The practical answer
There is no universal warranty rule, but condition and expected working life remain important even where a warranty is available.
Provide service history and details of inspections, repairs and any warranty exclusions. Ask who is responsible for repairs and whether parts, labour and travel are covered.
The company normally remains responsible for finance payments if the machine breaks down. Allow for repairs and downtime in the cash forecast rather than treating the lender’s approval as a condition guarantee.
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: Plant & machinery finance →