Key takeaways
- An equipment leasing makes you the owner from day one; an equipment lease keeps the payment as an operating cost.
- New or used equipment qualifies, whether you buy from a dealer or in a private sale.
- Applications run in 3 steps, and we place files across 10 provinces and 3 territories.
Equipment financing lets a Canadian business acquire the machines it needs — trucks, excavators, production lines, medical devices — while paying for them over time out of the revenue the equipment produces. Instead of draining working capital on a single purchase, you keep cash available for payroll, inventory and growth.
How equipment financing works in Canada
There are two main structures. A $1-buyout lease ends in ownership at term; the equipment itself secures the contract, and you build equity with every payment. An equipment lease keeps payments lower during the term, with a buyout option at the end. Which one fits depends on how long you plan to run the asset, how your accountant wants it treated, and how much flexibility your cash flow needs.
Both structures are available for new or used equipment, bought from a dealer or through a private sale. Used equipment financing matters more in Canada than many owners expect: a well-maintained used machine often costs far less than new while doing the same work.
Why go through a broker instead of one lender
Origin Finances is a broker, not a lender. We represent the largest Canadian banks and several other leasing institutions, which means one application gets compared across multiple credit appetites instead of living or dying with a single bank's policy. Different lenders like different industries, asset types and credit profiles — a file one institution declines, another may approve at a reasonable rate.
The process runs in 3 steps:
- Tell us about the equipment and your business.
- We package the file and present it to the lenders most likely to say yes.
- You review the offer, sign, and the seller gets paid.
Coverage from coast to coast
We arrange financing for businesses in all 10 provinces and 3 territories, in English and in French. Payment schedules can be structured as flexible payments or seasonal payments — useful for construction, agriculture, landscaping and any trade where revenue follows the calendar rather than the month.
If you already know what you want to buy, request a quote and we'll come back to you with real numbers.