Is Digger Finance right for me?
When you choose to invest in your Digger / Excavator fleet you have a few choices – either rent, finance or buy your digger excavator with cash.
However with the cost of some new diggers topping £250000, buying outright with cash is not an option for most businesses. Even if they have spare cash, it is a lot of cash to tie up in a purchase that could be spread over terms of up to 10 years.
If you choose to finance your digger excavator there may be several reasons that led you to this decision.
- Ownership – you may decide that owning the crane at the end of the finance is the right thing to do, alternatively you may want to hand it back. Digger Leasing or Excavator Leasing may be appropriate in some circumstances.
- Tax savings – depending on the finance package chosen, there may be tax advantages in financing your next digger.
- Choice of suppliers – when you choose to finance a crane, you are free to choose your supplier and not limited to just one.
- Fixed repayments – you are certain of your monthly commitments at the start of the facility, giving you certainty.
- Choice of either a New or Used digger excavator – with the rise in cost of used diggers and excavators, the financing of used equipment is very popular.
Can you help a Digger Excavator Hire Company ?
Yes, whether you use diggers or excavators as part of your business or hire them out to other businesses , we can help with your finance requirements.
Mini Digger and Micro Digger Finance available?
Yes, definitely Mini Diggers and Micro Diggers can be financed too subject to meeting the lender’s criteria. We arrange mini digger finance uk and also used digger finance.
Digger Finance Calculator & Excavator Finance Calculator
It’s very difficult to provide an accurate indication on the costs of financing diggers and excavators. Several variables including client financial strength, value and age of the road sweeper together with amounts of deposit available all contribute to how our lenders price their facilities. Please get in touch for more information on pricing.
Some of our lenders will also consider clients that require digger finance with bad credit or new start business.
Don’t forget as we have over 40 lenders on our panel we will often be more competitive with finance than a Construction Equipment supplier.
Frequently Asked Questions About Digger Finance
What is digger finance?
Digger finance or excavator finance allows construction businesses to fund new or used diggers through structured finance agreements—spreading cost over months or years instead of paying in full upfront.
Who can benefit from digger finance?
Business owners, contractors, and equipment hire companies needing mini, micro, or large diggers can access finance—often including lenders open to new businesses or those with less-than-perfect credit.
Why choose finance over buying or leasing?
Cash flow preservation – avoid tying up capital
Flexible terms – ownership at the end of the term or handback options
Budget predictability – fixed monthly repayments
Tax relief potential – structured properly the finance package may offer tax advantages
Can I finance mini and micro diggers?
Yes, mini and micro digger finance is available, subject to lender criteria. These compact machines are commonly financed alongside full-size excavators.
How long are the finance terms?
Terms vary widely—anywhere from 1 to 10 years—depending on machinery value, business credit strength, deposit size, and lender policies.
Is bad credit a barrier to digger finance?
Not always. Some specialist lenders work with businesses with poor credit or limited trading history, though rates and terms may be affected accordingly.
New vs. used digger finance — which is better?
Both options are available:
New diggers tend to qualify for longer terms and more competitive rates.
Used diggers also financeable, though interest rates might be slightly higher depending on age and condition.
How do lenders assess digger finance applications?
Lender criteria typically include:
Business financial history and creditworthiness
Equipment value, make, model, age
Desired deposit amount
Chosen finance term
How fast can I get funds?
Once approved, finance is often in place quickly—when working with brokers, like us, who have access to 50+ specialist lenders, competitive offers and fast funding are common.
Do you only help finance Diggers ?
No, at Business Finance Direct we are a broker dealing with over 40 specialist lenders. Our lending panel lets us help businesses from a wide variety of sectors to get the finance they need for their purchases. We can help clients arrange finance for Vehicles, Machinery, Commercial Property and to assist with cash flow fluctuations. Construction sector factoring is often used by construction companies to improve cashflow conditions.
We offer a Free, no obligation service so please do get in touch and let us help you.