Investing in a new Car Wash
Sometimes despite a heavy investment, it makes sense to replace old equipment that is at the heart of the business.
Car washes are in constant demand and only make money when they are working.
One of our clients based in Victoria realised that all the repairs to a 20 year old machine were eating away at the company profits.
Classic Funding Group Solution:
$237,000 loan over 5 years to buy the new equipment
The solution was to buy a brand new state of the art machine from Washtec. This German manufacturer manages the maintenance online and has a long engineering heritage. Their Australian division are on hand for any local needs.
With a 14 year life span or more expected and lower running costs, the new equipment has seen turnover increase.
If your business has a key piece of equipment essential to your profits, talk to Classic Funding Group about our finance options to replace or upgrade.