Spread the cost of a wood lathe from £400 to £30,000 with flexible finance options. HP, lease, or refinance
Yes, wood lathes 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 £400 to £30,000, and most deals are written over 12–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£400 – £30k
Approval Speed
24–48 hours
Same-day for < £5k
Rates From
5.3% APR
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical wood lathe price. Indicative only, not a quote.
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For UK limited companies with 3+ months’ trading and monthly revenue.
On a purchase price of £6,000: a 10% deposit of £600, then 48 monthly payments of £127 at 5.9% APR representative (fixed). Total amount payable £6,696, including the deposit. The rate you are offered depends on your business and the asset.
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 |
|---|---|---|
| Record Power CL3 with stand | £560 – £700 | Bench/Floor Woodturning Lathe |
| Axminster Professional AE370WL | £650 – £900 | Bench Woodturning Lathe |
| Used Union Graduate lathe | £1,500 – £4,000 | Reconditioned Pattern-Maker's Lathe |
| Heavy production/pattern-maker's lathe (Wadkin class) | £6,000 – £30,000 | Production Woodturning Lathe |
Explore business funding options through Fundably
For UK limited companies with 3+ months’ trading and monthly revenue.
Wood lathes 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.
Wood lathes are bought by professional turners, stair and furniture makers producing spindles, balusters and bowls, and workshops running turning alongside general joinery. Because turning is often a specialist sideline to a broader joinery business, finance lets a workshop add or upgrade a lathe without pulling cash away from core production work. Replacement is generally driven by wanting a longer bed for staircase spindles, more swing over the bed for bowl turning, or variable-speed electronic control, rather than the lathe wearing out; a well-built cast-iron lathe can run for many decades. Classic British lathes from Wadkin and Union, alongside current Record Power and Axminster ranges, have a strong and active UK used market, and lenders will fund a used lathe, typically over a shorter term. Turning tools and gouges are a recurring cost separate from the machine, and dust and shaving extraction at the lathe is a legal requirement in UK workshops handling wood waste.
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.
Explore business funding options through Fundably.
For UK limited companies with 3+ months’ trading and monthly revenue.
Explore business funding options through Fundably.
Check Eligibility →For UK limited companies with at least 3 months’ trading and monthly revenue.