Funding for Texas Auto Repair Shops

Equipment Financing for Texas Auto Repair Shops

Every bay is rented space that either earns or sits. New equipment is worth buying when it opens a service you cannot do now or speeds jobs you already do.

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Home · Equipment Financing for Auto Repair

Think in revenue per bay, not price tag

A two-post lift has a price. It also has a number of jobs it makes possible each week. If your shop turns away alignments, brake jobs or tire work because of a missing machine, the equipment is a way to stop turning money away. If the machine only makes a job a bit nicer, the case is weaker.

Texas shops range from one-bay specialists to multi-location operations, and what each needs differs. The ask is the same: what will this machine let me do that I cannot do today?

What shops typically buy, and why

EquipmentWhat it addsQuestion to ask first
Vehicle liftMore jobs at once, safer workDo I have floor space and a waiting list of jobs?
Diagnostic scanner and softwareNewer vehicles, fewer comebacksIs there a recurring subscription fee on top?
Alignment machineA service you can add to tire salesHow many alignments can I sell in a month?
Tire changer and balancerTire sales and mountingDo I have supplier access and a customer base?
A/C recovery machineSeasonal service work in hot monthsHow much of the year is the work in demand?

The break-even sentence

Before financing anything, write one sentence: “This machine pays for itself if I do X extra jobs a month at Y profit each.” For illustration only, a shop that adds an alignment service might expect to sell a handful a week at an assumed profit per job. If that assumed number looks like a stretch when you write it down, wait or choose a smaller machine. These figures are examples of the method, not predictions or our terms.

Used, new and the hidden costs

  1. Installation: some lifts need floor work, power or anchoring, and this may not be in the equipment price.
  2. Training: a diagnostic tool is only as good as the technician using it.
  3. Software updates: check what is a one-time purchase and what is a yearly fee.
  4. Downtime during install: a bay out of service is lost revenue.
  5. Used equipment risk: a cheap lift with no history may cost more in repair than a new one.

Funding and what to confirm

We fund $25,000 to $5,000,000, funded in as little as 24 hours, with a 5-minute application and a soft credit pull. Sole proprietors can apply. The application is short, and it is better to have a quote from the equipment seller in hand so you know the real total.

Ask how the funding is secured, what happens if the machine fails, and what the total repayment will be over the full period. Equipment that earns less than planned still has to be repaid, so size the request to the conservative case. If you only need the money for parts and payroll swings, the working capital or line of credit pages may suit the shop better.

Common Questions

Should I buy used or new equipment?

New carries warranty and a known history. Used lowers the price and raises repair risk. Match the choice to how much downtime the shop can absorb.

Does the equipment cost include installation?

Not always. Confirm electrical, floor and anchoring costs with the seller before sizing the request.

Can I finance the diagnostic software too?

Possibly, depending on how the seller prices it. Check whether it is a one-time cost or a yearly subscription.

Can a single-owner shop apply?

Yes, sole proprietors can apply. It takes about 5 minutes and uses a soft credit pull.

What if the equipment is under $25,000?

Our range starts at $25,000. Smaller purchases often fit a supplier payment plan or cash.

%s

Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.

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