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Financing Options for Car Lifts

First Capital

Financing equipment for your auto repair shop can be easy!

Car lifts are one of the essential pieces of equipment when it comes to running your own auto repair business. Whether your shop does oil changes, wheel alignments or major jobs like engine/transmission repairs, you will need one form of a car lift or possibly different lifts specific to the type of work being done on the vehicle. Having the right equipment for your business will help you achieve success with your business. Depending on the type of life you need for your business might create cash flow issues especially if you are just starting your business. Financing the car lift might be a great and affordable solution if you are seeking to preserve your capital. 

car on lift at shop

Knowing what type of car lifts you’ll need for your business

Hopefully by now you will have an idea on the type of lift or lifts you’ll be needing for your garage. If you already have an understanding of the different types of car lifts, you can skip this part and go to —insert hyperlink— We will list just a few different types of car lifts and the functionality for each one.

  1. Low-Rise, Mid-Rise & Full-Rise Scissor Lifts: These are perfect for smaller work areas and jobs that don’t require a high lift and for low ceiling garages. The lift takes up very little space, and has the capability to lift up to 10,0000 lbs. The lift usually will support the vehicle by the frame and is powered by an electric-hydraulic power unit. They do not require to be permanently installed, so if they need to be moved around the shop to create more space for other jobs, these can be moved to a different location. These types of lifts are perfect for jobs that require very little height increase like oil changes, tire rotations, brake jobs, etc. Mid-rise lifts will usually go up to 48” when fully extended, unlike the low-rise lifts which usually go 24”. 

  2. Two-Post Lifts: The two-post lift is a surface mounted lift, and these will require a garage that allows for a higher clearance. These lifts are two posts that are elevated by hydraulic and/or electric power. Depending on the brand, they will have all different weight ratings anywhere from 8k to 30k lbs. Whether you’re doing passenger vehicles or commercial heavy duty, just make sure you choose the one right for your jobs.

  3. Four-Post Lifts: These lifts allow the vehicle to be driven onto the runway and the vehicle will be lifted by the tires. This is opposed to the two-post lift which is lifted under the frame of the vehicle. Just like the two-post lift, these would require a higher height clearance in the garage. This type of lift will usually be rated for a heavier load capacity. 

  4. EV Battery Lift Tables: Within the recent years, the Electric Vehicle market has really grown. This type of lift is designed similar to the scissor lift and is to be used in conjunction with a car lift that has the ability to lift the vehicle to the proper height. These lifts will range from 2,000 to 4,000 lbs ratings. They have the ability to maneuver around the garage with the wheels that are installed at the bottom of the lift. They are not only used for batteries, but also engines, transmissions and anything else that would require a heavy lifting application. 

  5. Alignment Lifts: Depending on your market and garage space, this is more of a specialty lift. Though it can be used for other purposes, this will take up floor space. This lift has plates/turntables that are used to align the wheels of the vehicle. 

So, as you can see, there is a wide variety of options to choose from. These are not the only car lifts on the market, so make sure you do your research. Making sure your garage has the right equipment for your needs will be key. Do your research, even if that means visiting and speaking to other mechanic shops. Getting a good understanding of how these lifts will work from the business owner’s perspective would be ideal.

scissor lift mechanic working

Car Lift Financing Programs for Everyone

  • Programs suitable for start-ups and established businesses
  • Saves you time and money
  • Programs for every credit score

We offer both traditional and non-traditional financing programs for those who have good and bad credit. Our programs start with the minimum amount financed at $5,000 and the maximum going to $2,000,000. We also can finance new or used equipment. This is not limited to just car lifts, we can also help finance all the other tools and equipment necessary for your garage. Depending on what type of car lift you’re in the market for, it’s a good idea to contact us first and get pre-approved prior to signing any agreements or putting any type of deposit down with the dealer or seller.

Program Highlights

  • Startup businesses are OK!

  • Challenging or Bad Credit is Ok!

  • No Income Verification Programs!

  • Income-Based Financing for Lower Credit Grades!

  • Get prequalified over the phone within 5 minutes, call 888-565-6692

After you’ve called us, and spoken with one of our advisors these are the steps needed to get the ball moving in the right direction.

Eligible Equipment (New or Used)

If you don’t see your equipment listed, don’t worry! We most likely finance what you need – simply give us a call at 888-565-6692 and we’ll let you know!

First Capital Business Finance

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Getting the loan you need is simple. Contact us & you can get prequalified for your loan on the same day!

Step 1

Reach out to us via phone or the contact form on this website.

Step 2

We'll contact you to get the information we need to process your loan.

Step 3

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What Our Customers Say

car lift in auto shop

You need it, we finance it! If you don’t see your equipment listed, call us!

These are just to name a few. If you don’t see your type of equipment listed, simply give our office a call. We offer financing on just about any type of  equipment. Any of our business development managers can help guide you through our simple auto shop equipment financing process and will go over the options that are best suited for your company. Even if you have previous bankruptcy, First Capital can help you get the financing you need for your business. Good or bad credit, we have a program for you.

Streamlined Automotive Equipment Financing for Startups

car on lift

Securing top-tier automotive equipment with affordable, steady monthly payments can greatly benefit your startup venture. By opting to lease automotive equipment that depreciates, you free up your working capital for investments that appreciate, such as hiring top talent, covering new location rent, stocking inventory, and acquiring supplies. When compared to traditional lenders, our offerings provide numerous advantages:

  • 100% purchase financing
  • Up to $150,000 accessible via a straightforward one-page application
  • For larger needs, up to $3,000,000 with financial disclosure
  • Expedited funding, often within one business day, with pre-funding options available for equipment vendors
  • Fixed payment terms spanning 12 to 72 months
  • No mandatory down payment requirements for qualified applicants
  • Competitive rates, among the industry’s lowest, for borrowers who meet the criteria
  • Eligibility for both new and used equipment acquisitions
  • No impact on owners’ personal credit reports

Credit Prerequisites for Startup Auto Repair Shops:

  • Active business license or registered business entity with the secretary of state
  • Personal guarantees from all owners
  • Minimum credit score of 600
  • No recent bankruptcies within the last 7 years
  • No outstanding tax liens

vehicle on lift at mechanicRevitalize your auto shop with the latest equipment and propel your business to new heights. First Capital is your trusted partner in securing the financing you need to upgrade your automotive facilities. Don’t let financial constraints hinder your progress; take advantage of our tailored Auto Shop Equipment Financing solutions today. Accelerate your success with First Capital – where your ambitions meet the means to achieve them. Contact us now to embark on a journey of innovation, efficiency, and growth for your auto shop. Your future in the automotive industry starts here!

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