Equipment financing
Acquire or replace trucks, trailers and heavy machinery, new or used.
At a glance
- Equipment
- Trucks, trailers, machinery
- Formulas
- Lease or term loan
- Term
- From 36 to 84 months
Several financing companies
We work with a wide range of financing companies. Depending on your industry, the age of the equipment and your business history, some will be more favourable than others.
We do that analysis for you and present your file to the best-placed lender.
How an application works
One call is enough to get started. The price of the equipment gives us the essentials; for used equipment, its year and mileage speed up the analysis.
The quote is free and without commitment: you know the conditions before deciding anything.
- 1.First call
- We discuss the equipment, its price and your business situation.
- 2.Analysis
- We review your file and present it to the most suitable lender.
- 3.Approval
- You receive the conditions, then we close the transaction through to delivery.
Leasing
A lease lets your business rent equipment and acquire it at the end of the contract. The application process is simple, monthly payments are usually lower, and a buyout value makes you the owner at the end.
Sales taxes are added to each payment, spread over the term. On equipment worth several hundred thousand dollars, that gap frees up a significant share of your cash flow.
| Purchase | Lease | |
|---|---|---|
| Taxes paid at delivery | $37,438 | $0 |
| Taxes on each payment | None | 14.975% of the payment |
| At the end of the term | Owner | Buyout value |
A business registered for GST and QST recovers these taxes either way. Leasing only changes when you pay them.
What equipment do you finance?
We finance new and used equipment. Each lender has its own age and mileage criteria, and that is where comparing makes the difference.
- Heavy trucksHighway tractors, straight trucks, dump trucks
- TrailersFlatbeds, vans, dump trailers, tankers
- Heavy machineryExcavators, loaders, graders, rollers
- Farm equipmentTractors, combines, farm machinery
Start your file
Enter the amount you have in mind and we will call you back to complete the file. Free and without commitment.
Or call (514) 648-8487
Free quote, several lenders compared.
Lease or loan: which should I choose?
With a lease, your business rents the equipment and can buy it at the end of the term through a buyout value. Payments are usually lower, and sales taxes are added to each payment. With a loan, you own the equipment from day one. The right choice depends on your tax situation and your goals: check it with your accountant.
Can you finance several trucks in the same file?
Yes. Depending on the lender, the equipment in a fleet can be grouped in a single financing or financed separately. Call us to discuss it.
Do you finance used equipment?
Yes. We finance used trucks, trailers and machinery, bought from a dealer or a private seller. Each lender has its own age and mileage criteria.
Is a down payment required?
It depends on the lender, the type of equipment and your business profile. Some files close without a down payment, others require one. We tell you after reviewing your situation.
Can we get financing with a difficult credit file?
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How long does approval take?
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See also
- LeasingRent the equipment and own it at term end, with taxes spread over the payments.
- Used trucksFrom a dealer, a private seller or imported.
- Pre-approvalKnow your budget before you shop.
Still looking for the truck? Lavoie Transit, our sister company, lists trucks available to finance.
Caroline LavoiePresident, sales and financing
Equipment in mind?
(514) 648-8487Monday to Friday, 8 a.m. to 5 p.m.
Toll-free (800) 663-8487