Twin spindle lathe finance
Two spindles and two turrets exist to halve cycle time, so the funding conversation is about the schedule that fills them.
Whole-of-market — 60+ lenders searched, including
Can you finance a twin spindle lathe?
Yes. Twin spindle lathes are funded as hard assets, normally on hire purchase, and used machines from mainstream builders are fundable. What catches buyers out is that these machines are bought for production rather than jobbing, and a funder will want to see the production behind the decision. A twin spindle machine running one-off work is an expensive way to do simple turning, and underwriters know it. Also budget separately for the tooling: two turrets means twice the holders, and that spend is soft cost that funders discount or cap within the advance.
Used kit: Yes — second-hand twin spindle lathes fund well, commonly up to around twelve to fifteen years old where both spindles and turrets check out.
Get a quoteor call 0333 772 4864
What would a twin spindle lathe cost per month?
Asset finance is quoted on a flat rate, so that is what the buttons show, with the equivalent APR beside it. Your exact rate depends on the asset, the term, the deposit and the lender.
Prime is an established, profitable business with clean credit. Specialist covers newer businesses and credit that needs explaining — the asset itself carries part of the risk, which is why finance is often available where an unsecured loan is not.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 5.15% flat rate (equivalent to 9.9% APR representative), you would repay around £628 a month; total amount repayable approximately £30,150, of which £5,150 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval.
Rates shown are indicative flat rates with the equivalent APR alongside — the two are not the same number. Indicative only and does not constitute a quote or an offer of finance. Subject to status and lender approval.
How lenders treat it
Underwriters like these machines as security. The main builders sell worldwide, dealers move them readily, and a funder can establish a value quickly. Because the machines are configured for production, a common specification resells better than one built around a single unusual part. Control generation and continuing OEM support drive the value far more than age; a well-serviced machine on a current Fanuc or Mazatrol control beats a younger machine on something orphaned. Turret tooling, parts catchers and unloaders are treated as soft. The commercial risk a funder weighs is cyclicality: production turning follows automotive and general manufacturing demand, and a machine bought against a single contract that then moves leaves a shop with a payment and no work. That concentration is the usual reason for a decline.
Makes and models we fund
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| DN Solutions Puma TT1800SY | Twin spindle twin turret lathe for complete parts |
| Doosan Puma TW2600 | Twin spindle machine for larger turned work |
| Nakamura-Tome WT-150 | Twin spindle lathe for precision components |
| Nakamura-Tome AS-200 | Twin spindle machine for done in one turning |
| Okuma LT2000 EX | Twin spindle lathe with two turrets |
| Mazak QTN 200 MSY | Turning centre with second spindle and Y axis |
| DMG Mori NLX 2500 SY | Twin spindle lathe for varied batch work |
| DMG Mori NZX 2000 | Multi turret machine for high output turning |
Get a quoteor call 0333 772 4864
Who buys one
A subcontractor or component manufacturer with a part that is running continuously and is now cycle-time limited — fittings, spacers, shafts, automotive and hydraulic components. The trigger is usually a customer pushing volume up or price down, where the only way to hold the margin is to take the second operation out of the cycle. Also bought by shops trying to run a proven job with less operator attendance.
Get a quoteor call 0333 772 4864
How it is treated for tax
Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
Twin spindle lathe finance questions
Do I need a signed contract to get this funded?
No, a signed contract is not a requirement. It helps, because it answers the obvious question about what the machine will run. Where there is no contract, funders look instead at your trading history, the customers you already supply and whether the machine replaces capacity you are currently buying in. Evidence of demand comes in more than one form.
How do funders view a machine set up for one customer’s part?
The machine itself is still standard and saleable, so it is not a problem in security terms. The question they ask is commercial: what happens to your ability to pay if that part moves. Being able to describe other work the machine could take, or other customers in the same sector, addresses it more effectively than avoiding the subject.
Can two turret tooling packages be funded?
In part. Most funders allow a proportion of soft cost within a machine deal, and a tooling package on the same supplier invoice often fits inside that. A very large tooling spend relative to the machine may need its own facility. Ask the dealer to itemise so we can see what we are working with before we approach anyone.
Is a machine from a closed-down factory fundable?
Yes, and these can be excellent value. Funders want ownership confirmed, no outstanding finance registered against the machine, a proper invoice and ideally evidence it has been powered up and run. Where a machine has been sat cold in a damp building for a year, expect a funder to be more cautious and to want an inspection.
Will finance cover the swarf conveyor and coolant system?
If they are supplied with the machine on the same invoice, usually yes, because they are physical equipment attached to an identifiable asset. Standalone coolant plant and filtration bought from a different supplier is a separate item, which can still be funded but may be its own agreement. The invoice structure drives the answer.
Get a quoteor call 0333 772 4864
Also in CNC and machine tool finance
- Vertical machining centre finance
- Horizontal machining centre finance
- 5-axis machining centre finance
- CNC lathe finance
- Turn-mill centre finance
- Sliding head lathe finance
- Bar feeder finance
- Manual lathe finance
- Bed mill finance
- Boring machine finance
- Surface grinder finance
- Cylindrical grinder finance
- Tool and cutter grinder finance
- Wire EDM finance
- Spark erosion machine finance
- Fibre laser cutter finance
- Press brake finance
- Guillotine finance
- Punch press finance
- Waterjet cutter finance
- Plasma cutter finance
- Tube bender finance
- CMM and inspection equipment finance
- Tool presetter finance
- Metal bandsaw finance
- Robot and cobot loading cell finance
- Air compressor finance
See everything we fund in CNC and machine tool finance →
Not an offer of finance. All finance is subject to status, affordability and lender approval.
Get your quote
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
Prefer to talk? Call 0333 772 4864 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.