Equipment Financing
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Axiant Partners finances all major crane and lifting equipment brands — Terex, Manitowoc/Grove, Liebherr, Genie, and 200+ more. 0% down for qualified borrowers. Terms 36–84 months.
- ✓ 0% down for qualified borrowers
- ✓ All crane and aerial lift brands
- ✓ New and used equipment
- ✓ Crane rental companies and owners
- ✓ Decision in 24–48 hours (small) / 3–10 days (large cranes)
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Terex Equipment Financing — Complete Crane Model Guide
Every Terex RT rough terrain crane, AC all-terrain crane, and HC crawler crane with 2024 prices, used values, and Terex Financial Services terms. Terex Corporation (Norwalk, CT) — NYSE: TEX. Compared vs Manitowoc and Liebherr.
Key Facts: Terex Equipment Financing
- Parent Company: Terex Corporation (NYSE: TEX) | HQ: Norwalk, Connecticut
- Crane Brands: Terex Cranes (RT, AC series) and Demag (large AC, CC series)
- Genie Subsidiary: Aerial lifts — see Genie Aerial Lift Financing
- OEM Financing: Terex Financial Services (TFS)
- Crane Price Range: $250,000 (RT30) to $3,000,000+ (AC 700-9)
- Best Seller RT: RT 100US at $500,000–$650,000 | Best Seller AC: AC 100-4L at $850,000–$1,100,000
- Primary Customer: Crane rental companies, industrial contractors, power/utility operators
About Terex Corporation
Terex Corporation (NYSE: TEX) was founded in 1933 under various predecessor companies and assembled its current form through decades of acquisitions. Headquartered in Norwalk, Connecticut, Terex is a publicly traded global equipment manufacturer with operations in construction equipment, cranes, and materials processing. The company's most significant acquisitions include Genie Industries (aerial work platforms, 2002), Demag Mobile Cranes (Germany, 2002), and various materials processing businesses.
The Terex crane business encompasses rough terrain cranes (RT series), all-terrain cranes (AC series), and the premium Demag brand for the largest crane categories. Terex cranes are manufactured in facilities in Germany (all-terrain and Demag), the United States (rough terrain), and other global locations. The RT series is specifically designed for North American construction and industrial applications, while the AC series competes in the global all-terrain market dominated by Liebherr.
Crane financing is substantially different from standard construction equipment financing. Cranes in the $500,000–$3,000,000 range require commercial bank-level credit analysis, detailed business financial statements, and often collateral cross-referencing across the borrower's existing equipment portfolio. The primary buyers of large cranes are professional crane rental companies, industrial contractors, and power/utility operators — businesses that typically have established banking relationships and finance cranes as part of fleet capital programs rather than one-off transactions.
Terex RT-Series Rough Terrain Crane Financing
| Model | Capacity | Boom Length | HP | New Price | Used Price |
|---|---|---|---|---|---|
| RT 30 | 30 ton | 80 ft | 150HP | $250,000–$320,000 | $100,000–$160,000 |
| RT 45 | 45 ton | 105 ft | 185HP | $310,000–$400,000 | $124,000–$200,000 |
| RT 60 | 60 ton | 105 ft | 230HP | $370,000–$470,000 | $148,000–$235,000 |
| RT 80 | 80 ton | 126 ft | 280HP | $450,000–$575,000 | $180,000–$288,000 |
| RT 100US | 100 ton | 142 ft | 350HP | $520,000–$660,000 | $208,000–$330,000 |
| RT 130 | 130 ton | 157 ft | 402HP | $620,000–$790,000 | $248,000–$395,000 |
| RT 180 | 180 ton | 178 ft | 450HP | $760,000–$965,000 | $304,000–$483,000 |
Terex AC-Series All-Terrain Crane Financing
| Model | Capacity | Main Boom | Axles | New Price | Used Price |
|---|---|---|---|---|---|
| AC 40 | 40 ton | 100 ft | 2-axle | $480,000–$610,000 | $192,000–$305,000 |
| AC 55L | 55 ton | 148 ft | 3-axle | $620,000–$790,000 | $248,000–$395,000 |
| AC 80-2 | 80 ton | 174 ft | 4-axle | $760,000–$965,000 | $304,000–$483,000 |
| AC 100-4L | 100 ton | 197 ft | 4-axle | $880,000–$1,120,000 | $352,000–$560,000 |
| AC 200-1 | 200 ton | 262 ft | 5-axle | $1,400,000–$1,800,000 | $560,000–$900,000 |
| AC 350-6 | 350 ton | 328 ft | 7-axle | $1,900,000–$2,400,000 | $760,000–$1,200,000 |
| AC 700-9 | 700 ton | 394 ft | 9-axle | $2,500,000–$3,200,000+ | $1,000,000–$1,600,000 |
Terex vs Manitowoc/Grove vs Liebherr — Crane Financing Comparison
| Criterion | Terex RT 100US | Grove GRT8100 | Liebherr LTM 1100-5.2 |
|---|---|---|---|
| Crane Type | Rough Terrain | Rough Terrain | All-Terrain |
| Capacity | 100 ton | 100 ton | 100 ton |
| New Price | $520,000–$660,000 | $560,000–$720,000 | $1,100,000–$1,400,000 |
| US Lender Recognition | Very good | Best — strong brand in US | Very good (higher price point) |
| 5-Year Resale | 45–55% | 48–58% | 52–62% (strongest resale) |
| OEM Financing | Terex Financial Services | Manitowoc Finance | Liebherr Finance |
| US Manufacturing | Waverly, IA (RT series) | Shady Grove, PA | Ehingen, Germany |
| Road Mobility | Off-road only | Off-road only | Highway speed — true all-terrain |
| Used Market Depth | Good | Best N. American crane used market | Very good (international) |
| Best For | Best value RT crane, US-made | Best resale value RT crane | Best resale, highway mobility |
Terex Financial Services — Crane Financing Details
Terex Financial Services (TFS) is the OEM captive lender for Terex cranes, Genie aerial lifts, and Terex construction equipment in North America. For crane transactions, TFS operates through the authorized Terex crane dealer and distributor network. Given the price range of Terex cranes — typically $250,000 to $3,000,000+ — the financing process is substantially more involved than standard compact equipment financing.
For RT-series rough terrain cranes ($250,000–$750,000), TFS typically requires 2 years of business financial statements, a detailed equipment schedule, and business bank statements. For AC-series all-terrain cranes ($480,000–$3,200,000+), full commercial credit analysis is standard — including 3 years of CPA-prepared financial statements, personal financial statements from all major owners, detailed project pipeline, and often an appraisal of the business as a going concern for very large transactions. Approval timelines for crane transactions range from 3 business days (smaller RT cranes) to 2–3 weeks (large AC cranes).
Alternative financing sources for Terex cranes include commercial banks with heavy equipment specialties (PNC Equipment Finance, Regions Equipment Finance, Pacific Western Equipment Finance), insurance company lenders (TIAA, Principal), and institutional equipment finance companies. For used Terex cranes, auction finance programs through IronPlanet and Ritchie Bros. provide rapid acquisition financing at the point of auction purchase.
Financing Options for Terex Cranes
| Financing Type | Provider | Best For | Typical Terms |
|---|---|---|---|
| OEM Loan | Terex Financial Services | New cranes through dealers | 48–84 months, competitive rates |
| OEM Lease | Terex Financial Services | Operating lease, rental companies | 36–60 month operating lease |
| Commercial Bank | PNC, Regions, Pacific Western, TIAA | Best rates, established companies | 60–84 months, prime +0.5–2% |
| Specialty Heavy Equipment | ENGS, First Western, Beacon | Faster approval, mid-size cranes | 48–72 months, slightly higher rate |
| Auction Finance | IronPlanet Finance, Ritchie Bros. Auctioneers | Used crane auction purchase | 36–60 months, point-of-sale |
| SBA 504 | SBA-approved lenders | Long-term, lower monthly payment | 120 months, below-market rate |
Ready to Finance a Terex Crane?
Get matched with lenders who specialize in Terex rough terrain and all-terrain cranes — from RT30 starter cranes to AC 700-9 ultra-large all-terrain models. Note: Genie aerial lifts (also Terex) are covered at our Genie Financing page.
Frequently Asked Questions — Terex Equipment Financing
What crane product lines does Terex manufacture?
Terex Corporation manufactures cranes through two primary brands: Terex Cranes and Demag. Terex Cranes produces rough terrain cranes (RT series: 30–600 ton), all-terrain cranes (AC series: 40–700 ton), and crawler cranes (CC series). Demag (acquired by Terex in 2002) is the premium brand for large all-terrain cranes and crawler cranes at the highest capacity ranges. Together, Terex and Demag cranes are among the three top crane brands globally alongside Liebherr and Manitowoc. Terex also owns Genie Industries (aerial work platforms) and Franna (pick-and-carry cranes for Australian/Asia-Pacific markets).
What financing does Terex Financial Services offer for cranes?
Terex Financial Services (TFS) is the OEM captive lender for Terex cranes, aerial lifts, and construction equipment in North America. TFS offers standard loans (36–84 months), operating leases, and finance leases for new Terex equipment. For Terex cranes — which range from $250,000 to over $3 million — TFS typically requires 2–3 years of business financial statements, a detailed equipment schedule, and bank statements. Large crane transactions ($1M+) typically involve direct TFS credit team review rather than the automated approval process used for smaller equipment. Promotional rates are available at CONEXPO and trade association events.
How does financing for large cranes differ from standard equipment loans?
Large crane financing (above $500,000) is significantly more complex than standard equipment loans. Key differences include: (1) Documentation — lenders require 2–3 years of CPA-prepared financial statements, detailed equipment schedules, and often personal financial statements from all major owners; (2) Approval timeline — large crane transactions typically require 3–10 business days for credit review versus same-day for small equipment; (3) Down payment — crane transactions of $500K–$2M+ typically require 10–20% down even for established businesses; (4) Lender type — most large crane transactions are handled by commercial banks, specialized heavy equipment lenders, or direct OEM financing rather than standard independent equipment finance companies.
How does Terex crane resale compare to Liebherr and Manitowoc?
In the large crane market, Liebherr consistently commands the strongest resale values — particularly for all-terrain cranes (LTM series) and crawler cranes (LR series). Manitowoc (Grove brand for rough terrain and all-terrain cranes, Manitowoc brand for crawler cranes) holds the second-strongest position. Terex cranes generally hold comparable resale to Grove in the rough terrain segment but slightly less in the large all-terrain categories where Liebherr dominates. A 5-year-old Terex RT 100US retains approximately 45–55% of new value. A comparable Grove GRT8100 retains 48–58%. Both are above the 40% industry average for large specialized equipment.
Can rental companies finance Terex cranes?
Yes. Crane rental companies are the primary buyers of Terex RT-series, AC-series, and CC-series cranes, and the financing market for crane rental operators is well developed. Major crane rental companies (Maxim Crane Works, TNT Crane and Rigging, Deep Down) finance new cranes through Terex Financial Services, commercial banks with specialty equipment divisions, and institutional equipment lenders. Equipment utilization history and current backlog are key underwriting factors — a crane rental company with strong utilization data ($50,000–$100,000 per month in revenue per crane) can typically finance new cranes at favorable LTV ratios with competitive rates.
What is the difference between Terex RT, AC, and CC crane series?
Terex RT (Rough Terrain) cranes are single-engine, four-wheel drive cranes designed for off-road mobility and lift operations on construction sites ($250,000–$750,000, 30–600 ton capacity). They are the most common Terex crane for general construction and industrial work. Terex AC (All-Terrain) cranes are multi-axle cranes with independent suspension and can travel on public roads at highway speeds while offering greater lift capacities than RT cranes ($600,000–$3,000,000+, 40–700 ton). Terex CC (Crawler Crane) and Demag CC series are track-mounted cranes for the highest capacity lifts (100–3,000+ ton) used in heavy industrial, power plant, and infrastructure projects.
Related Equipment Financing Pages
Compare crane and lifting equipment financing: Genie Aerial Lift Financing (Terex subsidiary), Manitou Telehandler Financing, JLG Equipment Financing, and All Construction Equipment Financing.