CNC Machine Finance

Q: Can I finance a used CNC machine?

Yes. Most lenders finance used equipment up to 10 years old. You'll need an independent valuation for machines over 5 years old. Rates for used equipment are typically 0.5-1% higher than new.

Q: What deposit do I need?

For hire purchase, most lenders ask for 10-20% deposit. Finance leases and operating leases often require no deposit at all. A larger deposit reduces your monthly payments and may unlock better rates.

Q: How quickly can I get CNC machine finance?

Most applications are approved within 24-48 hours. For straightforward deals under £100k, same-day approval is common. Larger or more complex deals may take 5-7 working days.

Q: Do I need to have been trading for a minimum period?

Most lenders require 2+ years trading history for standard terms. Startups (under 2 years) can still access finance but may need a personal guarantee or higher deposit.

Spread the cost of CNC machines from £10,000 to £2,000,000+ with flexible finance options. HP, lease, or refinance — compare rates from 40+ lenders.

Typical Cost

£15k – £500k

Approval Speed

24–48 hours

Same-day for < £100k

Rates From

From 4.5% APR

Finance options

Hire Purchase (HP)

Rate: From 4.9% APR
Term: 12–84 months
Deposit: 10–20%
Ownership: Yours at the end
Best for: Businesses wanting to own the equipment outright

Finance Lease

Rate: From 4.5% APR
Term: 12–84 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: 24–60 months
Deposit: None required
Ownership: Return at end
Best for: Always have newest technology. Off balance sheet.

Representative example

Borrow £85,000 over 48 months at 5.9% APR (fixed). Monthly repayment: ~£1,769. Total amount payable: ~£84,912. Rates depend on your circumstances.

Popular models

Model	Price Range	Type
Haas VF-2SS	£65,000 – £85,000	Vertical Milling
DMG Mori CMX 600 V	£90,000 – £140,000	5-Axis CNC
Mazak QT-250	£45,000 – £70,000	CNC Lathe
Trumpf TruLaser 1030	£120,000 – £250,000	Laser Cutting

Tax benefits

CNC machines qualify for Annual Investment Allowance (AIA), meaning you can deduct the full cost from taxable profits in year one — up to £1,000,000. For HP agreements, you claim capital allowances on the asset. For leases, you typically deduct the full lease payment from profits.

Market context

The UK CNC machining market is valued at £3.2bn (2024). 68% of UK manufacturers plan to invest in new CNC equipment in the next 2 years. Average ROI on CNC investment is 18-24 months.

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. Our eligibility check uses a soft search only — no impact on your credit score.

Frequently asked questions

Can I finance a used CNC machine?