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How to Get Car Wash Financing

Posted On: February 13, 2023 author Paul Kendall

Own a car wash and need a little extra funding to buy car wash equipment and other business upgrades? Or you’ve heard about how much money a successful car wash can make, and want to start your own? Either way, you know that running a car wash takes a significant amount of capital to start and operate.

So how are you going to go about getting all that car wash financing? The best car washer equipment isn’t cheap after all. Lucky for you, there are a couple of options open to you and anyone else trying to get car wash loans.

Try the Bank for Car Wash Financing


There’s a small group of business owners (or future business owners) that have such good financial credentials that they can get a top notch car wash loan from the bank. Anyone can apply for a car wash loan at the local bank, but not everyone will be granted the funds. 

Generally speaking, if you have the right credentials and can be approved, the bank will offer you a financing deal that is hard to refuse. In those cases, if you have plenty of time to wait for your funding, it’s a great option.

On the flip side of car wash loans from a bank, they are harder to get, take longer, and come with other stipulations (like maintaining a certain bank balance minimum). I expect that you, like so many other business owners don’t have “perfect” credentials or don’t have the time to wait to get funding.

Other Car Wash Equipment Financing Options


So what other options are there to cover the cost of car wash equipment and other business expenses? First you need to figure out two things: 1) are you using the funding to finance your equipment or as working capital for expenses and, 2) how good is your business and personal finances?


Car Wash Equipment Leasing & Working Capital

When it comes to the financing you get from car wash equipment leasing companies, you’ll need to know what you plan on using it for. Certain car wash equipment leasing companies will only supply you with the money you need if it’s reserved for certain uses (such as covering car wash equipment cost or specific business expenses).

Car wash equipment can cost up to $1,000,000 when it's all said and done. Utilizing equipment leasing for your car wash purchase can offer a balloon payment at the end to help keep your payments lower and more manageable.

In the equipment finance industry you can also be offered a $1 buy out lease. When you structure your car wash financing on a $1 buy out lease agreement you get section 179 tax benefits.  The deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. 

What will my car wash equipment leasing payments be?

Using an equipment lease calculator you can quickly come up with a monthly payment for budgeting purposes.

Car wash equipment leasing companies like Trust capital have a resourceful car wash financing calculator tool to help you see what your car wash equipment lease payments and car wash finance rates could be. 

Also includes an amortization schedule for your accountant. Use this amortization schedule to give to your accountant during business tax season to help him decide the best way for you to get the best tax write offs now and in the future to lower your taxable income. 

Business & Personal Financial Status

Your business and personal financials also play a big role in what kind of financing you can get. You’ll need to know the following to get started:


  • How long have you been in business?
  • What’s your personal and business credit score?
  • How much cash flow do you have?
  • How much do you have in assets?


All of these factors can play a role in what kind of financing you get, how much you’ll be allowed, and how much your payments will be. You’ll look like a better investment to a car wash equipment leasing company if you’ve been in business for a while, have a decent credit score, have a positive cash flow, and can put forward certain assets as collateral.

Start up car washes can get approved up to $75,000 in equipment with just a single one page credit application if they're a home owner and over a 700 FICO score, otherwise if the request is over 75K the owners will have to submit a full financial package to obtain an equipment financing approval. 

More Resources

Startup Business Equipment

Equipment Financing

Box Truck Leasing

Ready for to get a no obligation Car Wash Equipment Financing approval? Please feel free to call Trust Capital at 866-458-4777 and one of our team members will be glad to help!

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