Finance question
Equipment finance for mechanics and workshops?
Yes. Two-post and four-post hoists, wheel aligners, diagnostic scan tools, tyre changers and air compressors all finance as workshop equipment, secured against the gear rather than your cash. Deals often settle low-doc or no-doc, so you can bring another bay online fast, and we place them across 40+ lenders with no upfront fee to you.
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The short answer
Add a bay, keep the cash for parts and wages
A workshop makes money from bays and turnaround. A new hoist, a wheel aligner, a modern diagnostic scan tool or a tyre changer lets you take on more cars, but paying cash pulls capital out of a business that lives on parts stock and mechanic wages. Equipment finance spreads the cost over the working life of the gear so the bay earns while you pay it off.
The equipment secures the loan, so the paperwork is light. Many workshop deals settle low-doc or no-doc on an active ABN, often with no financials. That suits an owner-operator who is under a car most of the day and does not have time to compile returns and BAS before ordering a hoist.
As a broker we work across 40+ lenders, and appetite varies on whether the gear is new or used and how established the workshop is. A new hoist or scan tool finances easily, and quality used equipment still finds a lender. We match your situation to the right one and advocate for the deal, and the lender pays us on settlement.
Do you qualify?
What a workshop deal usually needs.
The workshop asset
Hoist, wheel aligner, scan tool, tyre changer or compressor to secure it.
An active ABN
Owner-operators, sole traders and companies all qualify.
A supplier quote
The invoice or quote for the equipment you are buying.
Deposit optional
Often none needed, though it can help on used gear.
Why workshops finance gear instead of paying cash
Cash for parts and wages
Keep working capital for stock and mechanics, not tied up in a hoist.
Secured by the equipment
The gear carries the risk, so your other assets usually stay clear.
Bring a bay online fast
Approvals often in 24 to 48 hours, so the extra capacity earns sooner.
A real example
A workshop wants to open a third bay with a $12,000 two-post hoist, a wheel aligner and a modern diagnostic scan tool, around $40,000 all up. Rather than spend the parts float, the package is financed low-doc, secured on the equipment. Approved inside two days, the bay is booking cars by the following week. Illustrative only.
Common questions
Frequently asked questions
Can I finance a hoist and a scan tool together?
Often yes. Multiple items can go on one facility or as separate agreements, whichever structures better for you.
Can I finance used workshop equipment?
Usually yes, including quality used hoists and aligners. Very old gear can narrow which lenders will look at it.
Do I need financials to buy workshop gear?
Frequently no. Many deals settle low-doc or no-doc on an active ABN, with the equipment as security.
Can I finance a fixed hoist that bolts to the floor?
Yes. Fixed workshop equipment can be financed the same way as portable gear, subject to lender assessment.