The practical answer
Potentially. Age, hours, condition, value, seller and remaining working life are important to lender appetite and the available term.
Supply service records, photographs and details of major repairs or replaced components. Explain expected utilisation and the work the machine will perform.
An inspection or valuation may be requested. Finance acceptance does not provide a mechanical warranty, so include maintenance and downtime in the purchase decision.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
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VAT on asset finance — For VAT timing and the cash needed alongside funding.
Plant & machinery finance — For construction, agricultural and other productive equipment.