Eddy Current Separator Finance

Spread the cost of an eddy current separator from £50,000 to £220,000 with flexible finance options. HP, lease, or refinance

Can you finance a eddy current separator?

Yes, eddy current separators 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 £50,000 to £220,000, and most deals are written over 36–84 months with a deposit of around 15–25%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

Typical Cost

£50k – £220k

Approval Speed

24–48 hours

Subject to full underwriting for larger tickets

Rates From

5.3% APR

What would a eddy current separator cost per month?

Eddy Current Separator price (ex VAT) £130,000

Deposit 10%

Agreement term 60 months

Annual interest rate 9%

Balloon payment £0

Your estimate

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

Pre-filled with a typical eddy current separator price. Indicative only, not a quote.

Finance options

Hire Purchase (HP)

Rate: From 5.8% APR
Term: 36–84 months
Deposit: 15–25%
Ownership: Yours at the end
Best for: Operators wanting to own the separator outright

Finance Lease

Rate: From 5.3% APR
Term: 36–84 months
Deposit: None required
Ownership: Return or buy (balloon payment)
Best for: Tax efficient; claim payments against profit

Operating Lease

Rate: From 6.1% APR
Term: 48–72 months
Deposit: None required
Ownership: Return at end
Best for: Suits sites refreshing sorting line capacity on a cycle

Representative example

On a purchase price of £130,000: a 10% deposit of £13,000, then 48 monthly payments of £2,742 at 5.9% APR representative (fixed). Total amount payable £144,616, 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
Static Eddy Current Separator	£55,000 – £100,000	Static Eddy Current Separator
Turmec Mobile Eddy Current Separator	£120,000 – £210,000	Mobile Eddy Current Separator

Tax benefits

An eddy current separator generally qualifies as plant and machinery for capital allowances, so a business can typically set some or all of the cost against taxable profits through the Annual Investment Allowance or other first-year reliefs, subject to your total qualifying spend for the year. Confirm current treatment with your accountant before finalising the finance structure.

Market context

Materials recovery facility operators and metal recyclers recovering non-ferrous metal, such as aluminium, copper and brass, from mixed waste streams are the main buyers. The equipment uses a rapidly rotating magnetic rotor to induce an electrical current in non-ferrous metal passing over it, which creates a repelling force that flings the metal clear of the rest of the material stream, and it is typically installed after a magnetic separator has already removed ferrous metal. Throughput rating, in cubic metres per hour, is the main sizing factor, and the equipment is usually installed as part of a wider permitted sorting line rather than run as a standalone site. Turmec is a specialist manufacturer of eddy current separators, including mobile units, active in this sector. Replacement is generally driven by rotor and belt wear from continuous operation.

Frequently asked questions

How does an eddy current separator recover non-ferrous metal?

The equipment uses a rapidly rotating magnetic rotor inside a conveyor belt system that induces an electrical current in any non-ferrous metal passing over it, such as aluminium or copper. That induced current generates its own magnetic field which opposes the rotor's field, creating a repelling force that physically flings the non-ferrous metal clear of the rest of the material stream so it can be collected separately.

Why does an eddy current separator run after magnetic separation, not before?

A standard magnetic separator removes ferrous metal such as steel and iron first, since eddy current separation works on non-ferrous metal and is more effective once ferrous material, which does not respond the same way, has already been taken out of the stream. Running the stages in this order improves the purity of both the ferrous and non-ferrous outputs.

Static or mobile eddy current separator, which suits my site?

A static separator is installed as a fixed part of a permanent sorting line. A mobile unit can be repositioned within a site or moved between locations, which suits operators who need flexibility or who process material at more than one site. Both are sized by the throughput rate they can handle.

Does this equipment need to fit into an existing sorting line?

Yes, an eddy current separator is typically installed as one stage within a wider sorting line, positioned after magnetic separation and usually after or alongside a trommel or other sizing equipment, rather than run as a standalone machine. It is worth planning its position in your line and confirming compatibility with your existing conveyor and separation equipment before ordering.

How quickly can I get eddy current separator finance?

Most applications are approved within 24 to 48 hours once a supplier quote and recent accounts are available. Because this is typically a larger ticket, lenders will usually want fuller trading history and accounts for higher-value systems, so it is worth having these ready when you apply.