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Leasing turns a large, upfront purchase into predictable monthly payments while preserving the cash you need for fuel, payroll, materials, and marketing. For many Canadian SMEs, a well-structured lease is not just “another way to pay”—it’s a strategic tool for accelerating growth, smoothing cash flow, and reducing operational risk.
Leasing is one pillar of our broader equipment financing solutions, alongside equipment loans, an equipment line of credit, and refinancing & sale-leaseback.
Leasing minimizes the upfront cash drain. Instead of a large down payment, you make level payments that align with the revenue the asset produces. That keeps liquidity available for operating expenses or expansion. If recurring purchases are part of your model, an equipment line of credit can complement leasing to streamline approvals throughout the year.
Leases can include a fixed buyout (e.g., $10 or 10%) or FMV option at term end. A higher residual shifts part of the cost to the end, often reducing the monthly vs. a loan. See Equipment Leases and Conditional Sales Contracts to compare structures.
You choose to buy, renew, or return. That optionality reduces technology or utilization risk. If the asset still fits your operation, buy it. If your needs change, return or upgrade.
Lease payments are commonly deductible as an expense, improving after-tax cash flow (confirm with your accountant). If you value CCA depreciation and interest deductions from day one, compare a loan on Equipment Loans. The “right” answer depends on your tax position and ownership goals.
Leases can often include delivery, installation, and taxes, reducing upfront cash spikes and making budgeting simpler. You focus on operations while the finance structure covers all-in acquisition.
Compared to traditional bank loans, leasing programs often deliver faster decisions (typically within 24–48 hours once documents are in). That speed helps you secure equipment when a job or contract is on the line. If your file is thin or you’re a startup, ask about in-house financing.
For sectors where tech changes quickly—IT, medical, POS, telematics—leasing creates a built-in upgrade path. You can schedule refresh cycles and avoid being stuck with outdated gear.
By financing the asset with a lease, you may preserve your bank lines for inventory, receivables, or operating needs. Pair leasing with asset-based lending or a working capital loan to cover seasonality.
Confirm your asset appears on Eligible Equipment, or select from Mehmi’s in-house inventory—we own the equipment we sell.
Leasing often delivers lower monthlies and greater flexibility. A loan can deliver lower total cost if you’ll keep the asset for many years and prefer ownership from day one. Many operators use a blended approach: lease fast-changing or project-specific items, finance long-life “core” assets with a loan, and unlock equity from owned gear via refinancing & sale-leaseback.
Run the comparisons with our calculator and sense-check how residuals and terms change your monthly.
Situation: A GTA site-services contractor needed a wheel loader and a compact track loader ahead of a 14-month subdivision contract. Cash was earmarked for mobilization, crews, and materials.
Structure: Fixed-buyout leases over 60 months, bundling delivery, install, and taxes.
Result: Monthlies were ~10–12% lower than a comparable loan. The firm hit mobilization on time, preserved cash for payroll, and exercised the buyout at term end to keep the loader as a core fleet unit. Later, a sale-leaseback on an older asset funded additional attachments without disrupting operations.
Is leasing always cheaper than buying?
Not always. Leasing typically lowers monthly cost and improves flexibility. Buying with a loan may reduce lifetime cost if you keep the asset well beyond the term. Compare on Equipment Loans and model scenarios in the calculator.
Can I lease used equipment?
Often yes, subject to age/condition and resale market. Check Eligible Equipment or browse our inventory.
What credit profile is needed?
Stronger credit helps, but many startups and thin files qualify with the right structure (down payment, guarantees, or in-house financing).
Can I include soft costs and taxes in the lease?
Frequently yes—delivery, installation, and taxes can be rolled in to reduce upfront cash spikes.
How fast can I get an answer?
Once we have your quote/specs and basic business info, we aim for clear responses within 24–48 hours. Start at Contact Us.
What happens at the end of the lease?
Choose to buy, renew, or return—spelled out in your agreement. See Equipment Leases for structures like FMV, fixed, or percentage buyouts.
Feel free to contact our credit analysts for a tailored structure that fits your cash flow and ownership goals via Contact Us.
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