Lorry with Crane Financing Malaysia: Complete 2026 Guide

Running a construction or logistics business in Malaysia? A lorry with crane (also called a crane lorry or boom truck) is probably on your wish list. But when you see the price tag—RM 250,000 to RM 600,000 or more—paying cash upfront isn't realistic for most SMEs.

That's where lorry crane financing comes in. Let's break down how it works, what you need to qualify, and whether it's the right move for your business.

What is a Lorry with Crane?

A lorry with crane (boom truck) is a truck with a hydraulic crane mounted on the chassis. It's the workhorse for businesses that need to load, unload, and transport heavy materials—steel beams, machinery, construction materials, containers.

Common uses in Malaysia:

• Construction site material delivery
• Factory equipment relocation
• Shipping container handling
• Event setup (stages, lighting rigs)
• Infrastructure maintenance projects

Popular models include Hino, Isuzu, and Nissan chassis with Hiab or Palfinger cranes. Prices vary based on tonnage, crane capacity, and specifications.

Why Finance Instead of Paying Cash?

Here's the thing: a RM 400,000 lorry crane drains your working capital. For most Malaysian SMEs, that money is better used for daily operations—paying suppliers, covering payroll, bidding on new projects.

Financing lets you:

• Keep cash flowing: Spread the cost over 3-7 years instead of one lump sum
• Start earning immediately: Use the lorry crane to take on projects while still paying it off
• Claim tax deductions: Interest and depreciation are tax-deductible under LHDN
• Build business credit: Regular payments improve your credit profile for future financing

We get it—taking on debt feels risky. But if that lorry crane helps you win RM 50,000/month in new contracts, the numbers work out fast.

How Lorry Crane Financing Works

Most Malaysian finance companies (like us) offer hire purchase or equipment financing for commercial vehicles. Here's the typical setup:

The Basics

• Down payment: Usually 10-30% of vehicle price
• Loan tenure: 3-7 years (5 years is most common)
• Interest rate: 4.5-7.5% per year, depending on your credit profile
• Approval time: 48 hours for complete applications (yes, really)

Real Example: RM 400,000 Crane Lorry

Let's say you're buying a Hino 500 with a 5-ton crane for RM 400,000:

• Down payment (20%): RM 80,000
• Finance amount: RM 320,000
• Tenure: 5 years
• Interest rate: 6% per year
• Monthly payment: ~RM 6,200

If your lorry crane generates RM 15,000/month in revenue (very achievable for busy contractors), you're covering the payment with cash left over for fuel, maintenance, and driver salary.

What You Need to Qualify

Banks can be slow and picky. We know Malaysian businesses don't have time to wait weeks for approvals. Here's what we look for:

For SMEs and Companies

• Business registration (SSM, at least 1 year old)
• Bank statements (last 6 months)
• Financial statements (if available; not always required)
• Directors' IC and proof of address
• Quotation from supplier for the crane lorry

For Sole Proprietors

• IC and proof of address
• Business bank statements (6 months)
• EPF/income proof
• Existing contracts or order book (helps a lot)

Good news: Even if your CTOS isn't perfect, we work with you. Most banks reject immediately—we look at your business fundamentals instead.

Benefits of Financing Your Crane Lorry

1. Cash Flow Management

Instead of draining RM 400,000 from your account, you pay monthly while the lorry earns its keep. CNY, supplier payments, emergency repairs—you have buffer cash for everything.

2. Tax Advantages

Under Malaysia tax law, you can claim:

• Capital allowance: Depreciation on the vehicle (20% initial allowance + 20% annual allowance)
• Interest deduction: Financing interest is tax-deductible as business expense

Talk to your accountant—these deductions add up to serious savings every year.

3. Upgrade When Needed

Finish your 5-year financing? You can refinance or trade in for a newer model. Buying outright locks your cash for years—financing keeps you flexible.

4. Fast Approval

Banks take 2-4 weeks. We approve complete applications in 48 hours. When you've got a project starting Monday, that speed matters.

Common Scenarios: Who Benefits Most?

Construction Contractors

You've won a RM 2 million infrastructure project but need to move steel beams, scaffolding, and equipment daily. A crane lorry pays for itself in saved rental costs within 6-12 months.

Logistics Companies

Client needs container handling at their factory. Renting a crane truck costs RM 800-1,200/day. Buy your own, and those rental fees become profit.

Factory Owners

Moving machinery between facilities or delivering goods to clients. Crane lorries eliminate third-party logistics costs and give you control over scheduling.

Event Management

Concert stages, lighting rigs, exhibition booths—all need lifting and transport. A boom truck with crane turns your business from coordinator to full-service provider.

How to Choose the Right Crane Lorry

Don't just buy the cheapest option. Consider your actual needs:

Crane Capacity

• 3-5 ton crane: Light loads, delivery work, small machinery (RM 250k-350k)
• 8-10 ton crane: Construction materials, containers, factory equipment (RM 400k-500k)
• 15+ ton crane: Heavy infrastructure, large machinery, specialized projects (RM 600k+)

Chassis Size

• Light duty (5-ton GVW): Urban deliveries, tight spaces
• Medium duty (10-14 ton GVW): Most versatile for Malaysian roads
• Heavy duty (20+ ton GVW): Major infrastructure, highway-legal only

Crane Reach

Longer reach = more expensive. Budget RM 30k-50k extra per additional 5 meters of reach. Consider typical job site layouts—do you really need 20m reach, or will 12m do?

Frequently Asked Questions

Can I finance a used crane lorry?

Yes, but conditions apply. The vehicle typically needs to be less than 10 years old, and financing terms may be shorter (3-5 years max). Used lorries require thorough mechanical inspection—bring a mechanic before committing.

What if my CTOS score is low?

We look at the whole picture, not just credit scores. Strong cash flow, existing contracts, and collateral all help. Be honest about your situation—we've approved many businesses banks rejected.

Do I need insurance?

Yes, comprehensive insurance is mandatory during financing. Budget RM 12,000-18,000/year depending on vehicle value and usage. We can recommend insurers who understand commercial vehicles.

What about maintenance costs?

Factor in RM 3,000-5,000/month for fuel, servicing, and repairs. Crane maintenance is critical—hydraulic system failures are expensive. Choose brands with good after-sales support in Malaysia (Hino, Isuzu, Nissan).

Can I claim full loan payment as business expense?

No—only the interest portion is deductible. The capital repayment isn't, but you claim depreciation instead (capital allowance). Your accountant can optimize this for maximum tax savings.

How long does approval take?

If your documents are complete, we approve within 48 hours. After approval, disbursement takes another 3-5 working days. Total timeline: under 2 weeks from application to receiving your crane lorry.

What happens if I can't make payments?

Talk to us immediately. Repossession is a last resort—we'd rather restructure payments or find a solution. Don't disappear; communication keeps options open.

Getting Started: Next Steps

Ready to finance your lorry with crane? Here's the simple process:

1. Get a quotation: Contact crane lorry suppliers for exact specs and pricing
2. Prepare documents: Business registration, bank statements, IC copies
3. Apply for financing: Submit complete application to us
4. Get approved: 48-hour turnaround for most applications
5. Sign agreement: Review terms, sign, pay down payment
6. Receive vehicle: Supplier delivers within 1-2 weeks

Pro tip: Apply before you find the exact lorry. Pre-approval gives you negotiating power with suppliers and speeds up the purchase when you're ready.

Why Choose Ing Heng Credit?

We've financed hundreds of crane lorries for Malaysian businesses since 1989. Here's what makes us different:

• Fast approval: 48 hours, not 2-4 weeks
• Flexible terms: We work with less-than-perfect credit
• Industry understanding: We know construction and logistics cash flow challenges
• No hidden fees: Transparent pricing, clear terms
• Local expertise: Malaysian business, Malaysian solutions

Your crane lorry should help your business grow, not drain your cash reserves. Let's find a financing solution that works.