At Rockliff Finance, we understand that launching or expanding a carwash business involves navigating a range of financial decisions. From upgrading equipment to acquiring a business or purchasing land, securing the right funding is key to achieving your goals.
Led by Tom Rockliff, our team specializes in asset finance solutions tailored to the unique needs of the carwash industry.
Understanding Your Carwash Financing Options
Equipment Finance
Equipment finance is designed to support the purchase of fixed assets for your carwash, such as automated wash systems or company vehicles.
• Loan-to-Value Ratio (LVR): Typically 80%-100%, meaning you may not need a deposit in some cases.
• Term: Standard terms are 5 years (60 months), with fixed payments to help you plan your cash flow.
• Benefits: Allows you to upgrade or maintain state-of-the-art equipment, keeping your operations efficient and competitive without large upfront costs.
Trade Finance
For carwash operators importing equipment from overseas, trade finance provides a solution to cover costs during transit and installation.
• How It Works: Funds are provided to pay suppliers abroad, bridging the gap until equipment arrives in Australia. Once installed, the loan transitions to equipment finance for long-term repayment.
• Advantages: Offers flexibility to manage international transactions and ensures smooth integration of new machinery into your operations.
Business/Purchase Loan
If you’re looking to acquire an existing carwash business, a business purchase loan can help make it happen.
• LVR: Generally set at 50%, requiring a 50% deposit or equity to secure the loan.
• Term: Loan terms are typically aligned with the length of the business lease, providing predictable repayment schedules.
• Considerations: This option is ideal for entrepreneurs seeking to take over an established operation, leveraging existing customer bases and infrastructure.
Land Purchase Loan
For those planning to build a carwash from the ground up, a land purchase loan supports the acquisition of property.
• LVR: Up to 70% with select lenders, meaning a 30% deposit or equity (or a combination) is required.
• Benefits: Provides the foundation for a custom-built carwash, offering long-term stability and the potential for asset appreciation.
• Terms: Flexible repayment structures tailored to your financial strategy.
Rockliff Finance aims to simplify the financing process so you can focus on running and growing your carwash business.
Here’s how we support you:
• Dedicated Support: With Tom Rockliff as your single point of contact, you’ll receive personalized guidance throughout the financing process.
• Lender Expertise: We work with a network of trusted lenders to secure competitive terms that align with your business objectives.
• Customized Approach: Every carwash project is different, and we tailor solutions to fit your specific needs, whether you’re upgrading equipment or acquiring a new site.
• Efficiency: We handle the paperwork and lender negotiations, streamlining the process to save you time and effort.
Choosing the right financing option is a critical step in building or expanding your carwash business.
If you’d like to explore how these solutions can work for you, Tom (mobile) 0400 710 877 or email is here to provide expert advice and answer any questions.
We look forward to helping you navigate your carwash financing journey with clarity and confidence.
Thank you to ACWA Supplier Member Tom Rockliff for writing this article.
