Specialist
Garage Equipment Finance
Funding Solutions for Garage Owners
Funding Solutions for Garage Owners
If you are looking for a way to upgrade your garage without breaking the bank, you might want to consider garage equipment finance and leasing. This is a smart and flexible option that allows you to access the essential garage equipment your business needs and pay for it over time.
Whether you need vehicle lifts, diagnostic tools, MOT bays, or tyre changers, you can find a finance solution that suits your needs and budget. In this page, we will explain what garage equipment finance and leasing is, how it works, what the benefits are, and how you can apply for it.
Garage equipment is vital for many businesses to provide quality service and repair to their customers’ vehicles. However, constantly upgrading garage equipment can be very expensive and financially challenging. This is where garage equipment finance and leasing comes in.
There are two main types of finance available: hire purchase and operating lease.
With hire purchase, the business pays a deposit upfront and then makes regular payments over an agreed term, usually 12-60 months. At the end of the term, the business owns the equipment. Hire purchase is suitable for businesses wanting to own the garage equipment eventually. It also allows the business to claim tax relief on the equipment as it depreciates.
With an operating lease, the business pays a monthly fee to use the equipment for a fixed term, usually 2-5 years. At the end of the term, the business returns the equipment or has the option to upgrade, extend the lease, or purchase the equipment at a reduced price. Operating leases allow maximum flexibility and convenience. The business never owns the equipment and so does not have to worry about maintenance, disposal or depreciation.
Financing garage equipment is fairly straightforward, and doesn’t differ too much from the standard process, first you would:
Here’s a quick rundown of some of the benefits you can enjoy with garage equipment finance for your business:
Garage equipment finance and leasing also has some potential drawbacks that businesses should be aware of before entering into a finance agreement. Some of these drawbacks are:
You can finance almost any type of garage equipment that you need for your business, including:
Garage equipment finance can help you reach your business goals in many ways. With an operating lease, you could finance essential equipment such as a vehicle lift and a diagnostic tool for your garage, and improve your service and repair capabilities without a large upfront cost. Or, utilising hire purchase, you might invest in a new MOT bay and equipment for your garage, and increase your revenue and customer base while claiming tax relief on the equipment.
At Clifton Private Finance, we can help you get the finance you need for your garage equipment and solutions. We have access to a wide range of lenders who specialise in garage equipment finance and leasing. We can find you the best deal that suits your needs and budget. Contact us today and let us help you upgrade your garage.
In need of Garage Equipment Finance & Leasing? We can help you:
And when we’ve established the best type of finance for you, we will:
Call our team on 0203 900 4322 to discuss your requirements or book an appointment.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
