Does an older machine require a larger deposit?

It may. Deposit requirements depend on the machine, value, remaining useful life, applicant, and lender risk appetite.

Can a privately sold used machine be financed?

Potentially, subject to additional checks on ownership, identity, condition, valuation, and the route by which funds are paid.

Is this personalised financial advice?

No. This page provides general educational information. A suitable structure depends on the asset, applicant, intended use, and lender assessment. Seek independent professional advice if you are unsure.

Asset finance questions answered

Can I finance a used £150k machine?

Direct answer: A used £150k machine may be financeable if its age, condition, hours, useful life, value, seller, and intended use are acceptable to the lender. The business must also demonstrate that repayments are affordable. Approval and terms are subject to full assessment.

Discuss your application Asset finance overview

How lenders look at it

The question behind the headline

Used machinery can provide strong operational value, but lenders need confidence that it is correctly priced, serviceable, identifiable, and likely to remain productive through the finance term. Older or specialist machines may need more evidence.

Credit assessment

What is likely to influence the decision?

Condition and remaining life

Hours, service records, refurbishment, inspection results, parts availability, and expected workload can influence term and advance.

Seller and valuation

An established dealer can simplify due diligence. Private or connected sales may require additional title, payment, and valuation checks.

Business case

The lender considers applicant performance, deposit, existing commitments, and how the machine will support contracts, output, or cost savings.

Possible structure

How the facility may be arranged

Hire purchase is often considered where eventual ownership is the objective. Finance lease may also be available. The maximum term may be influenced by the machine’s age and expected useful life at the end of the agreement.

Important risks

What needs balancing

A breakdown, hidden defect, or lower resale value does not normally remove the repayment obligation. Independent inspection and maintenance planning may be appropriate before purchase.

Prepare the application

Information a lender may request

Invoice, serial number, specification, age, and hours

Service history, inspection, and refurbishment evidence

Seller details and valuation support

Accounts, bank statements, and intended-use explanation

Who you could speak to

Arran Turner

Managing Director

General commercial finance and how Sorbus works

Profile

Graham Nash

Commercial Finance Director

Business loans, cash flow and wider commercial funding

Profile

STEP 1
A conversation with a broker
You talk to a real Sorbus broker about the business, the purpose and what is affordable. No application at this stage.
STEP 2
Credit placement
If you choose to go further, we prepare the case and decide which lenders on our panel of 150+ are worth approaching.
STEP 3
Lender assessment
The lender, not Sorbus, underwrites and makes the credit decision. Approval is never guaranteed.
STEP 4
Documentation
If a lender offers terms and you accept, we help coordinate agreements and payout paperwork with you.

Every step after the first is optional. You can stop after the conversation. Sorbus is a broker, not a lender.

Client journey

Explore real client journeys

Read how real businesses approached a funding goal, what Sorbus arranged and what happened next.

Browse anonymised case studies

Enquire about Can I finance a used £150k machine? enquiry

Start with a conversation

Tell us a little about what you need and who you would like to speak to. No obligation, no credit check at this stage. We aim to respond within one business day, Monday to Friday, 9am to 5:30pm.

Your name *

Phone number *

Company name (optional)

New start-up (no company name yet)

Email address *

Who would you like to speak to? (optional)

Best time to talk (optional)

A preference, not an appointment. We pass it on where we can. We aim to respond within one business day, Monday to Friday, 9am to 5:30pm. This is an aim, not a guaranteed callback time.

Your requirements

I'd like to receive news, guides, and exclusive finance offers from Sorbus Finance by email. You can unsubscribe at any time.

We will use your details to respond to your enquiry. We may share information with our principal, lenders and service providers where necessary, or where required by law, as explained in our Privacy Policy. Marketing emails are optional and depend on your separate choice.

Prefer to call?

Speak directly to an adviser Monday–Friday, 9am–5:30pm.

01246 383500

Free call. No obligation.

Unique to Sorbus Finance

Optional: Business Finance Health Check

Not sure how a lender may view your application? Our free Finance Health Check helps you identify strengths and gaps before you apply.

Take the short Health Check

Free · No credit check · Not required before you talk

Want the full picture? The full fact-find is longer and also optional.

Email us anytime

hello@sorbusfinance.co.uk

Frequently asked questions

Key points before you proceed

No. Approval, amount, deposit, term, pricing, security, and conditions are subject to lender assessment and individual circumstances.

Discuss the asset and your circumstances

A Sorbus Finance adviser can help you understand the information lenders may need and the structures that could be considered, without promising an outcome.

01246 383500

Related finance resources (18)