CNC Machine Finance

Gain more control of your business with flexible CNC equipment finance through Savvy.

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, updated on August 28th, 2023       

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Finance solutions for all

CNC machines can be used for a complex array of uses such as operating a grinder, loathe or routers with ease to increase the productivity of your business. So why shouldn’t you get the same financing solutions? At Savvy we offer financial solutions that can make purchasing a CNC machine easier. Our range of financial products means that you will get access to top of the range solutions that are tailor made to suit your business needs and help grow it. If it’s CNC financing that you seek, we got it!

Attractive finance arrangements

At Savvy we understand that buying a CNC machine to optimise your business comes at a costly price. We make this one less thing to worry about. We source our financial solutions from leading lenders and bankers. This allows us to find low rates that come with flexible repayment terms to match your needs. Not too sure what financial product will work for you? Our consultants that have experience in CNC machine financing will find the right finance for you.

Get industry specific financing solutions from the experts

Common questions about CNC machine finance answered

What type of financial product will suit my business?

We offer a wider variety of financing options that vary for every business. You can contact one of our consultants to work out something to suit your needs.

Can I get financing if I do not have a deposit?

Yes. At Savvy we offer 100% financing solutions that will help you better utilise your finances without breaking the bank.

Can I get financing for CNC machinery that needs to be imported?

Yes. Savvy offers financial solutions for imported CNC machinery. You can contact our consultants to work out a plan for you.

Will I be able to get financing for a lathe machine?

Yes. We offer financing to purchase all types of CNC machinery to keep your business running efficiently.

I am purchasing used CNC machinery, but will I be able to upgrade?

Yes. At Savvy we offer financial solutions that allow you to purchase both new and used products. Depending on the type of financial product you choose you will be able to upgrade your machinery or refinance your loan.

Are there any potential tax benefits?

This will depend on the type of financial solution that you choose and the type of use your machinery will be used for. Please seek professional advices from a tax adviser.

More on CNC machine finance

Consider your financing options

There is no cookie-cutter solution that will suit all types of businesses when it comes to commercial financing. The different types of financing options that allows your business to purchase new and used CNC machines can be sifted through with a consultant to match industry-specific needs. Whether you opt for hire purchase or lease ensure that you weigh the advantages and disadvantages of tax implications or accountant to find out where you fit.

What is residual?

This is also known as a balloon payment that is added to the purchasing costs of equipment. Depending on the financial needs of your business you can choose financing that allows you to pay the residual at the end of a contract to help you pay low initial costs. Keep in mind that if you push the residual to the end you will have to pay it out in full at the end of the loan term in order to transfer ownership of your CNC machine. It's best to discuss your financial position with an accredited accountant or financial advisor.

New vs used?

If the core of your business relies on a CNC machine, opting to purchase a new or used machinery will affect the productivity of your business along with your finances. Used CNC machines can help you save on initial costs. However, the depreciation of the equipment will affect the resale value along with the productivity it will be able to give you. New mean that you will get high productivity and reduced maintenance costs. You will also get high value when it comes to reselling the equipment.

Lease or purchase?

There are benefits that can come with both leasing or the purchasing a CNC machine. Buying it allows you to own the equipment outright and have access to potential tax benefits such as claiming on GST and depreciation. However, leasing gives you a wider option of paying less initial expenses, upgrading the equipment, and if you have paid the residual in full by the end of the term the ownership gets transferred to you. You will have to weigh your options along with the pros and cons to decide.

Your commercial finance options

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CNC machine finance

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