consider whether an interest-only period during the initial phases of your project would be beneficial, or if fixed principal-and-interest repayments better suit your long-term cash flow.

Maintenance & Depreciation Considerations

Tower cranes are high-value assets that depreciate over time. Our finance solutions can be structured to reflect maintenance schedules and capital allowances, potentially offering tax benefits.

Government Incentives & Tax Benefits

While there are no direct grants for tower crane finance, various tax concessions and depreciation benefits may apply to heavy equipment investments.

We collaborate with your accountant to structure your finance in a tax-effective manner and ensure you leverage any available incentives.

Equipment Finance Options:

Chattel Mortgages - Often used for business equipment, a chattel mortgage allows you to claim depreciation benefits while using the tower crane as collateral.

Hire Purchase & Leasing Arrangements - These options let you spread the cost over time, with leasing providing flexibility to upgrade or exchange equipment as needed.
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Outright Purchase Loans - For those who prefer ownership from the start, traditional equipment loans can be structured with competitive rates and flexible terms.
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Frequently asked questions

Everything you need to know about securing tower crane financing in Melbourne.

What is tower crane finance?

Tower crane finance provides funding options specifically for purchasing, leasing, or refinancing tower cranes used in large-scale construction projects.

Who can apply for tower crane finance?

Typically, construction companies, property developers, and contractors involved in high-rise or large development projects can apply. Eligibility depends on your financial history, project feasibility, and asset valuation.

What types of finance options are available?

Options include equipment loans for outright purchase, chattel mortgages that allow for depreciation benefits, and leasing or hire purchase arrangements that offer flexible terms and potential upgrade options.

How do loan-to-value ratios work in tower crane finance?

LVRs determine the maximum borrowing amount relative to the value of the tower crane. We assess your situation to recommend an appropriate LVR that balances your borrowing needs with risk management.

What are the benefits of a chattel mortgage for tower cranes?

A chattel mortgage not only provides finance for your purchase but also allows you to claim depreciation on the asset, potentially reducing your taxable income over time.

Can I refinance my tower crane finance later on?

Yes, if your financial circumstances change or if you secure better market conditions, refinancing is an option. We can guide you through assessing and implementing a refinancing strategy.

What documentation is required for a tower crane finance application?

Typically, you’ll need detailed project plans, financial statements, asset valuations, and evidence of the tower crane’s specifications. We assist in preparing all necessary documentation to strengthen your application.

Are there any tax benefits associated with tower crane finance?

Financing a tower crane through options like chattel mortgages can offer tax advantages through depreciation and capital allowances. We work with your accountant to ensure your finance is structured in a tax-efficient manner.

Ready to Elevate Your Project?

Let us help you navigate the complexities of specialised equipment finance so you can focus on building your project.

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Browse our other services

Can't find exactly what you're looking for? Here are some other services that we provide that might be more suitable to your situation:

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An SMSF loan enables a Self-Managed Super Fund to borrow funds for acquiring investment properties or refinance existing SMSF debt.

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A bridging loan may be necessary to cover the financial gap when buying one property before your existing one is sold.

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Not sure what kind of loan you need?

The major benefit of using a broker to finance other large purchases besides property is obtaining finance that is tailored to fit your current financial circumstances and needs. With depreciating assets, the right finance can also potentially save you money on interest and fees, or potentially help you maximise your tax benefits. AND MORE – Not sure what kind of loan you need for your current financial circumstances? That’s our job. We deliver tailored finance solutions chosen from a panel of leading lenders, and give you peace of mind that your loan is working for you. Contact us today to find out all the ways we can help you.

Tower Crane Financing Solutions in Melbourne

Secure the Finance to Elevate Your Construction Projects