77 City Centre Dr Suite 501, Mississauga, ON
MON-FRI: 8:00-9:00 PM EST
SAT: 8:00-4:00 PM EST
MON-FRI: 8:00-9:00 PM EST
SAT: 8:00-4:00 PM EST
Call/Text Us Today
(437) 777-5901
(437) 777-5901
If you pull freight for a living, your tractor isn’t optional—it’s your income. But late pays, high utilization, or a young business can push you outside bank “A-tier” boxes. The good news: bad credit doesn’t mean no. It means lenders want a stronger overall deal—cleaner statements, a marketable unit, and security that makes sense. As both a seller of used Class 8 trucks and trailers and a financing partner, Mehmi Financial Group underwrites from both angles so your file actually funds, not just quotes.
Are you looking for a tractor? Browse our current used inventory. For quick math, try the Calculator.
We use a four-lever model that mirrors how Canadian B/C/D lenders think:
If receivables are slow, normalize deposits with Invoice Factoring or a small Line of Credit & Working Capital so your statements read stronger.
Explore structures: Financing & Leasing.
Because we sell the tractors we finance, we pre-underwrite units (inspection, lien search, valuation) before a lender sees your file—removing the most common approval delays.
Sometimes—if the other levers are strong. A realistic path is FMV + refundable security deposit or creating the down via a sale-leaseback on a trailer/forklift you already own. If you truly need $0-down, expect tighter covenants and a higher payment. We’ll model both $0-down and low-down (5–15%) so you can see total cost.
Day 1 — Fit & Pre-Underwrite
Goal, lanes, payment comfort; run quick scenarios in the Calculator. You send 3–6 months of statements. We shortlist tractors (from our lot or yours) and flag the best structure.
Day 2 — Conditional Approval
We lock term, buyout type, and initials (down/security deposit). If deposits are lumpy, we layer Invoice Factoring or a light Working Capital facility.
Day 3–5 — Conditions & Funding
Inspection/condition report, PPSA, any lien payouts, and insurance binder. Funds release; you pick up the tractor and start generating revenue.
Prefer a deeper primer? Read:
If paperwork is slowing you down, feel free to contact our credit analysts—we’ll package and place your file so it clears in one pass.
Profile: Ontario carrier adding a 6×4 highway tractor; 14 months in business; a few winter NSFs.
Constraint: New lane starts Monday; bank and captive both declined.
Structure: 17% effective down via sale-leaseback on a yard forklift; 48-month $1 buyout with step-up payments from month four; light invoice factoring for 90 days to stabilize deposits.
Outcome: Conditional approval inside 48 hours; funding on inspection and binder; unit dispatched on time.
Because we sell Class 8 tractors and arrange financing, we pre-underwrite the asset and deliver lender-ready paperwork—bill of sale, serials, lien search, inspection, and realistic valuation. That alignment cuts the back-and-forth that normally kills timelines and helps you avoid “cheap” quotes that never fund.
Explore your options: Financing & Leasing. If you’re refinancing an existing rig, compare paths here: Refinancing & Sale-Leaseback.
What credit score do I need for a Class 8 lease?
Many lenders like 650+, but sub-650 files approve when the deal shows capacity, security, and a marketable tractor. 10–20% down or a refundable deposit materially improves odds.
Is leasing faster than a non-bank loan for tough credit?
Usually, yes. Leases lean on asset strength + structure, so deal-ready files can see conditional approvals in 24–72 hours. We’ll still model a loan if your deposits are strong.
Can I include soft costs (transport, minor recon, warranty)?
Often within lender limits. Ask early—eligible soft costs can be blended to protect day-one cash.
How do I handle the down payment if cash is tight?
Use a sale-leaseback on an owned unit to create the down, or consider FMV + step-ups with a refundable security deposit.
Do you supply the tractor and the financing?
Yes. Mehmi sells used Class 8 tractors/trailers and can finance them directly or via 30+ Canadian lenders—one accountable partner from quote to keys.
Want an honest read on what will fund this week? Start with the Calculator, shortlist a tractor from our inventory, and feel free to contact our credit analysts for a no-pressure review: Contact Us.
.avif)