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Jlg T500J Towable Boom Lift Financing

JLG T500J Towable Boom Lift Financing

Financing Program

  • Priced on the asset — platform height, hours, resale strength
  • Application-only up to $500,000
  • New, used, dealer, auction, or private party
  • Numbers back the same business day

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The Program

Fifty feet of platform height, a jib on top of the articulating boom, and it tows behind a pickup. The T500J is the step up from the T350 in JLG's towable line, and the jib is what makes it different from the T350 at similar height. The jib gives the operator an additional reach point above the main boom, letting the platform swing above and over obstacles that the T350's basic articulating configuration could not clear. At 50 feet, that jib is the tool for reaching over parapets, HVAC equipment, and structural elements that would otherwise require a repositioning of the entire trailer.

The machine tows on a standard ball hitch, deploys self-leveling outriggers, and requires no CDL or oversize transport permit for most of the routes contractors run. The engine is gasoline-powered, which makes the machine suitable for use in semi-enclosed and outdoor areas where diesel fumes are a concern. Platform capacity is 300 pounds, a single operator configuration.

New T500J units price somewhere in the $45k–$60k band depending on configuration. Used low-hour examples in good condition can approach $40,000 or more. Our financing floor is $50,000. A new T500J typically clears the floor on its own. A used unit may need to be packaged with a second machine, a trailer package, or related equipment to reach the minimum. We close in roughly two weeks from application, recent bank statements, one-page app, B and C credit welcome.

Platform height of 50 feet. Working height of 56 feet. The primary boom articulates in the standard up-and-over pattern. The jib mounted above the main boom head adds approximately 3 to 4 feet of secondary articulation that lets the platform angle into positions the main boom cannot reach cleanly. For an operator working in a 50-foot height band with irregular access, that jib is the capability that justifies stepping up from the T350.

Horizontal reach at the base platform configuration is approximately 28 feet. With the jib extended, the working envelope expands in the vertical axis more than the horizontal, adding the ability to reach up and over rather than simply out. The self-leveling outrigger system handles the typical jobsite ground conditions: gravel pads, mild grades, grass, and uneven paved surfaces. The trailer is compact enough for a standard equipment trailer bay without requiring specialized storage.

Setup from tow position to operational takes under fifteen minutes in normal conditions. For crews rotating through multiple sites in a day, that setup speed is a real operating advantage over renting and waiting for a yard to deliver a self-propelled machine to each location. A contractor with four jobs in a single day at 45 to 50 feet runs the T500J behind their crew truck and operates it themselves.

The T500J buyer is a step up from the T350 buyer in terms of the work they do. Where the T350 covers the 35 to 40 foot range for landscaping, exterior lighting, and small sign work, the T500J buyer works more consistently at 45 to 55 feet and needs the jib capability for access geometry that the T350 cannot handle. The T500J is still a small-company machine: one owner, a two-person crew, a pickup and trailer, moving between sites throughout the day.

Painting contractors doing exterior commercial work on three-to-four-story buildings use the T500J when the building's architectural detail creates access angles that require the jib. The reach above a parapet or around a projecting cornice at 45 feet is exactly what the jib was designed for. Painting contractors in markets with a mix of two and three story commercial buildings find the T500J earns its cost over a season of work.

Facility and building maintenance companies with contracts at multiple commercial properties use the T500J for the same reason they use the T350: it goes where the work is without a dedicated transport crew or advance logistics. At 50 feet, it handles most building systems, lighting, and HVAC maintenance tasks that fall above scissor lift range.

General contractors doing light commercial construction use the T500J for exterior tasks that fall below the height threshold where a self-propelled boom is economical to rent. The ability to own the machine and deploy it without rental yard coordination reduces both cost and schedule risk on small exterior scopes.

A new T500J somewhere in the $50k–$60k band clears our floor and qualifies for short-doc financing. Recent operating bank statements and the short application is the full documentation package. We turn an answer around in about a day from submission. Funding follows within roughly two weeks. B and C credit are welcome and clear more often than not when the bank statements show consistent business revenue.

For a used T500J priced below $50,000, adding a second machine, a matching trailer, or other equipment in the same transaction brings the combined amount above the minimum. We structure the whole package as one deal. If you are buying a T500J and a T350 together, the combined amount clears the floor and goes through the same short-doc process.

For established contractors who buy equipment regularly, a boom lift lease on the T500J can provide the tax treatment of an operating expense rather than a capital purchase. Your accountant should confirm which structure fits your business before you choose. A dollar buyout lease is the structure for buyers who want lease accounting with the intent to own; the buyout at the end is one dollar and the machine stays on your lot.

For companies with a credit history that has had some turbulence, bad credit boom lift financing is a structured option that may work where a standard short-doc does not. A larger down payment and a co-signer are the typical tools for getting B or C credit deals through at the lower dollar amounts where the machine's earning power is the primary support.

The JLG T350 is the step below the T500J: 40-foot platform height, same towable format, slightly lower price. If the work consistently tops out at or below 40 feet, the T350 covers it at lower cost. If 50 feet is regularly required, the T500J is the right machine and the jib adds capability the T350 does not have.

For buyers ready to step from towable to self-propelled, the JLG 450AJ covers 45 feet of platform height in a self-propelled articulating format with 4WD and a higher platform capacity. The 450AJ is a more capable machine at similar height but substantially more expensive and requires a trailer for transport. The T500J is the choice when mobility and low overhead are the priorities; the 450AJ is the choice when site conditions or platform capacity demand a self-propelled machine.

For buyers comparing towable boom brands, trailer-mounted boom lifts from Genie and other manufacturers fund through our program on the same terms. The T500J and the Genie TZ-50 are the two primary competitors in the 50-foot towable class.

New T500J deals at current pricing typically clear our $50k floor. A short application and recent statements, answer in about a day, keys in roughly two weeks. B and C credit welcome.

Common Questions

Can I bundle a T500J and a T350 on one financing application?

Yes. Two machines in one transaction is straightforward. We structure it as a single deal with both machines as collateral. The combined amount goes through short-doc if it stays under about $400,000.

I want to use the T500J for a 6-month project and then sell it. Does short-term ownership make sense financially?

That depends on the rental cost of comparable towable booms in your market versus the purchase-then-resale math. Six months of rental at market rates can exceed the purchase price in some markets. If you sell the machine after the project for close to what you paid, the financing cost is the only real expense. We can show you the payment structure so you can run the comparison.

My company just turned two years old. Can I qualify for short-doc financing on a $55,000 T500J?

Two years of operating history with three months of consistent bank statement deposits is a fundable profile in most cases. Time in business matters, and two years clears the threshold we look for on standard deals.

Does the jib on the T500J affect the machine's transport width or height?

In transport position, the T500J folds to a compact configuration. The jib folds into the main boom structure. The overall transport dimensions are within standard non-oversize limits for most states. Confirm specific dimensions against your route's requirements before transport.

What is the balloon payment risk on a TRAC lease for a machine in this price range?

A TRAC lease on a T500J is less common than on large-iron because the residual math is less impactful at lower price points. Most T500J buyers use a standard loan or dollar buyout lease. If you want to explore a TRAC structure, we can model it and show you what the residual buyout looks like at the end of the term versus a standard loan payment.

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