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Equipment financing for auto repair & service

A loan to buy equipment, secured by the equipment itself. Shop owners use Credible Lending equipment financing to add a lift or bay or buy EV and ADAS diagnostic tools, with matched to the equipment's useful life and same-day decisions.

Apply nowAbout equipment financing
See what you qualify forStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your advisor.

$10K$5M
How long have you been in business?
What's your average monthly revenue?

Total deposits into your business account in a typical month.

What's your personal credit score?

An estimate is fine. Applying won't affect your score.

Where should your advisor reach you?

We'll use this only for your application.

Equipment financing for shop owners
AmountUp to 100% of equipment cost
TermMatched to the equipment's useful life
SpeedSame-day decisions
PaymentsMonthly
Best forMedical, manufacturing, construction and technology equipment

Common uses in auto repair & service

  • Add a lift or bay
  • Buy EV and ADAS diagnostic tools
  • Stock common parts
  • Upgrade shop software

Why shop owners choose equipment financing

Diagnostics keep changing

Newer vehicles need newer tools. Finance them against the equipment.

Parts are cash up front

A line of credit covers parts for big jobs until the customer pays.

Bays are revenue

Every added lift is capacity you can sell.

How does equipment financing work?

  1. 1

    Share the quote or invoice from your vendor, new or used.

  2. 2

    We confirm the equipment's value and structure a term around its useful life.

  3. 3

    Funds go to the vendor or to you, depending on how you're buying.

  4. 4

    The equipment works for your business while you pay it down.

What do I need to qualify?

  • 1 year in business
  • $10K+ in monthly revenue
  • 625+ FICO score
Check my options

Other funding for shop owners

Questions, answered

Something else on your mind? Ask an advisor.

Can shop owners qualify for equipment financing?
Yes. Most Credible Lending programs look for at least one year in business, $10,000 or more in monthly revenue and a 625+ credit score. We review auto repair & service financials with the industry's cash-flow patterns in mind.
Do I need a down payment for equipment financing?
Often not. Many approvals cover up to the full cost of the equipment, depending on your credit profile and the asset.
Can I finance used equipment?
Yes. We finance new and used equipment from dealers, manufacturers and private sellers, subject to valuation.
Can I finance diagnostic equipment?
Yes. Diagnostic tools, lifts, alignment machines and paint booths all qualify for equipment financing.

Ready when your business is.

Apply in about three minutes with a soft credit check. You'll hear back the same day.

Apply nowTalk to an advisor