Drive Growth in the Auto Repair Industry

🏎️ Brokers, rev your engines. 82% of auto repair companies plan to purchase equipment in the next 60 days.

• The auto repair sector is experiencing significant growth, leading to increased demand for equipment financing.

📊 By the numbers:

• Revenue growth: Average revenues in the sector have increased by over 30% compared to 2022.
• Capital expenditure needs: The average capex requirement exceeds $48,000 annually per location.
• Financing preferences: 71% of companies prefer financing options outside their primary bank relationship.

Takeaway for brokers: Focusing on the auto repair industry can open new avenues for equipment financing deals.

• Mechanics and technicians want to be doing—not waiting on their bank for loan approvals.

🧰 TimePayment can help. We have a long history of serving the auto repair sector, with financing solutions that put small to medium-sized shops ahead of their competition.