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Grinding Machine Finance

Spread the cost of grinding machines from £15,000 to £150,000+ with flexible finance options. HP, lease or refinance; compare rates from 40+ lenders.

Can you finance a grinding machine?

Yes, grinding machines 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 £15,000 to £150,000, and most deals are written over 12–84 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

£15k – £150k

Approval Speed

24–48 hours

Same-day for < £100k

Rates From

4.5% APR

What would a grinding machine cost per month?

£45,000
10%
60 months
9%
£0

Your estimate

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

Pre-filled with a typical grinding machine price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 4.9% APR
Term
12–84 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Precision engineers and toolmakers finishing hardened components wanting to own the grinding machine 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
Stay current with tighter tolerances and CNC control. Off balance sheet.

Representative example

On a purchase price of £45,000: a 10% deposit of £4,500, then 48 monthly payments of £949 at 5.9% APR representative (fixed). Total amount payable £50,052, 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
Studer S33 £110,000 – £180,000 CNC Cylindrical Grinder
Jones & Shipman 1300X £35,000 – £70,000 Universal Cylindrical Grinder
Universal cylindrical grinder, 600mm between centres £25,000 – £55,000 Manual Cylindrical Grinder (capacity class)
Tool and cutter grinder, bench mounted £8,000 – £20,000 Tool Room Grinder (capacity class)

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Tax benefits

Grinding machines qualify for Annual Investment Allowance (AIA) and full expensing, letting you deduct the full cost from taxable profits in the year of purchase, up to £1,000,000 under AIA for qualifying plant and machinery. HP agreements let you claim capital allowances as the asset sits on your balance sheet. Lease payments are generally deducted as an operating expense, spread over the lease term.

Market context

Grinding machines are bought by precision engineers, toolmakers and manufacturers who need to finish hardened or close-tolerance components beyond what milling or turning can achieve. Because grinding machines are typically the final, tightest-tolerance step in a production process, buyers finance them to protect cash for the surrounding equipment (mills, lathes, inspection kit) that feeds work to the grinder. Replacement is usually driven by accuracy: as a grinder's slideways and spindle wear, achievable tolerance degrades gradually, so machines are often replaced or reconditioned once they can no longer hold the tolerance a contract requires, rather than from outright breakdown.

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

Can I finance a used grinding machine?
Yes, though accuracy verification matters more here than with most machine tools. Lenders will typically want an independent inspection confirming the machine still holds tolerance, particularly for machines over 10 years old, since a worn grinder can look fine but no longer cut accurately. Ask your supplier for maintenance records and, where relevant, logged running hours before you apply; this speeds up the credit decision and can improve the rate you are offered on a grinding machine.
Does finance cover wheels, dressers and workholding?
Yes, if included on the supplier's invoice. Grinding wheels supplied with the machine, a diamond dresser, magnetic chucks and other workholding can normally be financed alongside the machine, though replacement wheels bought later are a running cost, not a capital one. It is worth agreeing the full list of extras with your supplier in advance and getting everything itemised on one invoice, since anything added after the agreement is signed usually has to be paid for separately.
What power supply does a grinding machine need?
Most cylindrical and surface grinders need a three-phase 400V supply to run the spindle and hydraulic table drive, typically drawing 10 to 25 amps depending on wheel size and table travel. Confirm this against your workshop supply before ordering. Getting this confirmed with your supplier and, where needed, an electrician before you order avoids a costly mismatch or last-minute upgrade once the equipment has already arrived on site.
How long does a grinding machine last against a finance term?
A well-maintained grinder can run productively for 20 to 30 years, since the main wear items (slideways, spindle bearings) are reconditionable. A typical 3 to 7 year finance term covers a fraction of that life, and many toolrooms run financed grinders for decades afterwards. That headroom is why many buyers choose a shorter finance term deliberately, so they can reassess or upgrade once the agreement ends rather than being tied to one specification for the machine's entire working life.

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