The practical answer
Potentially. Contract-driven plant purchases can be considered where the asset, supplier, business and overall credit proposal fit lender criteria.
Provide the machine schedule and explain project duration, expected utilisation and what happens to the equipment after the job. Include transport, maintenance and idle time in the forecast.
Compare buying on finance with hire if the project is short or uncertain. The customer’s project duration and the company’s repayment term are separate commitments.
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.
Read: New-contract equipment finance →Explore the relevant guides
Plant & machinery finance — For construction, agricultural and other productive equipment.