Truck and equipment leasing
Rent a truck, a trailer or heavy machinery, and own it at the end of the contract.
At a glance
- How it works
- A lease with an option to buy
- Sales taxes
- Spread over each payment
- At term end
- Buyout value agreed at signing
How leasing works
With a lease, the financing company owns the equipment during the term. Your business uses it, makes monthly payments, and acquires it at the end through a buyout value set at signing.
Approval is often easier than with a traditional bank loan, and monthly payments are usually lower for the same equipment.
- 1.Application
- You tell us what equipment you want and its price.
- 2.Approval
- We present the file to lenders and come back with the conditions.
- 3.The term
- You use the equipment and make fixed monthly payments.
- 4.Buyout
- At the end, you pay the agreed buyout value and the equipment is yours.
Taxes, spread over the term
With a purchase, sales taxes are paid in full at delivery. With a lease, they are added to each payment, spread over the term.
Lease or term loan
With a loan, your business owns the equipment from day one and pays the sales taxes in full at delivery. With a lease, taxes are added to each payment.
Your accountant can tell you what best serves your tax situation.
| 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.
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.
How does the buyout value work?
The buyout value is the amount agreed at signing to acquire the equipment at the end of the contract. A higher buyout value lowers the monthly payments; a lower one raises them. We adjust this setting to your preference.
Are sales taxes paid at delivery?
With a lease, taxes are added to each payment instead of being paid in full at delivery. If your business is registered for GST and QST, you recover them either way; leasing only changes the timing, which frees up cash on equipment worth several hundred thousand dollars.
Are lease payments tax-deductible?
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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.
How much does a quote cost?
Nothing. The quote is free and without commitment.
Caroline LavoiePresident, sales and financing
Let's talk about your lease
(514) 648-8487Monday to Friday, 8 a.m. to 5 p.m.
Toll-free (800) 663-8487