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CW Asset Finance | Vehicle & Equipment Finance Yorkshire

← All finance questions

Can I finance a mobile CCTV tower?

Yes. Mobile CCTV towers, rapid deployment cameras and solar-powered surveillance units can be funded, typically on hire purchase or lease. They are serial-numbered, self-contained and movable, which helps, but they sit in a smaller niche than mainstream plant so the field of interested lenders is narrower.

How you intend to use the tower matters a great deal. If you are buying one to secure your own sites, it is assessed as ordinary business equipment. If you are buying towers to hire out to third parties, lenders treat that as a hire-fleet proposition and look at it quite differently — see the next answer.

Practical points to raise with your supplier before you arrange funding: the connectivity and monitoring subscription, the monitoring station contract if you use one, maintenance and battery replacement, and insurance while the unit is deployed on other people’s sites. Those running costs sit outside the finance agreement and continue for as long as you own the tower.

The equipment remains the lender’s security. If payments stop it can be recovered, including from a customer’s site, which is awkward if you have hire commitments running. Every application is underwritten by the lender.

Thinking about it for your own business?

Tell us what you are looking to fund and we will search our panel of 60+ lenders. No credit search at this stage, and indicative decisions in as little as 24 hours.

CW Asset Finance is a credit broker, not a lender. Finance is subject to status and lender approval.