Truck financing

Highway tractors, straight trucks and dump trucks, new or used, bought from a dealer or a private seller.

At a glance

Trucks: Highway, straight, dump
Source: Dealer or private seller

The right lender for your truck

A new highway tractor and a ten-year-old straight truck are not financed by the same companies. We present your file to the one that finances that type of truck, at that age, for a business like yours.

For a first call, the price of the truck is enough. For a used truck, its year and mileage speed up the analysis.

Highway tractorsLong-haul and highway transport
Straight trucksDelivery and regional transport
Dump trucksConstruction, excavation and bulk

Equipment worth $250,000, Québec sales taxes (GST 5% and QST 9.975%)
	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

With a loan, your business owns the truck from delivery. With a lease, it uses the truck during the term and acquires it at the end through a buyout value set at signing.

Sales taxes are then added to each payment instead of being paid at delivery.

New, used or bought from a private seller

Each lender has its own age and mileage criteria for a used truck. That is where comparing makes the difference.

A truck bought from a private seller or another business can be financed too: once financing is involved, the sale goes through a licensed dealer. We handle this accommodation sale and the RDPRM search.

Before signingCall us: some conditions can only be negotiated upfront.
The checkWe identify the rights registered on the truck at the RDPRM.
Buying from a private sellerWe handle the accommodation sale and finance the buyer.

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

Financing file No commitment

Amount to be determined

Free quote, several lenders compared.

Frequently asked questions

Another question? Call (514) 648-8487.

All questions

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 we finance a truck bought from a private seller?

Yes. Because financing is involved, the sale must go through a dealer holding a SAAQ licence, which is our role. We handle the accommodation sale, check the RDPRM and finance the buyer. See accommodation sales.

How long does approval take?

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Can we get financing with a difficult credit file?

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