AutoZone Net 30 Review
Whether you’re a small business owner with a few company vehicles or a larger organization with an entire fleet, vehicle maintenance is essential.
AutoZone is a net 30 vendor that offers financing on a wide variety of auto parts to keep your vehicles running smoothly while also building credit.
Our AutoZone Net 30 Review
With a huge auto parts inventory, a $10,000 credit limit, and reasonable eligibility requirements, AutoZone is a top vendor for monthly financing.
The main downside is that they lack transparency with their credit bureau reporting, and they have a slightly outdated credit application process.
The Biggest Reasons to Get an Autozone Net 30 Account:
- Access to a Massive Line of Auto Parts
- It’s Easy for Companies to Get Quality Auto Maintenance While Building Credit
- Up to a $10,000 Credit Limit
AutoZone Inc (rights reserved) was founded in 1979 and currently has over 7,000 stores across the US, Mexico, Puerto Rico, and other parts of Latin America.
Since 1995, the company has been run by CEO Bill Rhodes, who has been listed by Forbes as one of the world’s best-performing CEOs.
It, along with Advance Auto Parts and AutoShack, is one of today’s largest auto parts stores and carries a wide selection of products for commercial customers.
Some examples include:
- Car batteries
- Brakes
- Body products
- Vehicle heating and cooling products
- Electrical and lighting
- Emission control and exhaust
- Filters
- Aftermarket auto parts
- Automotive hard parts
Besides that, AutoZone also carries interior and exterior accessories, oil, vehicle tools, and even some non automotive parts, making this auto parts retailer a one-stop shop for fleet maintenance items.
Whether visiting a physical AutoZone store or shopping online, you can find nearly anything you need to optimize vehicle performance.
We also like that AutoZone offers consistent deals with clearance sale promotions, oil change specials, discounts, coupons, and rebates to help your money go further.
Let’s make a quick clarification. AutoZone doesn’t technically have a net 30 program in the conventional sense. They do, however, offer a credit program with “daily, weekly, and monthly billing cycles available.”
Therefore, you can apply for a monthly billing cycle, which is the equivalent of having net 30 terms. That’s why we’re including AutoZone as a net 30 vendor.
If you’re looking for a list of traditional net 30 accounts, here are some vendors we recommend.
Getting monthly financing from AutoZone serves multiple purposes because you 1) can get quality automotive replacement parts from one convenient vendor to boost cash flow and 2) build business credit at the same time.
By making payments on time or in advance, this will be reported to at least one credit bureau, which should help raise your business credit score.
In turn, this should open the door for future business financing, helping you obtain more favorable rates and terms. Also, it frees up capital that you can spend on other areas of business like revving up your marketing efforts.
According to AAA, the average vehicle costs $792 per year to maintain. When done at scale, these costs can quickly add up.
Having a $10,000 credit limit offers business owners a sizable amount of financing to ensure they can cover vehicle maintenance costs while offering payment flexibility with monthly payment options.
In terms of minimum purchase requirements, AutoZone doesn’t state what that is. However, the average minimum purchase for most net 30 vendors ranges somewhere between $50 and $100.
So that’s about what you can expect if you’re looking to spend the minimum and still build business credit.
As for credit bureau reporting, AutoZone doesn’t state exactly who they report to (e.g. Dun & Bradstreet, Experian Business, or Equifax Business). But on their business credit application, they mention that they do report to credit bureaus.
While we don’t know exactly who they report to and they lack transparency, we can verify that they report to at least one business credit bureau.
AutoZone Net 30 Account Requirements
To be approved for an account, you must:
- Have a D&B PAYDEX score of at least 80
- Need to operate a brick-and-mortar store, as opposed to a strictly e-commerce store
- Have been in business for at least six months
- Have a registered business name
- Have a physical business address
- Provide a Federal ID number
- Provide trade references
Also, on the credit application, this vendor asks for basic personal information and banking information.
However, they do not ask for information regarding:
- Invested capital
- Market value or market share
- Net sales
- Net income
- Net worth
- Fiscal year earnings from the prior year or recent years
- Gross profit/gross margin/revenue per quarter
- Retail sale information
- Asset information
- Common stock information
- Information regarding individual investors
Minus requiring business owners to be low-risk borrowers with a PAYDEX score of 80 or higher, AutoZone is pretty lenient with their account requirements.
Considering that you only need to have been in business for six months, this makes them a great vendor for newer businesses and startups.
You can find an AutoZone business credit application here.
Build Business Credit Quickly with eCredable
There’s no doubt that net 30 accounts are a great way to build business credit. The only problem is that you typically need 5-10 vendor tradelines to get the ball rolling, and it often takes up to 45 days to see tangible results.
One way to build business credit quicker is by turning existing business bills into tradelines with eCredable.
After signing up, eCredable will attempt to download up to the last 24 months of business bills, such as electric, water, gas, and internet, and report them to business credit bureaus.
By doing so, business owners can get a significant business credit bump, often within one week. And within three months, business owners can raise their business credit scores by as much as 40%.
You can learn more about eCredable here.