Can you finance a salon dryer?

Yes, salon dryers 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 £150 to £3,000, and most deals are written over 6–36 months with a deposit of around 10–20%. Decisions typically take 24 hours. Used machines are financeable too, usually with a shorter term.

Salon Dryer Finance: Rates, Options & Eligibility

Typical Cost

£150 – £3k

Approval Speed

24 hours

Same-day for one or two units

Rates From

6.3% APR

What would a salon dryer cost per month?

Salon Dryer price (ex VAT) £900

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 salon dryer price. Indicative only, not a quote.

Finance options

Hire Purchase (HP)

Rate: From 6.8% APR
Term: 6–36 months
Deposit: 10–20%
Ownership: Yours at the end
Best for: Salons wanting to own the dryers outright

Finance Lease

Rate: From 6.3% APR
Term: 12–36 months
Deposit: None required
Ownership: Return or buy (balloon payment)
Best for: Tax-efficient, claim 100% of payments against profit

Operating Lease

Rate: From 7.0% APR
Term: 12–36 months
Deposit: None required
Ownership: Return at end
Best for: Fitting out a whole drying bank without a large upfront cost

Representative example

On a purchase price of £900: a 10% deposit of £90, then 48 monthly payments of £19 at 5.9% APR representative (fixed). Total amount payable £1,002, 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
Freestanding Hood Dryer	£150 – £400	Freestanding Dryer (specification class)
Wall-Mounted Hood Dryer	£250 – £600	Wall-Mounted Dryer (specification class)
Multi-Chair Dryer Bank	£1,200 – £3,000	3–5 Unit Dryer Bank (specification class)

Tax benefits

Salon dryers qualify for the Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in the year of purchase. Hire purchase lets you claim capital allowances as you own the asset from day one. Finance lease and operating lease payments are treated as a revenue expense and are usually fully deductible against profits.

Market context

Salon hood dryers are bought by hairdressers offering a traditional wet-set or perm service, and demand for this equipment has settled into a smaller, more specialist niche within the wider salon market as many stylists have moved to blow-drying rather than hood drying for most clients. Because the unit cost is relatively low, most salons buy one or two dryers outright, and finance is mainly used when fitting out a full drying bank of several units at once for a salon that still offers wet-set services as a core part of its business, or when the dryers are one item within a wider salon fit-out. Replacement tends to follow wear on the heating element and timer controls after years of daily use.

Bad credit?

Some specialist lenders consider businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options may be available. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender.

Frequently asked questions

Is it worth financing salon dryers given the relatively low cost?

For one or two dryers, most salons buy outright, since the unit cost is low enough that finance offers little advantage over cash. Finance becomes worthwhile once you are fitting out a full drying bank of several units at once, or the dryers are one item within a wider salon fit-out, because spreading a larger combined cost over a term keeps more cash available for stock, staff and rent while the salon builds its client base. Your broker can advise on the point at which a multi-unit purchase is large enough to make finance worthwhile against simply paying cash.

Freestanding or wall-mounted, does it change the finance?

Not materially. Both freestanding and wall-mounted hood dryers are financed the same way, through hire purchase, a finance lease or an operating lease, since the difference is fitting rather than asset type. Wall-mounted units involve some installation work to fix them securely and route power, which most lenders will finance as part of the same agreement provided the supplier's quote itemises it. The main practical difference is that wall-mounted dryers are harder to relocate later, so it is worth confirming the fitting is included before choosing between the two styles.

Can I finance a full drying bank for a new salon?

Yes. Fitting out a full bank of several dryers for a salon still offering wet-set or perm services as a core part of its business is commonly financed as one package, often alongside styling chairs and backwash units within a wider salon fit-out agreement. Financing the drying bank as part of the same facility as the rest of the fit-out is usually simpler than raising a separate small agreement just for the dryers, since the lender reviews one specification and one supplier schedule rather than several smaller purchases.

Can newly opened salons get finance for dryers?

Yes, though a newly opened salon is usually asked for a larger deposit, a personal guarantee, or a shorter term than an established salon with trading history and accounts. Because a hood drying service now sits in a smaller, more specialist niche within the wider salon market, lenders will also want to see that there is realistic demand for wet-set or perm services at the new site. Comparing several lenders is worthwhile for a first opening, since appetite for newly formed salon businesses varies between lenders.

How quickly can salon dryer finance be approved?

A small order of one or two dryers is commonly approved within 24 to 48 hours once your application and basic company details are with the lender. A full drying bank financed as part of a wider salon fit-out typically takes a little longer, around three to five working days, since the lender is reviewing a larger combined facility rather than a single low-value item. Having your supplier's quote and recent bank statements ready before applying keeps either timeline as short as possible.

Can I finance used or ex-display salon dryers?

Yes, used and ex-display salon dryers can be financed, though because the unit cost is already low, lenders will generally want the total order to reach a reasonable minimum value before a finance agreement makes sense compared with paying cash. A dryer bought through a salon equipment dealer with a warranty is easier to finance than a private sale with no service history, particularly since replacement is usually driven by wear on the heating element and timer controls after years of daily use, which a warranty helps protect against.

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For UK limited companies with at least 3 months’ trading and monthly revenue.

Salon Dryer Finance