A mechanic in coveralls checking a vehicle with a tablet

Automotive shop and dealership equipment financing

Hoists, diagnostics, paint booths and full shop buildouts.

Estimate your paymentExample rate 9%

Equipment cost

$1,967/month over 48 months

CBL funds up to $1,000,000

Example only, not a quote. The lease example includes a 10% buyout at the end of the term. Your rate depends on credit, time in business and the equipment.

Continue to application

The short answer

CBL arranges financing for automotive shop equipment, including hoists, alignment systems, paint booths, diagnostics and full bay buildouts. It suits independent repair shops, franchise locations and dealerships that want to add bays or replace worn equipment without paying the full cost up front. We work with new and used equipment, and approvals can come the same day.

At a glance

CBL Financial is an equipment financing brokerage in Calgary, Alberta, that arranges automotive equipment financing for businesses across Canada. Funding goes up to $1,000,000, terms run 24 to 72 months, and approvals can come the same day for straightforward files.

Automotive financing at a glance
What it is	Automotive equipment financing, arranged through a lender network
Funding	Up to $1,000,000
Terms	24 to 72 months
Approval time	Same day possible for straightforward files
Where	Businesses across Canada, from a head office in Calgary, AB
Equipment	Hoists & lifts, Alignment systems, Paint booths, Diagnostic equipment, Tire machines & balancers
Sellers	New or used, from a dealer, auction or private seller
Rate and down payment	Set by the lender for each file, based on credit, the asset and its age

Adding a bay means buying a hoist, tooling and often diagnostics before the first job rolls in. We finance that equipment (hoists, alignment systems, paint booths, diagnostics) for independent shops, franchises and dealers, with used options that stretch a buildout budget.

Auto repair shop equipment financing

We arrange loans and leases for hoists and lifts, alignment systems, paint booths, diagnostic equipment, tire machines and balancers, and full bay buildouts. Equipment can be new or used, from a dealer, an auction or a private seller. Shops can add bays and equipment as demand grows, financing each addition when it is needed. Automotive shop equipment financing works the same way for a single hoist as for a full buildout. You fill in one application, and we place it with the lenders best suited to the equipment and your credit profile.

Paint booth financing

Paint booths are specialized collateral, and not every lender knows how to value one. We place booth financing with lenders who do. The same applies to a full bay buildout where the booth, the hoists and the diagnostics go in together as one file.

Auto repair shop funding and working capital needs

Equipment financing pays for the bay. Working capital covers payroll, parts inventory and a slow month. A working capital loan suits a defined expense and needs monthly revenue over $15,000. If you bill commercial customers on 30 to 60 day terms, invoice factoring turns those invoices into cash now. If you own equipment outright, equipment refinancing can raise cash against it while it stays in the shop.

Independent shops, franchises and dealerships

We work with independent repair shops, franchise locations and dealerships. For a franchise, the financing has to meet the franchisor’s requirements as well as the lender’s, and we structure the file with both in mind.

What lenders look at on a shop file

the equipment: a serial number or VIN the lender can verify, and reasonable remaining life
your recent business bank statements and time in business
the owner’s credit and any down payment offered

Startups and challenged credit are considered. Challenged credit usually changes the structure of the deal, for example a larger first payment or additional security. Our guide to equipment financing with bad credit covers what helps.

Common equipment we finance

Hoists & lifts
Alignment systems
Paint booths
Diagnostic equipment
Tire machines & balancers

Built for your industry

How automotive financing works

Bay-by-bay growth
Add bays and equipment incrementally as demand grows.
Booth expertise
Paint booths are specialized collateral, and we place them with lenders who know how to value them.
Franchise & independent
Both structures handled, including franchisor requirements.

FAQ

Questions owners ask

Can I finance used hoists, a used paint booth or other shop equipment?

Yes. Used shop equipment can be financed when the serial number can be verified and the equipment has reasonable remaining life. Paint booths are specialized collateral, so we place them with lenders who know how to value them. Dealer, auction and private-sale purchases are all considered.

Can a new auto repair shop get equipment financing?

New shops are considered, usually with the equipment as security. Lenders look at the owner’s personal credit, the equipment list and its value, and any down payment offered. For a franchise location, we work within the franchisor’s requirements as well as the lender’s.

What working capital does an auto repair shop need?

Working capital in a repair shop covers costs like payroll, parts inventory and a slow month. A working capital loan suits a defined expense and needs monthly revenue over $15,000, while a line of credit suits costs that come and go. If you bill commercial customers on 30 to 60 day terms, invoice factoring turns those invoices into cash now.

What if my credit is less than perfect?

You may still qualify, though challenged credit usually changes the structure of the deal, for example a larger first payment or additional security. As a broker, we can take your file to other lenders when one says no.