Press Brake Finance - Lender Options at a Glance
| Lender | Rate range | Term (new) | Used assets | Deposit | Speed |
|---|---|---|---|---|---|
| Lloyds Bank | 5.5–8.5% | Up to 7 yrs | Limited | 10% | 5–10 days |
| HSBC | 5.0–8.0% | Up to 7 yrs | Limited | 10% | 5–10 days |
| Close Brothers | 6.5–11.0% | Up to 7 yrs | Yes | 0–10% | 2–4 days |
| Shawbrook | 6.5–11.0% | Up to 7 yrs | Yes | 0–10% | 2–4 days |
| Aldermore | 6.0–10.5% | Up to 7 yrs | Yes | 0–10% | 2–5 days |
| Bibby FS | 7.5–12.0% | Up to 5 yrs | Yes | 0–10% | 2–4 days |
Worked Example: £90,000 CNC Press Brake - 5 Years HP at 7.0%
| Parameter | Detail |
|---|---|
| Asset | New CNC electric press brake, 100T capacity |
| Supplier price | £90,000 + VAT |
| Finance type | Hire Purchase |
| Deposit | £0 |
| Term | 60 months (5 years) |
| Indicative rate | 7.0% per annum |
| Monthly payment | ~£1,782 |
| Total repayable | ~£106,926 |
| Total interest | ~£16,926 |
Illustrative only. Not a quote.
Guillotine Finance - What's Different?
Hydraulic and mechanical guillotines are well-understood assets by lenders - they hold residual value well and command strong second-hand market prices. This makes them attractive security for asset finance lenders, which helps keep rates competitive.
Guillotines typically attract:
- Finance amounts of £10,000–£80,000 for most standard models
- Terms of 3–5 years for used, up to 7 for new
- All eight lenders on our panel will consider guillotine finance
- CNC guillotines (laser, servo-electric) at higher values attract the same treatment as press brakes