When your routes involve curbside delivery—appliances, food service, medical supplies—a liftgate isn’t optional. It’s how you hit tight delivery windows safely and reduce claims. If a bank can’t move at your speed (or your credit history isn’t perfect), private-lender equipment leasing can get a liftgate box truck on the road fast. As both a seller of used trucks/trailers and a national financing partner, Mehmi Financial Group pre-underwrites the asset and structures the file so it actually funds—not just a paper quote. If you want a candid read on your approval odds, feel free to contact our credit analysts.
Are you looking for a truck? Look at our used inventory. For quick math, try the Calculator.
Why use a private-lender lease for liftgate trucks
- Speed: Deal-ready files often receive conditional approvals in 24–72 hours.
- Asset-first decisions: Lenders weigh serviceability, resale, and current condition—not only score.
- Flexible cash-flow fit: $1, 10% or FMV buyouts, plus step-up schedules for seasonal peaks.
- Lower day-one cash: Especially with FMV structures or refundable security deposits.
Explore structures: Financing & Leasing.
How approvals really work (the four-lever model)
Private and non-bank lenders in Canada price the whole deal, not just credit. Our internal framework mirrors theirs:
- Capacity: Last 3–6 months of deposits comfortably cover the new payment plus fuel, insurance, and maintenance. Limit NSFs in the prior 60–90 days.
- Security: 10–20% down or a refundable security deposit; co-signer/collateral also helps. Low on cash? Create equity with a Refinancing & Sale-Leaseback.
- Asset: A marketable liftgate truck with clean inspection and verifiable history (see checklist below).
- Story: One concise paragraph—what happened, what’s changed, and how the route produces predictable cash (POD cadence, broker letters, MSAs).
If your receivables are slow, stabilize deposits first via Invoice Factoring or a light Line of Credit & Working Capital.
Liftgate asset checklist that moves approvals
- Gate type & capacity: Tuk-Away, Rail, Cantilever; 2,000–3,500+ lb. Confirm platform size, slip-resistance, and load-center rating.
- Hydraulics & electrics: Smooth raise/lower, no drift; cylinder/pump leaks; wiring harness and switches intact; solenoids/relays test good.
- Mounting & frame: Hinge pins, pivots, welds, and brackets; no cracks or elongation; platform locks engage cleanly.
- Power & charging: Healthy alternator and battery set—gate draw should not trigger low-voltage issues after multiple cycles.
- Body condition: Floor integrity (water ingress), e-track, door tracks and seals; roof/sidewall for corrosion or repairs.
- Chassis health: Brakes/tires, alignment, aftertreatment (DPF/SCR) service history; no active derate codes.
- Paperwork: VIN/serial verification for chassis and gate, lien status, inspection/condition report, major repair invoices.
Because we sell what we finance, our team pre-underwrites these items to avoid last-minute conditions.
Pricing and terms: what to expect
| Item | Typical Private-Lender Range | Notes |
| Term Length | 36–60 months (select to 72) | Match term to route intensity and truck age. |
| Buyout Type | $1, 10% or FMV | $1/10% = simple path to title; FMV lowers payments but plan for residual. |
| Upfront Cash | 10–20% down or refundable security deposit | Zero-down possible with strong compensating strengths. |
| Funding Speed | 24–72 hours (deal-ready) | Have inspection and insurance quote ready; bind at funding. |
| Soft Costs | Case-by-case inclusion | Minor recon, decals, e-track, and liftgate service can often be blended. |
Sanity-check affordability up front with our Calculator.
Lease structures that commonly approve (A–D credit)
- $1 Buyout (36–60 mo): Own it at term end; higher payment, simple exit.
- 10% Buyout: Balanced payment vs. ownership; plan end-term cash.
- FMV with Step-Ups: Lower early payments while volumes ramp; manage residual at maturity.
- Sale-Leaseback + New Lease: Create the down using equity in an owned unit; then lease the liftgate truck. See Refinancing & Sale-Leaseback.
- Lease + Working Capital/Factoring Overlay: Keep statements clean by covering fuel/repairs with a small facility: Line of Credit & Working Capital or Invoice Factoring.
Can you do zero-down?
Sometimes—if the other levers are strong. Two realistic paths:
- FMV + refundable security deposit with step-ups; or
- Sale-leaseback on an owned forklift/trailer to create down. We’ll model $0-down vs. low-down (5–15%) so you can compare total cost.
Step-by-step fast track (your week at a glance)
Day 1 — Fit & pre-underwrite
Goal (add vs. replace), route mix, payment comfort (use the Calculator). Send 3–6 months statements. We short-list units from our lot or price your target spec and match the structure most likely to fund.
Day 2 — Conditional approval
You’ll see term, buyout, initials (down or refundable deposit), and any overlays (LOC/Factoring). Inspection and insurance quoting run in parallel.
Day 3–5 — Conditions & funding
PPSA, lien payouts (if any), inspection/condition report (including gate test), and insurance binder. Funds release; you take delivery and roll routes.
Prefer a broader primer? See:
Submission checklist (send once, fund faster)
- Application, government ID, void cheque
- 3–6 months business bank statements (personal if new)
- Quote or bill of sale, VIN/serials (truck + liftgate), lien search, inspection/condition report
- Insurance quote (bind at funding)
- Strength add-ons: delivery contracts, broker letters, service records for gate and chassis
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.
Common pitfalls (and quick fixes)
- Thin tires/worn brakes: Budget minor recon or blend eligible costs to avoid pricing hits.
- Weak charging system: Replace marginal batteries/alternator—low voltage trips gate faults during inspection.
- Duplicate broker submissions: Stick with one quarterback to avoid lender conflicts.
- Over-spec wish lists: Choose mainstream body lengths (16–26 ft) and gate types that remarket well.
- Chasing the cheapest paper rate: A quote that never funds is the most expensive path—opt for credible structures.
Case study: “Two declines to keys by Friday”
Profile: GTA retailer adding a 24-ft liftgate box for same-day delivery; 11 months in business; winter NSFs on statements.
Structure: 15% effective down via sale-leaseback on a yard lift; 48-month 10% buyout with step-ups from month four; light invoice factoring for 60–90 days to stabilize deposits.
Outcome: Conditional approval in 48 hours; funding on inspection and binder; truck in service for Monday windows.
Why operators choose Mehmi for liftgate trucks
- Seller + Financier: We stock used trucks/trailers and can finance them directly or via 30+ Canadian lenders.
- Speed & certainty: Same-day pre-approvals; many deal-ready files fund in 24–48 hours, up to $5M.
- Flexible even with past credit issues: Structures tailored to real delivery cadences and seasonality.
Model payments or talk to us:
Calculator • Financing & Leasing • Refinancing & Sale-Leaseback • Invoice Factoring • Line of Credit & Working Capital • Contact Us • Inventory
Are you looking for a truck? Look at our used inventory.
Frequently Asked Questions
Can I be approved with sub-650 credit?
Often, yes—if the file shows capacity, real security, and a marketable unit. 10–20% down or a refundable deposit materially improves odds.
Is leasing faster than a non-bank loan?
Usually. Asset-first underwriting helps leases fund in 24–72 hours for ready files; we’ll still model a loan if deposits are strong.
Can I include soft costs (gate service, decals, e-track)?
Often within lender limits. Ask early—eligible soft costs can be blended to protect day-one cash.
What if I have no cash for down?
Use a sale-leaseback on an owned asset to create the down, or consider FMV + step-ups with a refundable security deposit.
Do you supply the truck and the financing?
Yes. We sell the asset and arrange funding—one accountable partner from quote to keys.
Ready for a fast, honest assessment—and a structure that will actually fund? Start with the Calculator and feel free to contact our credit analysts for a no-pressure review: Contact Us.
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