Auto Shop Equipment Leasing and Financing
|Amount to Finance:|
|Financing Type:||Equipment FinancingWorking Capital|
|End of Term Option:||N/A|
|Sample Time in Business:||5+ years|
You know how important automotive equipment is to your auto service shop. Without access to the proper tools, it can become difficult to properly or efficiently address certain vehicular service issues. Unfortunately, purchasing new equipment for your shop can be cost prohibitive, and you may not be able to afford to buy what you need. If the time has come to upgrade your facility, but you cannot or do not want to sink all of your money into buying equipment that you know may wind up becoming obsolete in a few years anyway, you owe it to yourself to consider automotive equipment financing. Direct Capital can help. Our experienced team of financial experts specializes in automotive equipment finance. We can help get you the loan you need to upgrade your repair tools, stay competitive, and turn your jobs around faster and more efficiently.
Benefits of Auto Shop Equipment Leasing
Whether you are in the market for a new car lift, tire changer and balancer, air compressor, jack, or any of the other types of shop equipment, opting to lease your gear is a truly savvy choice for a variety of different reasons. There are so many benefits to equipment leasing, including specific tax and accounting advantages that you will want to ask your accountant about. Although this is far from a comprehensive list of benefits, a few of the most important features to consider are listed below:
Typically, purchasing pre-owned equipment means you have very few options to choose from in order for it to fit your budget. When you lease your gear through an automotive equipment leasing company, you will have access to a tremendous selection of products that meet the needs of you and your staff perfectly. Wouldn’t it be nice to finally get the gear you really want, rather than what is available in your price range?
Sometimes, equipment outlives its usefulness for more modern vehicles. If your leased equipment starts getting too old or worn out to be useful, you aren’t financially tethered to it forever—simply give it back to the leasing company at the end of the contract term without any further obligation or money owed.
Leasing companies understand that as time passes, you may want to continue to upgrade your tools to meet the needs of your shop. Rather than having to sell off your old gear, playing the waiting game until you can afford to purchase new equipment, you can simply upgrade when your lease contract is up for renewal. This translates into both short-term and long-term enhanced profits.
Ready to get Started?
Not all automotive equipment finance companies are created equal. When you partner with Direct Capital to handle your automotive equipment loans, know that you are partnering with the best! To learn more about our financial programs or to get started with an application, please give us a call today at (866) 777-0117. Our helpful customer service team is looking forward to receiving your call!