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Panel Saw Finance

Spread the cost of a sliding table panel saw from £1,600 to £80,000 with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a panel saw?

Yes, panel saws 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 £1,600 to £80,000, and most deals are written over 12–72 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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2-minute application
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Typical Cost

£2k – £80k

Approval Speed

24–48 hours

Same-day for < £30k

Rates From

5.0% APR

What would a panel saw cost per month?

£14,000
10%
60 months
9%
£0

Your estimate

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

Pre-filled with a typical panel saw price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 5.5% APR
Term
12–72 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Workshops wanting to own the saw outright

Finance Lease

Rate
From 5.0% 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 5.8% APR
Term
24–60 months
Deposit
None required
Ownership
Return at end
Best for
Upgrade to a larger format as the business grows. Off balance sheet.

Representative example

On a purchase price of £14,000: a 10% deposit of £1,400, then 48 monthly payments of £295 at 5.9% APR representative (fixed). Total amount payable £15,560, 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
Axminster Professional AP254CPS £1,600 – £2,500 Compact Panel Saw
Axminster SD315PS / SD400PS £6,000 – £8,000 3.2m Sliding Table Panel Saw
Striebig Compact £3,500 – £9,000 Vertical Panel Saw
3.2m sliding table panel saw (Altendorf/Format-4/Felder class) £15,000 – £45,000 Production Sliding Table Saw

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Tax benefits

Panel saws qualify for Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in year one, up to £1,000,000. HP agreements allow capital allowances. Lease payments are fully deductible.

Market context

Panel saws are bought by joinery shops, kitchen and furniture makers, and shopfitters who need to break full sheets down accurately and repeatably rather than freehand with a track saw. Finance is common because the saw is rarely bought alone, it usually arrives alongside dust extraction, new blades and sometimes an edge bander, so spreading the whole package keeps working capital free for materials and staff. Replacement tends to follow a move to a bigger sliding table, better cut optimisation, or a switch from manual to beam-saw production, rather than the saw wearing out. Panel saws from Wadkin, Sedgwick, Startrite and the major continental brands hold value and trade actively on the UK used market. Dust extraction at the point of cut is a legal requirement in UK workshops handling wood dust and is frequently specified and financed alongside the saw. Larger sliding table formats generally need a three-phase supply, which small workshops should confirm before ordering.

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 panel saw?
Yes. Panel saws from established manufacturers such as Wadkin, Sedgwick and Startrite hold value well and change hands regularly on the UK used market, so most lenders will finance a used machine up to around 10–15 years old. Continental brands including SCM, Altendorf and Felder are also readily fundable second-hand. Expect a shorter term than on a new machine and, for older or higher-value examples, an independent engineer's valuation before the lender confirms terms.
Do I need three-phase power for a panel saw?
Larger sliding table panel saws, particularly anything above a 2.6m or 3.2m format, are usually built for a three-phase supply. Many small joinery workshops on a single-phase supply either budget for a phase converter or an upgraded three-phase connection alongside the saw, so it is worth confirming your workshop's supply before ordering. Compact panel saws and some Striebig vertical models are available in single-phase 230V versions, which suits workshops without three-phase power.
Can dust extraction be financed alongside the saw?
Yes. Dust extraction is a legal requirement for any UK workshop generating wood dust, and lenders routinely include an extractor, ducting and any required testing on the same agreement as the saw, provided they appear on the supplier's invoice. Bundling extraction with the machine keeps everything on one monthly payment and one asset register entry, rather than running a separate purchase for the extraction unit alongside the saw finance.
What deposit do I need for panel saw finance?
For hire purchase, most lenders ask for a 10–20% deposit. Finance leases and operating leases can often be arranged with no deposit at all. A larger deposit reduces the monthly payment and, on higher-value continental machines, can help secure a better rate. Part-exchanging an existing saw against a new or upgraded model is common in this sector and can be treated as part of the deposit.
How quickly can I get panel saw finance?
Most panel saw finance applications are approved within 24–48 hours. For straightforward deals under £30,000, same-day approval is common, particularly for well-known brands with an active used market that lenders can easily value. Larger production saws, or first-time applicants without extensive trading history, may take a few days longer while the lender reviews accounts and arranges an equipment valuation. A supplier quote with the model and price ready to go speeds up the whole process.

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