Auto shop equipment leasing and financing

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. CIT can help.

Sell your customers the auto shop equipment and technology they need to keep their business updated with financing. When you offer financing through CIT, you give those customers purchasing power and empower them to succeed while enabling your own success.

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 automotive equipment through a 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.