Potain
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Mehmi Financial Group helps businesses finance and lease Potain equipment, including cranes, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Potain units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Potain
Potain tower cranes are built by Manitowoc, which launched the Potain MDLT 1109, the largest Potain built for Europe, as reported by Heavy Equipment Guide.
Potain equipment
Potain top-slewing, luffing and self-erecting cranes are used on residential towers, hospitals and commercial builds.
What lenders look at
Tower crane lenders review project backlog, erection and dismantle costs, and inspection records.
Financing Potain equipment
Potain cranes are often financed by crane rental firms against a pipeline of projects.
How Potain equipment financing works
Most Potain purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
Potain equipment we help finance
Financing Potain cranes
Cranes are among the most specialized assets lenders review. Expect questions about crane type and capacity, inspection and certification records, boom and rigging condition, and the contracts or rental demand the crane supports. Insurance and operator certification are typically confirmed before funding. Because values depend heavily on condition and documentation, a recent inspection report can make a real difference to how a lender views the file.
Potain cranes on our eligible equipment list include Potain MCT 488 Tower Crane, Potain MDT 489 Tower Crane and Potain MR 608 Luffing Tower Crane.
What lenders check on a Potain crane
Lenders look at machine hours, service records, undercarriage or tire condition, and whether the unit is tied to contracts or a steady work program. Used machines with strong resale demand are usually easier to finance than specialized units.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Potain models with financing pages
| Model | Type | Category |
|---|---|---|
| Potain | Equipment | Construction |
| Potain MCT 488 Tower Crane | Crane | Construction |
| Potain MDT 489 Tower Crane | Crane | Construction |
| Potain MR 608 Luffing Tower Crane | Crane | Construction |
Tax treatment of Potain equipment
In Canada, power-operated movable equipment used to excavate, move, place or compact earth, rock, concrete or asphalt generally falls in CCA Class 38. Confirm the class for your exact asset with your accountant. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a Potain lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Potain equipment
Construction: general contractors, excavation and site-prep firms, road builders, utility contractors, landscapers, demolition companies and equipment rental fleets finance Potain equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and hours?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Potain equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance a Potain tower crane?
Yes.
Who makes Potain?
Manitowoc.
Can a self-erecting crane be financed?
Yes.
Can erection costs be included?
Some lenders include them.
Can used Potain cranes be financed?
Yes, with inspection.
Does project backlog matter?
Yes.
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