Part of the
MainLine
network
Median labor rate
$148/hr
+6% YoY
Parts availability
Improving
Prime APR
8.50%
Mechanics
.news
Mechanics
.news
For repair shop owners and techs · Saturday, May 16, 2026
Subscribe
Shop business
Tools
Diagnostics
Hiring
Equipment financing
Insurance
Training
Compare financing →
Mechanics
.news
Mechanics
.news
Shop business
Tools
Diagnostics
Hiring
Equipment financing
Insurance
Training
Compare financing →
Home
Glossary
Glossary
The plain-English finance glossary
8 terms operators ask about most — written without the MBA jargon.
All
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Showing
8
of 8 terms
APR
Related:
Origination fee
Balloon payment
Related:
Equipment lease
APR
Equipment lease
Related:
Section 179
APR
Factoring
Related:
Working capital
FICO score
Related:
APR
Origination fee
Related:
APR
Section 179
Related:
Equipment lease
Working capital
Related:
Factoring
APR