Heavy equipment financing
Excavators, loaders, graders and rollers, new or used, for construction and excavation businesses.
At a glance
- Machinery
- Excavators, loaders, graders, rollers
- Repairs
- Financed too
The machinery we finance
Construction and excavation businesses finance their machinery the same way as their trucks: through a lease or a loan, new or used. Depending on the type of machine, its age and your business history, one lender will be more favourable than another.
- ExcavatorsExcavation and earthworks
- LoadersMaterial handling and snow removal
- GradersRoads, access roads and sites
- RollersCompaction and paving
| 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.
Lease or term loan
On a machine worth several hundred thousand dollars, a lease spreads sales taxes over the term instead of paying them at delivery. A buyout value, set at signing, makes you the owner at the end.
A major repair
Hydraulics, engine, transmission: a major repair on a machine can be financed too, spreading the bill while the equipment is down. Repair financing
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.
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.
Can payments follow a season?
Some lenders offer structures suited to seasonal businesses. Conditions vary by lender and by file, and we will tell you what applies to yours.
Which repairs can be financed?
Major repairs on trucks and machinery: engine, transmission, differential, body, frame, hydraulics, work required to pass a mechanical inspection, or reconditioning of recently purchased used equipment. See repair financing.
How long does approval take?
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See also
- Repair financingSpread out a major repair while the truck is off the road.
- Farm equipmentTractors, combines and farm machinery
Looking for a machine? Lavoie Transit, our sister company, lists heavy equipment available to finance.
Caroline LavoiePresident, sales and financing
A machine to finance?
(514) 648-8487Monday to Friday, 8 a.m. to 5 p.m.
Toll-free (800) 663-8487