BUSINESS LENDING HUB

Crane Truck Finance: Financing Mobile Cranes within Your Equipment Fleet

Why Crane Trucks Are a Cornerstone of Construction Fleets

Crane trucks are among the most versatile machines on a job site โ€” combining heavy lifting power with transport flexibility. From moving steel and precast panels to assisting in residential and commercial builds, a well-equipped crane truck saves time, labour, and multiple hires.

However, the purchase price โ€” often between $150,000 and $400,000 โ€” can make financing essential for most contractors. Thatโ€™s where crane truck finance helps construction operators access the assets they need without tying up capital.

With a low-doc construction and earthmoving loan, ABN holders can fund mobile crane vehicles or truck-mounted cranes quickly and with minimal paperwork, keeping their projects moving and cash flow healthy.


How Low-Doc Crane Truck Finance Works

Low-doc crane truck loans are structured so that the vehicle itself acts as the primary security โ€” making it easier for small businesses and contractors to qualify. These loans donโ€™t require full financials, which means approvals are faster and more flexible.

With low-doc equipment finance, you can:

  • Fund new or used crane trucks from Australian or imported brands

  • Include accessories like stabilisers, hooks, or service setups

  • Choose balloon or seasonal repayment options

  • Access pre-approval within 24 hours

This type of finance is ideal for operators expanding into mobile crane work or upgrading an older fleet unit to meet project standards.


What Youโ€™ll Need to Apply

To secure low-doc crane truck finance, you generally only need:

  • An active ABN

  • A supplier invoice or quote

  • Proof of insurance and identification

  • A simple overview of business operations or projects

Lenders assess the deal primarily on asset value and business activity, not on detailed profit-and-loss statements โ€” allowing you to focus on keeping projects running smoothly.


Pairing Crane Truck Finance with Fleet Vehicle Loans

Many crane operators and construction firms also run utes or service vehicles for site inspections, crew transport, or light material handling. Thatโ€™s where small business car loans come in. These can be financed alongside your crane truck to simplify repayments and ensure your entire fleet is covered under a cohesive funding plan.


By financing your crane truck through a low-doc loan, you gain the flexibility to grow your operations, bid for larger projects, and modernise your fleet โ€” all without waiting for complex bank approvals. For construction businesses that depend on efficiency, itโ€™s a lift in the right direction.

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DISCLAIMER

The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.

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All Your Questions Answered

What is a car loan and how does it work?

A car loan is a finance product where a lender provides funds for you to purchase a vehicle, which you repay over time with interest.

Whatโ€™s the difference between secured and unsecured car loans?

Secured loans use the car as collateral, often leading to lower interest rates. Unsecured loans donโ€™t, but usually have higher rates.

What loan terms are available for car finance?

Most car loans offer terms from 3 to 7 years. Find out what term suits you best.

How is interest calculated on a car loan?

Interest is based on the loan amount, term, and rate. Fixed-rate loans have predictable repayments, while variable rates can change.

Can I get a car loan for a private sale?

Yes, many lenders accept private sellers. Youโ€™ll need to provide extra documents.

Do government employees get lower interest rates on car loans?

Yes โ€” many lenders offer better rates due to your stable income. Explore finance options for government employees.

Can I apply for a car loan while on probation?

Yes. Many workers are approved during probation.

What credit score do I need as a government employee?

A score of 650+ is ideal, but lower scores may still be considered.

Are corporate professionals eligible for low-rate finance?

Yes, especially if you're full-time with strong income.

Can I get car finance with a novated lease?

Yes, many government departments support novated leasing.

Can I get a car loan with no credit history?

Yes, it's still possible to get a car loan with no credit history.

What if Iโ€™ve been declined elsewhere?

A broker can help restructure your application for better results.

How do I check my credit score?

Use Equifax, Experian, or Illion for a free check.

Can I get finance if I have a current personal loan?

Yes, if your income supports both loans. A broker will assess your capacity.

What documents do I need to apply?

Typically: ID, payslips, and bank statements.

Can casual workers get car loans?

Yes, if youโ€™ve worked consistently for 6+ months.

Can I apply if Iโ€™m self-employed with an ABN?

Yes. Consider a low-doc loan.

Can Centrelink be used as income?

Yes, when paired with PAYG income.

Whatโ€™s the minimum income to qualify for car finance?

Most lenders prefer $30,000+ annually, but this varies.

Can I apply on a fixed-term contract?

Yes, especially if itโ€™s government-backed.

Can I finance a used car?

Yes, most lenders allow used cars under 10 years old.

Can I get a loan for an SUV or family car?

Absolutely

Can I finance a caravan or motorbike?

Yes

Can I finance an EV or hybrid car?

Yes. You may even qualify for green car loan discounts.

Can I use my car for both work and personal use?

Yes you can.

What is a balloon payment?

Itโ€™s a lump sum due at the end of the loan term.

Can I make extra repayments?

Yes, many lenders allow this without penalty.

Can I pay off the loan early?

Yes โ€” ask if thereโ€™s an early payout fee.

Is there a deposit required?

Not always.

What loan terms are available?

1 to 7 years is standard.

How long does approval take?

24โ€“48 hours in most cases

Can I apply online?

Yes โ€” most lenders and brokers accept online applications.

Is a broker better than going direct?

Often, yes. They can compare lenders for you.

Can I get pre-approved?

Yes โ€” and it gives you better negotiating power at the dealership.

What happens after I apply?

Your documents are reviewed, and if approved, the lender issues funds to the seller.

Can I get a loan with a visa?

Do I need a driverโ€™s licence to apply?

Yes, but learners may qualify with a co-applicant.

Can I apply with someone else?

Yes, joint applications are allowed.

Can I refinance my current car loan?

Yes โ€” it can lower your repayments or get you a better rate.

Can I trade in my old car as a deposit?

Yes, many lenders accept trade-ins toward the deposit.

Can nurses get car finance?

Can teachers apply while on contract?

Do defence personnel get special car loan rates?

Yes, in some cases. Your job security is a major advantage.

Can FIFO government workers apply?

Yes โ€” consistency in income matters more than job location.

Can I apply if Iโ€™m on maternity leave?

Yes, especially if youโ€™re returning to work. Hereโ€™s how.

Can I use car finance to buy interstate?

Yes โ€” just make sure the seller provides all required documents.

Can I finance a car from an auction?

Yes, but only through select lenders. Ask your broker first.

Will applying hurt my credit score?

Only if you apply to multiple lenders directly. Brokers help protect your score.

Can I get a car loan if Iโ€™ve been bankrupt before?

What if I want to upgrade my car before the loan ends?

You can sell the car, pay off the loan early, or refinance.