Boom lift finance
Boom lifts reach where scissors cannot, cost considerably more, and are funded by people who can evidence how many days a year they will be out.
Whole-of-market — 60+ lenders searched, including
Can you finance a boom lift?
Yes. Articulated and telescopic boom lifts are funded as hard plant, new or used, through funders who know the powered access sector. Niftylift, Genie and JLG machines all have a genuine international used market. The difference from a scissor lift is the ticket size, which means proper underwriting of the business rather than a quick score, and the difference from most plant is the certification burden: a boom lift carries statutory examination requirements and a machine with an incomplete inspection and service record is close to unsellable, whatever its condition looks like in the yard.
Used kit: Yes. Used boom lifts fund to around eight years where examination and service records are complete; older machines need a contribution.
Get a quoteor call 07581 364281
What would a boom lift cost per month?
Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
How lenders treat it
Boom lifts are strong security with a narrower market than scissors. The major brands sell internationally and rental demand is consistent, but each unit is worth more, buyers are mostly other hire companies and specialist contractors, and a repossessed machine needs certification before anyone will take it. Funders therefore weight the examination record heavily and will usually inspect anything older. Hire fleets get the best reception, funded on utilisation and rental book rather than on a single machine, and often through a facility covering staged deliveries. Battery and hybrid machines now hire better than diesel-only units on urban and indoor work, which is starting to show in residual assumptions. Tracked spider lifts are a niche within the niche, well understood by arb-sector funders but placed carefully elsewhere.
Makes and models we fund
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Niftylift HR17 | Self propelled articulated boom lift |
| Niftylift HR21 | Hybrid articulated boom lift |
| Niftylift HR28 | Large articulated boom lift |
| Genie Z-45 | Articulated boom lift for site access |
| Genie Z-60 | Larger articulated boom lift |
| Genie S-85 | Telescopic straight boom lift |
| JLG 450AJ | Articulated diesel boom lift |
| JLG 600AJ | Large articulated boom for high access |
| Hinowa Lightlift 20.10 | Tracked spider lift for restricted access |
| Teupen Leo 23GT | Compact tracked spider lift |
Get a quoteor call 07581 364281
Who buys one
Powered access hire companies, arboriculture and tree surgery firms, cladding and building maintenance contractors, sign and lighting installers, and utilities contractors working on overhead lines. The trigger is typically a contract type — repeat tree work, a maintenance framework, a run of cladding remediation — that needs reach over obstacles rather than a straight vertical lift, where hiring a boom weekly has become an unavoidable line in the costs.
Get a quoteor call 07581 364281
We publish the deals we arrange, with no client named and no rate quoted. See what we have funded in plant and construction.
How it is treated for tax
Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
Boom lift finance questions
Can a tree surgery business finance a boom lift?
Yes, and arb contractors are a well-recognised buyer type, particularly for tracked spider lifts. Funders look at the contract base — council frameworks, utility vegetation work or repeat commercial clients — because tree work can be seasonal. Evidence of year-round work strengthens the application considerably.
Are hybrid and electric booms easier to finance?
They are becoming the easier proposition on residual grounds. Urban and indoor sites increasingly specify low emission machines, so hire demand for diesel-only units is softening. Funders are starting to reflect that in the value they assume part way through an agreement, which favours battery and hybrid stock.
How do hire companies fund a boom lift fleet?
Normally through a facility or block agreement assessed on utilisation, average hire rates and fleet age, with each unit itemised by serial. That allows deliveries to be drawn down through the year without a fresh application each time. Funders who specialise in powered access are comfortable with this structure.
Is an inspection required on a used boom lift?
Usually yes on anything with age on it. The funder wants confirmation of condition, hours and that the examination history is complete, because certification is what makes the machine hireable. It is a routine part of the process on used powered access rather than a sign the application is in trouble.
Can I refinance boom lifts to fund fleet expansion?
Yes. Refinancing machines you own outright releases capital that can go towards new units, and it is a common way for access hire companies to manage fleet renewal. The funder values the existing machines and takes title. Complete examination and service records materially affect the amount available.
Get a quoteor call 07581 364281
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
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Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.