Auto repair equipment financing.

Two-post and four-post lifts, alignment systems, tire changers and balancers, diagnostic and scan equipment, paint booths and prep stations, frame machines, air compressors, and full shop buildouts including tools. A whole bay can go on one agreement, and installation can be included on qualifying transactions. Transactions run from a $15,000 usual minimum to $5 million and above.

Yes. New, used, and refurbished equipment are financed from dealers, auctions, and private sellers. Used equipment is underwritten on its remaining useful life at the end of the term, and a private-party purchase adds a lien search, an inspection or appraisal on larger items, and funds paid directly to the seller rather than through you.

Expect 10% to 15% down on used equipment from a dealer and 15% to 25% on a private-party sale, with a rate roughly one to three points above the same equipment bought new. Lifts and alignment racks hold value well and are financed used regularly; paint booths and diagnostic systems are underwritten more carefully because software and certification affect resale. See the private-party purchase guide.

Many established-business programs start around 600 FICO, and two or more years in business opens the broadest set of programs and the best pricing. Between one and two years narrows the field but stays workable; under one year the file is underwritten as a startup, which typically means 700+ personal credit, relevant industry experience, and working capital left after the purchase. Startup shops are considered when the owner has verifiable experience in the trade, typically with 700+ personal credit and a down payment.

The score alone rarely decides it: cash flow, the equipment, and money down all move the answer. Full detail is in the qualification guidelines and the credit score guide.

Equipment finance agreements run 24 to 84 months and leases 24 to 60 months, with $1, 10%, or fair market value buyouts. The term cannot outrun the equipment's remaining useful life, so used equipment is often written on a shorter term than new.

Lifts, compressors, and frame machines last well past any term, so most shops finance them and own them. Diagnostic and alignment technology that updates every few years is where a fair market value lease earns its lower payment. The lease vs. loan guide runs one machine through every structure with real numbers.

Most applications get a first response within 1 to 2 business hours, with same-day options on qualified files and approvals in as little as 30 minutes on clean application-only files. Funding follows in as little as 24 to 48 hours once documents are signed.

Application-only decisions, with no tax returns or financial statements, are available up to $500,000 on qualifying files; above that, expect a full financial package. The application starts with a soft credit inquiry, which does not affect your score. A dealer quote for the equipment package is enough to start; for a buildout, an itemized quote that separates equipment from installation helps the file move faster.

Yes. Multi-bay buildouts, including lifts, alignment, compressors, tooling, and installation, are financed as a single project on qualifying transactions, with progress or pre-funding arrangements available where the vendor needs a deposit. Application-only decisions cover projects up to $500,000; larger buildouts move to a full financial package.

Usually, yes. For 2026 the Section 179 limit is $2,560,000 of qualifying equipment, phasing out above $4,090,000 of purchases, and bonus depreciation is 100%. New and used equipment both qualify, and financing does not change the deduction: equipment bought on an equipment finance agreement or a $1 buyout lease with nothing down is deducted the same as a cash purchase, as long as it is placed in service by December 31.

On a fair market value lease the funder owns the equipment, so you deduct the payments as rent instead. Run the estimate in the Section 179 calculator and confirm the treatment with your tax advisor.

Yes. A paint booth, its installation, and the prep stations around it can go on one equipment finance agreement or lease on qualifying transactions. Send an itemized quote that separates the booth from the installation, since that helps the file move faster. Booths are underwritten more carefully than lifts because certification and software affect resale, so on a used booth expect 10% to 15% down from a dealer and 15% to 25% on a private-party sale.

Usually as part of a bigger package. The usual minimum is about $15,000, so a single tire changer, balancer or scan tool is typically financed together with lifts, alignment or other shop equipment on one agreement. That keeps the whole bay on one payment, and installation can be included on qualifying transactions.

It depends on the amount, the term, your credit and the structure. As examples only, on an equipment finance agreement at an assumed 9% with nothing down: $30,000 over 60 months is about $623 a month, $75,000 over 72 months is about $1,352 a month, and $150,000 over 84 months is about $2,413 a month. Those are examples, not quotes. The Quote Builder lets you set your own amount, term and structure without a credit pull.

Run the numbers first in the Quote Builder: set the equipment cost, term, down payment, and structure and see an estimated payment in a few taps, with no credit pull. When it fits, one short application and a soft credit inquiry get you matched with a dedicated funding professional who manages the deal from application to funding.