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Borehole Pump Finance

Spread the cost of borehole pumps from £2,000 to £100,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a borehole pump?

Yes, borehole pumps are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £2,000 to £100,000, and most deals are written over 12–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

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Typical Cost

£2k – £100k

Approval Speed

24–48 hours

Same-day for < £25k

Rates From

4.5% APR

What would a borehole pump cost per month?

£15,000
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical borehole pump price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 4.9% APR
Term
12–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Farms and estates wanting to own the pump outright

Finance Lease

Rate
From 4.5% APR
Term
12–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate
From 5.2% APR
Term
Matched to contract length
Deposit
None required
Ownership
Return at end
Best for
Contractors deploying a pump on a fixed-term dewatering job

Representative example

On a purchase price of £15,000: a 10% deposit of £1,500, then 48 monthly payments of £316 at 5.9% APR representative (fixed). Total amount payable £16,668, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification Guide price Type
Grundfos SP Series (4in) £2,500 – £6,000 Submersible Borehole Pump (small abstraction)
Grundfos SP Series (6-8in) £8,000 – £25,000 Submersible Borehole Pump (medium abstraction)
Solar borehole pump package, off-grid site (specification class) £6,000 – £15,000 Solar Borehole Pump Package
10in high-volume borehole pump, motor 100kW+ (specification class) £40,000 – £90,000 High-Volume Borehole Pump (large abstraction/dewatering)

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Tax benefits

Borehole pumps generally qualify for the Annual Investment Allowance, so the cost can typically be set against taxable profits in the year of purchase. Because a submersible pump can be withdrawn from the borehole and replaced or relocated without disturbing the borehole itself, it is normally treated as moveable plant, distinct from the borehole and its casing, which forms part of the site's fixed infrastructure.

Market context

Borehole pumps are bought by farms, food and drinks producers, and industrial sites abstracting their own water rather than relying entirely on mains supply, and by contractors deploying pumps for temporary dewatering on a construction site. Larger abstraction users need an abstraction licence covering the volume they take, and the pump is sized to what that licence and the borehole's yield can actually support, rather than to demand alone. Dewatering contractors working to a defined project programme often match the finance term to that programme rather than the pump's full working life, since the same financed pump can then move on to the next site once the job ends. Replacement is generally driven by the pump or motor wearing out from continuous running, or the borehole yield changing, and a working used market exists for common submersible sizes.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

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Frequently asked questions

Do I need an abstraction licence before financing a borehole pump?
For larger volumes, yes, and it is worth having the licence in place or well progressed before financing a pump sized for that volume, since the licence caps how much water can be taken regardless of the pump's capacity. Smaller abstractions may fall under an exemption, but it is worth checking your specific volume against current licensing thresholds before assuming one applies.
What deposit do I need for borehole pump finance?
For hire purchase, most lenders ask for a 10-20% deposit, while finance leases and operating leases can often be arranged with no deposit at all. Given how modest most borehole pump purchases are compared with other farm or industrial equipment, some buyers choose to pay in full rather than finance, but spreading the cost keeps capital free for the wider abstraction infrastructure, pipework and any storage tanks that often accompany a new or replacement pump installation. A larger deposit will reduce the monthly payment where the pump is a higher-capacity or specialist model.
How quickly can borehole pump finance be approved?
Most applications are approved within 24-48 hours, and same-day approval is common for deals under £25,000, which covers the majority of farm, estate and small industrial pump purchases. A larger or higher-specification pump, or one being financed alongside pipework and installation as part of a wider water infrastructure project, may take slightly longer as the lender reviews the full scope. Having a clear supplier quote showing the pump specification separately from any groundworks helps keep a straightforward application moving quickly.
Can I finance a used borehole pump?
Yes, a working used market exists for common submersible sizes, particularly among agricultural and estate buyers replacing an existing pump. Lenders will usually want to know the pump's running hours and service history before agreeing terms, and because a submersible pump sits below ground in continuous or near-continuous operation, evidence of recent servicing or a working test carries more weight with a lender than it would for equipment used only intermittently above ground.
Can a new business or farm diversification finance a borehole pump?
Yes, though a newly formed business or a diversification project without an established trading history will usually be asked for a personal guarantee, a higher deposit, or evidence of the abstraction licence and intended water use to support the application. An established farm or estate financing a borehole pump as part of an existing operation generally moves through standard terms more easily than a stand-alone new venture, since the lender can assess it against the wider business rather than the pump investment in isolation.
What happens at the end of a borehole pump finance agreement?
Hire purchase transfers full ownership of the pump once the agreement is paid off, which suits a farm or estate planning to keep using the same borehole long-term. A finance lease usually offers a balloon payment to take ownership, continued rental, or handover to the funder, while an operating lease, matched to a fixed contract length, is return-only and suits a dewatering contractor moving the pump on to the next site once a job ends rather than keeping it permanently.

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