Stop letting equipment costs dictate your growth. Finance Carrier, Trane, Lennox, Daikin, and York systems — plus vans, tools, and diagnostics — over 24–60 months with no down payment required.
The fundamental problem for every growing HVAC contractor is this: the equipment and vehicles required to grow cost more than most contractors can comfortably pay out of pocket without compromising cash flow. A Ford Transit van equipped with tools and inventory runs $55,000–$75,000. A new Carrier commercial rooftop system for a strip mall client is $15,000–$25,000 installed. To win the job, you have to have the equipment. To have the equipment, you need capital you may not yet have.
Equipment financing solves this problem by using the equipment itself as collateral. Because lenders have a hard asset securing the loan, they extend lower rates and longer terms than unsecured working capital products. Your monthly payment becomes a predictable line item instead of a cash shock — and the equipment you finance starts generating revenue from day one.
For HVAC companies specifically, equipment financing also creates a tax planning opportunity. Under IRS Section 179, qualifying business equipment purchases may be fully deducted in the year of acquisition rather than depreciated over multiple years. This means a $60,000 van financed over 48 months may generate a full $60,000 deduction in Year 1. Consult your accountant for specifics, but the combination of low monthly payments and potential full-year deductions makes equipment financing one of the most financially efficient tools available to HVAC contractors.
Nearly any tangible equipment used in your HVAC business operations qualifies for equipment financing. The table below captures the most common categories and typical cost ranges based on current wholesale pricing.
| Equipment Category | Specific Items | Typical Cost | Suggested Term |
|---|---|---|---|
| Residential HVAC Systems | Split systems, heat pumps, mini-splits (Carrier, Lennox, Trane) | $3,000–$8,000 each | 24–36 months |
| Commercial HVAC Systems | Packaged rooftop units, chillers, VRF systems (Daikin, York, Carrier) | $8,000–$25,000+ | 36–60 months |
| Service Vans | Ford Transit, RAM ProMaster, Mercedes Sprinter | $35,000–$65,000 | 48–60 months |
| Refrigerant Recovery Equipment | Appion G5 Twin, Yellow Jacket recovery machines | $800–$2,500 | 24 months |
| Diagnostic & Test Equipment | Testo analyzers, Fieldpiece instruments, digital manifolds | $500–$3,000 | 24–36 months |
| Duct Fabrication Equipment | Plasma tables, duct forming machines, coil slitters | $15,000–$60,000 | 36–60 months |
| Crane / Lift Equipment | Rooftop unit cranes, material lifts, personnel lifts | $10,000–$40,000 | 36–48 months |
| Shop Equipment | Sheet metal brakes, pipe benders, plasma cutters | $5,000–$25,000 | 36–48 months |
Understanding the wholesale cost of major HVAC brands helps contractors build accurate job quotes and determine the right financing amount. Prices below reflect approximate wholesale contractor pricing as of early 2026.
For a contractor buying 10 residential units to stock for summer, that's $35,000–$65,000 in equipment alone — before labor, refrigerant, and overhead. Equipment financing spreads that cost across 24–36 months, with monthly payments of approximately $1,100–$2,200 depending on term and rate. The units pay for themselves through installation revenue before the financing is half repaid.
Your service van isn't just transportation — it's a mobile warehouse, a rolling advertisement, and the most visible asset of your brand. HVAC service vans require specialized outfitting: ladder racks, refrigerant tank storage, parts drawers, tool organization systems, and increasingly, diagnostic tablet mounts for smart HVAC diagnostics. A properly outfitted HVAC service van costs $55,000–$80,000 fully equipped.
Fleet expansion is one of the most leveraged investments an HVAC contractor can make. Each additional technician running their own van generates $150,000–$400,000 in annual revenue for residential and light commercial work. Financing that van over 60 months at $1,200–$1,600/month is easily justified by the revenue it enables. MFE's equipment financing covers the vehicle, the upfit, and the tools — all in a single financing arrangement.
| Product | Best For | Typical Rate | Term | Collateral |
|---|---|---|---|---|
| Equipment Financing | Vans, HVAC units, large equipment | Lowest | 24–60 months | Equipment only |
| Working Capital Loan | Payroll, materials, inventory | Moderate | 6–24 months | None (unsecured) |
| Business Line of Credit | Ongoing cash flow management | Moderate | Revolving | None (unsecured) |
| MCA | Fast capital, bad credit, seasonal | Higher factor | 3–18 months | None (future revenue) |
You can finance residential and commercial HVAC units (Carrier, Trane, Lennox, Daikin, York), service vans and trucks, refrigerant recovery equipment, duct fabrication machines, diagnostic tools, and commercial rooftop units up to 20+ tons.
Most HVAC equipment financing programs require no down payment. The equipment itself serves as collateral, which eliminates the need for cash upfront in most cases.
Terms typically range from 24 to 60 months (2–5 years) for HVAC equipment. Shorter terms for smaller equipment like tools; longer terms for commercial units and fleet vehicles.
Yes. MFE's equipment financing program covers both new and used HVAC equipment. Used equipment must generally be less than 10 years old for standard approval.
Because equipment serves as collateral, credit requirements are lower than unsecured loans. Scores of 580+ are typically sufficient, and business revenue and time in business are weighted heavily.
Most equipment financing applications receive approval within 24 hours and funding within 2–4 business days. Emergency approvals are available for time-sensitive commercial projects.
Yes. Fleet vehicle financing is available for single vans up to multi-vehicle fleets. Equipment financing limits go up to $2,000,000, accommodating fleets of 10+ vehicles with tools and equipment.
Equipment financing payments may be deductible as a business expense under Section 179 of the IRS tax code, potentially allowing full first-year deduction of qualifying equipment. Consult your tax advisor for your specific situation.
Get approval in 24 hours. No down payment required. Fund the vans, units, and tools that grow your HVAC business.
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