Manitowoc Finance

To get you in the field with the right equipment, Manitowoc Finance gives you access to flexible, affordable financing you can use to seize profitable new opportunities as they arise.
Call +1 610 386 5000

With Manitowoc Finance, equipment can be acquired with virtually no cash outlay, and unlike traditional lending, our financial products don't affect bank lines of credit. Our customers' capital resources remain intact for times when they need ready access to cash.

We offer special low, competitive rates, and customers can take advantage of flexible financing options and payment schedules that are adaptable to virtually any business need. Our financing agreements can be structured to help them make the best use of cash reserves and to compensate for seasonal business fluctuations - they can make lower payments when revenue drops or higher payments when business is at it's peak. With Manitowoc Finance, we structure our products to put our customers in control.

Benefits of Financing
There are plenty of good reasons to select Manitowoc Finance.

You can acquire the equipment you need with virtually no cash outlay. In most cases, all you need is a small down payment, or in the case of a lease, one payment in advance. 

Unlike traditional lending, Manitowoc Finance financial products don't affect your bank lines of credit. Your other capital resources remain intact for times when you need ready access to cash to subsidize growth or meet operational needs.

From flexible payment schedules to add-on equipment requirements during the life of the equipment, our financial solutions are variable enough to adapt to just about any business situation. 

Using the latest equipment technology can give you a decided edge in job site efficiencies, but today's equipment can look obsolete when compared to tomorrow's technology. Why settle for yesterday's level of efficiency? Working through Manitowoc Finance lets you upgrade to new and better equipment anytime during or at the end of the equipment contract term. 

Depending on the type of finance product you select, your payments may be treated as a fully deductible operating expense or you may depreciate the equipment. For a business needing to shelter income, this can be a huge benefit.

Our flexible financing options let you schedule your payments to fit fluctuations in cash flow. For businesses tied to seasonal fluctuations, your equipment agreement can be structured to provide seasonal payments when you have income. And, for construction situations that have fluctuating revenue streams, lower monthly payments when revenue drops, and higher payments when your business is at its peak combined with skip payments during those really slow months, may be the best use of cash reserves. Manitowoc Finance can match cash flow to fit your income streams whether annual, semi-annual, quarterly or monthly. 

We structure all of our products to put you in control. At the end of your agreement, you may choose to continue to lease the same crane equipment, lease new Manitowoc equipment or return the equipment. It's up to you. You make the choice.

Just about any piece of Manitowoc equipment that produces income or saves time and labor can be financed, including crawler cranes, mobile hydraulic cranes, tower cranes and boom trucks.

The best reason of all to use Manitowoc Finance…it's quick and easy!
In most cases, just one phone call is all it takes to get the process started. Depending on the transaction size, credit approval can take place in the same day, and if you have an existing line of credit, it's even faster. Call +1 610 386 5000

Financial Options

Plenty of Flexibility and Choice

Manitowoc Finance offers a wide range of financing and leasing solutions designed to meet varying business and worksite needs. Typically, terms range from 24 to 84 months depending on the cost and type of equipment. Some of our most popular financial products are featured below.

Full Payout Loan
With a Full Payout Loan, your company has fixed payments over the term of the contract while building ownership equity in the equipment over time.

Features Benefits
  • Level monthly payments
  • Depreciation and interest deductions claimed by borrower
  • Payment of equipment over time
  • Fixed costs aid budgeting
  • Borrower takes full advantage of tax benefits
  • Conserves working capital

Fixed Price Purchase Option
With an Fixed Price Purchase Option, your company may purchase the equipment at the end of the term for the amount specified at the beginning of the term or return the equipment to Manitowoc Finance.

Features  Benefits
  • Level monthly payments
  • Option to purchase for a fixed price
  • Payment of equipment over time
  • Fixed cost aids in budgeting
  • Operational ownership
  • Conserves working capital
  • Pay only for equipment use

Tax or True Lease (Fair Market Value)

A Tax and True lease is an operating lease in which your company may purchase the equipment for a fair market value at lease end, extend the lease or return the equipment to Manitowoc Finance.


Features  Benefits
  • Level monthly payments
  • Option to purchase for market price
  • Lessee may claim payments as expense
  • (subject to advice of counsel or accountant)
  • Pay only for equipment use
  • May provide planned replacement
  • Fixed costs aid budgeting
  • Operational ownership
  • May provide tax benefits and minimize or negate impact of AMT
  • Conserves working capital
  • At term end, equipment may be replaced with new unit
  • Lower monthly payments

Early Buyout Lease
With an Early Buyout Lease, your company experiences the benefit of a Tax or True Lease (FVM) and having a one-time option to purchase the equipment at a stated amount.

Features  Benefits
  • Level monthly payments based on FVM residuals
  • Option to purchase for a fixed price prior to end of lease term
  • Lessee may claim payments as expense (subject to advise of council or accountant)
  • Conserves working capital
  • Pre-determined purchase option 
  • Tax/True Lease Treatment
  • May provide tax benefits and minimize AMT
  • Option to return equipment at end of lease term

Equipment Types

You can finance just about any piece of Manitowoc or Manitowoc related equipment that produces income or saves time and labor including the following equipment types by Manitowoc, Grove, Potain, National Crane and Shuttlelift.

Lease vs Buy

Which is right for your business, a flexible financing structure or outright purchase? The right option for you depends on a number of questions and considerations revolving around your business, equipment needs and budget requirements.

For example, what will happen to the equipment’s value? Will it appreciate or depreciate over time? What will the value be at the end of the economic lifecycle? Will the crane technology you purchase today remain functional or become obsolete before the end of its useful life? Will the crane you need now satisfy your capacity and worksite requirements 2 years in the future? What about 4 or 6 years in the future? Can your capital or credit line be better used to leverage your financial returns? Which option provides the best tax advantage to you now and in the future?

If it’s equipment that will increase in value and can be acquired without impacting your capital, consider buying it. But, most equipment needs are not so easily met, so that’s where Manitowoc Finance can help.

Manitowoc Finance's team of construction financing professionals offer proven industry experience wrapped around the highest level of service quality.  This deep commitment to our customers is the reason why we've been so successful providing flexible financial solutions to the construction industry.  Our knowledgeable industry specialists are ready to provide you with the products and services you need to meet your business goals and keep you competitive.