Auto shop equipment leasing and financing

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. 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.

Financing for your small business needs

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.

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Offer financing to your customers

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.

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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.

Products

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?

Technology

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.

Upgrade

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?

When you select CIT to handle your automotive equipment leases or loans, know that you are working with one of the best! Get started by submitting an online application today.

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