How much do you expect to spend on tools?
Getting Bad Credit Tool Financing
We make it easy for you to get a financing offer for the tools that you need, even if you have bad credit. Even better, if you are approved and choose to accept a loan, you will get your money in cash. Funds will be deposited directly into your account, making you a cash buyer.
As a cash buyer, you can shop wherever you like. Get the exact tool that you want and shop for the best price. This may be much better than in store financing because you are not limited to the selection of tools that one store decided to carry.
Getting Your Offer
Getting your tool financing offer is easy and you may be able to get an approval, even with bad credit. This is because we are not lenders but instead get you access to a larger group of lenders. More lenders means more chances of getting a YES from one of them.
Here is how the process works.
First, head up to the top of the page and fill in your quote form. You will select how much you expect to need, enter some information about yourself, your income and what bank you want your money sent to.
Then, agree to the terms, submit your offer and wait for an answer. If approved, one lender will make you a loan offer. You will then visit their website to review the terms of your offer. Take your time and do not rush on this step. Make sure that you understand all of the details of the loan so you can make an informed decision.
Should you decide that you like your loan offer, you can accept it and have money in your bank account as soon as the very next business day. Don’t like the offer, no problem, just walk away.
Making Your Decision
Once you have your offer, you should think long and hard about accepting it. If this is tool financing for bad credit, the terms are likely to be a bit harsh, so you need to ask yourself a few things.
First, ask yourself if you can afford the loan. Make sure that you can make the payments when they come due. Write out a simple budget with all of your expenses and your new loan payment or payments and compare it to your take home pay.
Next, ask yourself if the loan is worth the cost. Everyone will have a different answer to this question. If you are using the loan to pay for work tools, for example, you might be willing to accept a higher cost.
Shopping For Your Tools
If you decided to accept a loan, now is the fun part, buying your new tool or tools. As a cash buyer, you can shop wherever you like and get whatever you need, even a vending machine to make a nice side income. Here are some things people often buy with there money.
Power Tools: Anything from table saws to impact drills can be financed, even with bad credit.
Air Compressors: A good air compressor gives your shop or home garage the power to handle just about any task. There is no beating an air tool for speed and power.
Tool Boxes: This could be anything from a standard tool box to a massive tool chest. Organization is key, especially for professional mechanics with an extensive mechanic’s tool set.
Pressure Washers: No good home owner should be without a pressure washer to clean siding and walks. Professionals can also make good money power washing commercial properties.
Generators: If you work construction, you know how valuable a generator can be to power all of those tools. They are also very handy in areas that receive strong storms and frequent power outages.
Welding Equipment: These machines come in a wide range of sizes from the basic hobby welder to the big trailer mounted machines. A nice tool that goes along with it, the plasma cutter, can cost nearly as much as a welder. Prices can run well into the thousands of dollars for this equipment, which is where tool financing comes in, even with bad credit.
Heavy & Commercial Equipment
Don’t forget about all of that heavy equipment that is needed. Things like skid steers and compactors. Your tool loan will be a cash loan, so you can buy what you like. If you have a commercial business you might be interested in equipment like a wheel balancer. Let us help you make it affordable.
Other heavy duty equipment that you might consider purchasing is listed below.
Miscellaneous Gear
You can really use your financing for anything. If you need a sewing machine for your upholstery hobby, get one. If you need another specialty tool such as an embroidery machine, make your purchase. Having a cash loan gives you all kinds of options.
