Financing a Mobile Crane Truck in Australia

Yes — You Can Finance a Mobile Crane Truck

If you're planning to purchase a mobile crane truck, you can absolutely finance it — even if your ABN is new, your business is small, or you’re expanding your fleet for the first time. With most mobile crane trucks costing between $180,000 and $250,000, financing is the smartest, most cash-efficient way to secure the equipment.

Applying through a broker gives you a much better chance of fast approval. Banks rarely understand crane trucks and often apply rigid rules that slow everything down. A broker already knows which lenders specialise in lifting equipment, how to structure your application, and how to avoid unnecessary enquiries on your credit file — which leads to faster turnaround times and stronger results.

Why Mobile Crane Trucks Are High-Value Commercial Assets

Mobile crane trucks are indispensable in construction, transport, rigging, steel erection, infrastructure projects, pre-fabricated building delivery, HVAC installation, and machinery repositioning work. Their ability to lift, move and transport loads makes them more versatile than a standalone crane or rigid truck.

Operators choose mobile crane trucks because they offer:
• increased operational flexibility
• on-site lifting without separate crane hire
• faster job completion
• reduced labour requirements
• higher commercial demand

Because these trucks directly generate contract income, lenders categorise them as strong commercial assets — improving approval rates.

Finance Options Designed for Crane & Construction Operators

Most operators choose between chattel mortgages, commercial leases and rent-to-own structures. These finance options preserve cashflow and allow your crane truck to start generating revenue immediately.

If you're running a small business or require flexible, low-doc approval options, explore the Small Business lending pathway here:
https://financetheride.com.au/pages/small-business-car-loans

For larger operations financing multiple trucks, trailers or construction assets, our Equipment Finance category gives access to lenders specialising in commercial equipment and heavy vehicles:
https://financetheride.com.au/pages/equipment-finance-australia-fast-low-doc-equipment-loans

Perfect for Operators Working Across Multiple Industries

Mobile crane trucks are used by construction companies, rigging specialists, transport operators and industrial contractors. Many of these businesses also finance excavators, loaders, tippers, telehandlers or site vehicles.

If you’re financing a crane truck as part of a larger fleet upgrade, lenders may allow all assets to be bundled into a single low-doc commercial facility. More details are available here:
https://financetheride.com.au/pages/construction-earthmoving-equipment-finance-australia-low-doc-abn-loans

Companies transporting agricultural machinery or assisting regional contractors may benefit from flexible agricultural lending pathways here:
https://financetheride.com.au/pages/agricultural-farming-equipment-finance-australia-low-doc-abn-loans

Why Using a Broker Gets You Better Crane Truck Finance Results

Mobile crane trucks are complex assets with significant lifting capacity, specialised mounting systems and high commercial value. Most banks lack experience assessing these vehicles correctly, which leads to delays or declines.

A broker ensures:
• your application is sent to crane-friendly lenders
• faster approvals
• fewer credit enquiries
• better loan structures
• repayment terms that match your workflow
• smooth private-sale or dealer purchases

This is why most operators in the crane and transport industry use brokers rather than applying directly.

Ready to Finance Your Mobile Crane Truck?

Start with a quick eligibility check. It’s fast, completely obligation-free and won’t affect your credit score. The right finance structure turns your mobile crane truck into a high-earning asset that supports long-term business growth.

 

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.

Back to blog

Useful Information

1 3

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.

What’s the difference between secured and unsecured car loans?

Secured loans use the car as collateral, often leading to lower interest rates. Unsecured loans don’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. You’ll need to provide extra documents.

Do government employees get lower interest rates on car loans?

Yes — 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 I’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 you’ve worked consistently for 6+ months.

Can I apply if I’m self-employed with an ABN?

Yes. Consider a low-doc loan.

Can Centrelink be used as income?

Yes, when paired with PAYG income.

What’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 it’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?

It’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 — ask if there’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?

24–48 hours in most cases

Can I apply online?

Yes — 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 — 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?

Yes, in some cases. see finance for visa holders here.

Do I need a driver’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 — 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?

Yes — see nurse-specific finance tips.

Can teachers apply while on contract?

Yes. Read how to get approved.

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 — consistency in income matters more than job location.

Can I apply if I’m on maternity leave?

Yes, especially if you’re returning to work. Here’s how.

Can I use car finance to buy interstate?

Yes — 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 I’ve been bankrupt before?

Yes — see bad credit car loan options.

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

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