Lease and Finance Arrangements for Vehicle Repair and Maintenance
Garage Equipment Finance and Lease
Maintain and Grow Your Business
Many reports will tell you that there is a downturn in global sales of new cars, while others say that a slow increase is starting.
Whichever report you pay attention to, it means that so long as there are vehicles on the road, garages to repair and maintain those vehicles will alway be in demand.
A decline in vehicle sales means that our cars are getting older and will be in need of more regular repair.
If the purchase of new cars is on the increase, new specialist equipment will be needed to keep ahead of technological advancements in vehicles so garages meet the needs of their customers.
Finance Tools and Upgrades, Improve and Scale Your Business
Finance for the Garage Industry
An Essential Service for Cars and Commercial Vehicles
A report by Ibis World states that, “Although new cars tend to require fewer repairs, the greater number of cars on UK roads has stimulated demand for industry services.”
Whatever the age of a vehicle owned personally or professionally, both independent and dealership garages will remain an essential part of the UK economy.
And this need is only set to grow with increased volume of freight on our country’s roads.
Keeping your garage up-to-date with technological advances is important to the longevity of your business.
How Technological Upgrades Will Benefit Business
As well as serving personal customers, technological advance in the garage industry can benefit businesses in many sectors, including self employed and SMEs:
- Freight carriers – emergency servicing
- Company leasing – maintenance of vehicle fleets
- Sales team fleet – roadside recovery
- Commercial vehicles – fast repair to keep businesses on the road
- Public transport
A Practical and Productive Solution
Car maintenance and servicing has been around since the invention of the combustion engine. Modern technology has increased the demand from high quality servicing and repair and the cost of new equipment to meet that demand might seem out of your business’s capabilities.
However, solutions are available to you that will suit your garage equipment finance needs.
Needing expensive equipment doesn’t mean you have to compromise in other areas of your business. Loans and leasing can be the right choice to avoid huge upfront costs.
Reap the Benefits.
Expand your business while maintaining safety and quality
Investing in machinery and equipment regularly means you will be able to maintain your presence and keep up with other companies as well as technological advances.
Coates have over twenty years experience in garage equipment finance and leasing and will guide you through our simple process to arrange a finance solution that will see your garage go from strength to strength.
You can use one of the following solutions to finance or lease your car maintenance equipment.
- Hire Purchase
- Finance Leasing
- Operating Lease
- Asset Refinance
- Commercial Business Loans
- Secured Business Finance
- Unsecured Business Loans
Working Capital Loans
Our asset finance experts help you to get ahead in the current market so you can keep up with technological advances and grow your vehicle maintenance and repair business.
Lease and Refinance Your Garage Equipment and Machinery with Coates
Fund your equipment costs so you can focus on growing your business.
With access to capital for up-to-date equipment you can keep your business operations running smoothly, your costs low, and your safety standards high.
Obtaining asset finance means you can become more efficient while spreading the cost of purchases and upgrades.
Your business will run more smoothly, freeing you up to concentrate on your growth.
List of equipment for your garage
Here’s a list of car maintenance equipment you can finance:
- Spraying booth
- Analytics equipment
- Scissor lift
- Wheel balancer
- Tyre changer
- MOT testing equipment
- Workshop tool
- Air compressor
- Diagnostics tools
- Pit bay
- Emissions analyser
- Workshop design equipment
If you’re looking to fund any garage machinery or equipment, complete the contact short form or request a call back today
We offer personalized funding Solutions
Finance solutions for vehicle maintenance & MOT services
Hire purchase allows you to obtain the garage equipment your business needs and pay for it in increments over a negotiated period.
At the end of the agreed-upon time, you will be offered the option to purchase the asset.
A finance lease works like a loan agreement that allows you to acquire the garage equipment and machinery your business needs without having to buy them outright.
Coates arranges for a funder to purchase the assets your business needs for you and lease them back to you over a negotiated time period.
An operating lease is an agreement that allows your business to use and operate equipment and machinery without committing to ownership.
The agreed-upon rental term of an operating lease is typically shorter than the life of the asset.
Asset Refinance is an ideal solution for your business if you also use heavy equipment, plant machinery or vehicles.
Also known as a sale and leaseback agreement, this finance solution allows your company to sell existing assets in return for working capital.
This enables you to still use your assets by leasing them back from us whilst freeing up cash for other purposes.
Secured commercial loan
A secured business or commercial loan is a loan secured against an asset of the borrower, giving them the working capital they need right away.
Unsecured Business Loan
An unsecured business loan allows businesses to obtain essential equipment without collateral.
Your Journey Begins Here
Partner with Coates Finance
Here is what You need to get started
Fast Finance for Your Garage Company in 3 Easy Steps
Partner with one of the UK’s leading asset finance providers.
Our friendly team of experts are waiting to assist you and your company.
We’ll help you finalise a solution that meets your needs, and take the hassle out of the decision-making process so you can spend more time on what matters to you most – growing your business.
We have streamlined the application process and made it super simple to apply for the funding you need.
Complete the short form below and let’s get started today.
Complete the form below and speak to one of our knowledgeable finance professionals, who will answer your questions and guide you through the final steps to a solution that works for you.
You can also give us a call if you need immediate answers to your questions. Our friendly experts will happily answer any questions you may have before you begin your application.
Call us on 01904 948008
Lines are open
9:00am – 5:30pm Monday to Friday
(excluding UK bank holidays)
We'll Help You Every Step Of The Way
Finance Your Garage Business Today
Follow the simple 3 step process to finance your business today.
Once you have completed the first step, we will get you on a call to answer any more detailed questions you may have and move quickly towards getting your financial requirements successfully approved
Complete the Form
Complete the simple form below and apply online for the amount you need to grow your business
Receive Fast Approval
We will process your application and aim to get you approved for your desired amount in 24-48 hours
Now you’ve been approved, you can acquire the assets you require to grow.
Let's Get Started
All you need to do is complete the form and submit your application to get started today