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Owneship Vs Usership 15 April 2021 Sotiris Kanaris speaks to crane finance providers about the market and finds that certain products are gaining popularity. Unlike other equipment finance markets, the one for cranes does not have many captive finance companies. This does not mean that it is not highly competitive, as a number of bank asset finance divisions and independent funders are present and keen to provide finance to crane buyers. Cranes have strong residual values and this is a parameter finance companies pay particular attention to. “A crane is typically a very well-maintained piece of equipment that has to meet stringent H&S testing on a regular basis, which helps protect its residual value,” Andrew Sagar, MD of UK-based Close Brothers Asset Finance’s Construction & Recycling. “In addition, the supply chain tends to be longer than with other standard yellow metal assets, helping residual values remain strong because the assets are in demand.”

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