Concrete Pump Finance From Lenders Who Get It

Financing a concrete pump

Concrete pumps are specialised, expensive and often truck-mounted, which puts them in a different category to a standard ute or digger. A boom pump on a truck chassis is effectively two assets in one, and lenders assess both the pumping unit and the truck underneath.

That's why the choice of lender matters more here than with most equipment. Some lenders are comfortable with pumps and understand how they earn. Others treat them as niche and price accordingly. We know which is which.

Who concrete pump finance suits

Types of pump we fund

Typical terms

Common ranges, not promises. Every lender sets its own policy, and specialist gear narrows the field.

• Term: often three to seven years. The age of both the truck and the pump at the end of the term can cap it.
• Balloon: common, to keep repayments manageable while the rig builds up work.
• Deposit: not always needed for established operators. New businesses and older or imported rigs are more likely to need one.
• Structure: chattel mortgage is the most common, with finance leases also used. See chattel mortgage, lease or rental.
• Paperwork: full doc for larger rigs and newer businesses, low doc for established operators on smaller amounts.

An example repayment

What lenders look at

Your experience

Time running pumps, whether as an owner or an operator, counts for a lot, particularly for a new ABN.

The work behind it

Regular work with builders and concreters, or contracts in place, shows the lender how the repayments will be met.

The rig itself

Age, hours, pump brand and the condition of the truck. Imported or older units can narrow the field, so a service history and an inspection report help.

Registration and inspections

Boom pumps generally need plant registration and periodic inspections under work health and safety rules, on top of the truck's own registration. Current paperwork shows the lender the rig is compliant and can keep earning.

Your financials

Full doc with tax returns, or low doc on your ABN, BAS and bank statements if your books are behind.

Structuring the deal

One loan or two

The truck and the pump can be funded together or separately, depending on how they were bought. Together is usually simpler.

Balloon

A balloon lowers repayments while the pump builds up work. Just plan for the lump sum at the end. More in balloon payments explained.

Used and imported units

Plenty of pumps change hands privately or come in from overseas. Both can be financed, with extra checks on ownership, compliance and value.

Lines, hoses and fitout

Pipeline, hoses, remote controls and other gear bought with the rig can often go on the same invoice and the same loan. Adding them later usually means a separate application.

What to have ready

• ABN, entity details and GST registration status
• Recent BAS lodgements and business bank statements
• Financials and tax returns if you are going full doc
• A summary of your pumping experience and the work lined up
• A quote or tax invoice for the rig and any gear to be funded with it
• Serial numbers, hours, service history and any inspection report on a used rig
• Plant and vehicle registration details

Concrete pump finance questions

Need the truck or trailer separately? See truck loans and trailer finance, or browse equipment finance.

Guides worth reading

• Buying used machinery: what to check before you pay
• Truck finance: what lenders look at for heavy vehicles
• Chattel mortgage, hire purchase, lease or rental
• Balloon payments explained
• Equipment finance for tools, machinery and vehicles
• Five things that quietly wreck a loan application