Tool Financing

If you need a loan for a tool or tools, we may be able to help. Even if you have less than perfect or bad credit. In any case, it is free to get an offer.

If you qualify and accept a loan, your lender will deposit cash directly into your account. This allows you to buy your tools as a CASH buyer.

A tool purchased with financing.

Getting Bad Credit Tool Financing

At FinanceYourGear.com, 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. Here are some things people often buy with there money.

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 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.