Crane Truck Finance in Darwin for Construction & Civil Contractors

A chattel mortgage gives you ownership of the crane truck from settlement while the lender holds it as security, and GST-registered businesses can typically claim the GST on the purchase price through their BAS, with depreciation running through the business. It is the most common structure for established operators. A finance lease leaves legal title with the lender for the term, with set payments and a choice at the end of the term, and an operating lease lets you use the truck for an agreed term and hand it back at the end. Confirm your own tax position with your accountant.

Tax treatment depends on your business and the structure you choose. GST-registered businesses can typically claim GST credits on the purchase of a business asset through their BAS, and the cost can usually be depreciated over its effective life, but the ATO car limit applies to cars rather than most trucks, so check how it applies to your vehicle. Check the ATO guidance and confirm your own tax position with your accountant.

Some lenders on Equifund's panel can build repayments around how contract income actually flows, which suits construction and civil work that runs in stages rather than a steady monthly rhythm. The structure is subject to lender assessment of your file.

Equifund can arrange a refinance of an existing crane truck loan, which can restructure repayments or a balloon that is coming due, and sale and leaseback can release equity in a crane truck you own outright to help fund the next unit, subject to lender criteria.

A balloon or residual payment lowers your regular repayment by deferring part of the truck's value to the end of the term. Equifund can arrange it where the lender allows, structured around your replacement cycle so it does not catch you out.

Operating a vehicle loading crane rated at 10 metre-tonnes or more generally needs a high risk work licence, and licence classes and conditions can differ between states and territories, so check with NT WorkSafe or see the information from Safe Work Australia. Lenders do not set licensing, but holding the right licences and compliance records helps present a stronger application.

Settlement timing depends on the lender and how quickly contracts are signed and conditions are met, while pre-approval typically comes back inside 24 hours once your documents are together, subject to lender assessment. Your specialist will confirm the likely timeline for your deal.

A deposit is not always required. $0 deposit is available for prime applications, particularly established operators with active contracts and a strong credit history. Other applications may need a contribution, depending on the lender, the truck and its age.

Owning property is not always required. Many lenders on Equifund's panel assess the deal on contract income and the value of the truck rather than property security, subject to lender criteria.

Lenders look at your trading history, how consistent your income is across the year, your credit record, any deposit, and the crane truck itself. A strong application usually has an active ABN with a proven trading record, recent BAS or six to twelve months of bank statements, a clean credit and tax position, a quote or invoice for the truck and any contracts you hold. Equifund arranges finance for established businesses and does not arrange start-up finance.

Equifund can arrange multi-truck and fleet finance as a package under one facility rather than separate loans, which simplifies repayments and reporting, subject to lender assessment of the business.

You will need an active ABN, recent BAS or bank statements, the crane truck details or dealer quote, and any construction or civil contract you hold. Your specialist will confirm exactly what your lender match needs after a quick call.