Concrete pump finance lets you fund a new or used line pump, boom pump or truck-mounted unit without tying up working capital. Facilities typically range from $20,000 to $10 million or more, with terms of one to seven years and structures suited to both established fleets and newer ABN holders.
What Counts As Concrete Pump Finance
Concrete pump finance covers funding for line pumps, boom pumps and truck-mounted pumping units, whether you're buying new, used or importing a rig. Lenders typically assess the equipment, your trading history and the deal structure together, and most facilities are arranged as chattel mortgage, finance lease or novated lease depending on how you plan to use and eventually own the asset.
Rates And What Drives Them
Indicative rates on concrete pump finance start from 6.55% p.a. for strong applications, rising to around 15% p.a. for higher-risk deals involving older equipment, thin trading history or lower-doc applications. Pricing reflects the age and type of pump, loan term, deposit, your credit profile and how the deal is structured, so two operators financing the same boom pump can land on quite different rates. Rates quoted are indicative only and subject to individual lender criteria, credit assessment, applicable fees, loan term and final approval.
Loan Amounts And Terms
Facilities generally range from $20,000 for a compact line pump up to $10 million or more for a fleet of boom pumps or specialised civil equipment, with terms typically running one to seven years. The purchase price of a concrete pump varies widely depending on its size, age, condition and specification, so it's worth getting an independent valuation on the specific unit you're considering rather than relying on a general figure. Matching the term to the pump's working life and your cash flow cycle helps keep repayments manageable without over-extending the facility beyond the asset's useful earning period.
Low-Doc, No-Doc And Deposit Options
Newer ABN holders or businesses without full financials may be able to access low-doc, lite-doc or no-doc finance up to $500,000, subject to lender criteria and approval, while established operators with full financials may be considered for facilities up to $10 million and beyond. No-deposit finance and structures funding up to 100% of the purchase price may also be available for qualifying applicants, which can help preserve working capital for fuel, hoses, boom maintenance and crew costs.
Repayment Structures To Consider
Repayments on concrete pump finance are usually fixed monthly instalments over the agreed term, though some facilities allow for balloon payments to lower monthly outgoings or seasonal repayment adjustments to match construction industry cash flow. Choosing between a chattel mortgage and a lease affects GST treatment, ownership timing and how the asset sits on your balance sheet, so it's worth discussing your accountant's preference before settling on a structure.
New Vs Used Pump Finance
Financing a new pump from a dealer may attract more competitive terms and longer amortisation, while used or private-sale pumps can still be financed but may involve closer scrutiny of the equipment's age, hours and service history. Either way, lenders want to see the pump's specifications and condition documented clearly as part of the application.
Get An Obligation-Free Quote
Overdrive Truck Finance compares options across 80-plus banks and non-bank lenders to help you find a concrete pump finance structure suited to your business. Pre-approval may be available quickly for eligible applications, though timing and outcomes are always subject to lender assessment and final approval. Enquiring is a soft credit check that won't affect your credit score, so reach out today for an obligation-free quote on your next line pump or boom pump.
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