New Brunswick Bad-Credit Equipment Leasing

When a contract starts next week in Saint John, Moncton, or Fredericton, you don’t have time for a paper quote that never funds. If your file sits outside bank “A-tier” (late pays, young business, thin history), bad credit doesn’t mean no—it means the deal must be structured and packaged right. As both a seller of used Class 8 trucks, trailers, and commercial equipment and a national financing partner, Mehmi Financial Group underwrites your asset and places your file with private/non-bank lenders so approvals actually clear. If you want a candid read on your scenario, feel free to contact our credit analysts.

Are you looking for a truck? Look at our used inventory.

Why a broker who also sells the equipment funds faster

• One accountable partner: We control the slowest steps—bill of sale, VIN/serials, lien search, inspection, and insurance timing—so conditions don’t slip.
• Asset-first underwriting: Because we sell trucks/equipment, we pre-underwrite resale value and serviceability before a lender sees your file.
• Aligned incentives: You need keys this week—not next month.

Explore options: Financing & Leasing.

How New Brunswick B/C/D lenders evaluate files

Private lenders price the whole deal, not just a score. Our approval model is Capacity + Security + Asset + Story:

• Capacity: Last 3–6 months of deposits comfortably cover the proposed payment plus fuel, insurance, payroll, and taxes; keep NSFs minimal for 60–90 days.
• Security: 10–20% down or a refundable security deposit; co-signer or additional collateral helps. Short on cash? Unlock equity via a Refinancing & Sale-Leaseback.
• Asset: Mainstream, serviceable, resale-worthy units with clean inspection and verifiable history.
• Story: One clear paragraph—what happened, what’s changed, and how this asset generates predictable cash (contracts, lanes, POs).

If slow-pay customers are the bottleneck, normalize deposits first with Invoice Factoring or add a light Line of Credit & Working Capital so statements read stronger.

NB use cases we see approved

• Transportation & haul: Day cabs, tandems, end-dumps, reefers for seafood/agri lanes.
• Construction & municipal: Skid steers, mini-excavators, tandems for paving/winter maintenance.
• Forestry & yard: Log trailers, loaders, forklifts, telehandlers.
• Processing & warehousing: Packaging lines, racking, conveyors, lift trucks.

We can also pool multiple units into a portfolio to raise more capital or improve terms.

Structures that commonly approve with bad credit

• Lease-to-Own ($1 or 10% buyout): 36–60 months; predictable path to title.
• FMV Lease with Step-Ups: Lower early payments while a contract ramps; plan for residual.
• Top-Up via Sale-Leaseback: Lease back an owned unit to create the down on your new purchase: Refinancing & Sale-Leaseback.
• Lease + Working Capital Overlay: Pair with a small LOC to keep statements clean: Line of Credit & Working Capital.
• Lease + Factoring: Stabilize weekly deposits via Invoice Factoring for better pricing and speed.

Sanity-check affordability up front with our Calculator.

Step-by-step: How to apply through a broker (NB edition)

Day 1 – Fit & pre-underwrite
Goal, timing, budget, target unit. You send statements; we short-list assets from our lot or your spec and set the likely structure.

Day 2 – Conditional approval
We align term, buyout, deposit/security, and any overlays (factoring/LOC). Inspection and insurance quoting are booked in parallel.

Day 3–5 – Conditions & funding
PPSA, any payouts, insurance binder, bill of sale, inspection. Funds release; you pick up the unit and start generating revenue.

If admin slows you down, feel free to contact our credit analysts—we’ll package and sequence the file for a one-pass approval.

Quick comparison: which path fits your New Brunswick situation?

Pricing levers you control this week

• Clean deposits: Reduce NSFs for 60–90 days pre-submission; factoring can bridge a rough period.
• Marketable asset: Mainstream spec, clean aftertreatment and service records tighten pricing.
• Real security: Down payment, refundable security deposit, co-signer, or additional collateral.
• Shorter term / meaningful residual: Reduces lender exposure and overall cost.
• Avoid duplicate submissions: Working with multiple brokers confuses lenders and slows approvals.

NB fast-track 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, lien search, inspection/condition report
• Insurance quote ready; bind at funding
• Strength add-ons: contract/award letters, broker confirmations, service records

See our overview for context: Financing & Leasing. For foundational concepts: Understanding the Basics of Truck Loans.

Case study (NB): “Two declines to keys by Friday”

Profile: Coastal NB contractor adding a tandem dump for a 10-week roadworks package; 12 months in business; a few winter NSFs.
Structure: 15% effective down via a sale-leaseback on a yard forklift; 48-month $1 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; unit on site before mobilization.

Why New Brunswick operators choose Mehmi

• Seller + Financier: We stock used Class 8 trucks, trailers, and commercial assets—and finance them directly.
• Speed & certainty: Access to 30+ Canadian lenders; deal-ready files often fund in 24–48 hours, up to $5M.
• Flexible even with past credit issues: We design structures for real-world operations across transportation, construction, forestry, and processing.

Browse inventory or model payments first:
Inventory • Calculator • Financing & Leasing • Refinancing & Sale-Leaseback • Invoice Factoring • Line of Credit & Working Capital

Frequently Asked Questions

Can I lease equipment in New Brunswick with sub-650 credit?
Yes—if the file shows capacity, real security, and a marketable asset. We place B/C/D files routinely. Feel free to contact our credit analysts for a quick read.

Is leasing faster than a private loan?
Usually. Asset-first underwriting and flexible structures let leases fund in 24–72 hours for deal-ready files; strong capacity can make loans competitive.

No cash for down—any options?
Use a sale-leaseback on an owned unit, or consider FMV + step-ups with a refundable security deposit.

Can I include soft costs like transport or minor recon?
Often, within lender limits. Ask early—blending eligible costs can protect day-one cash.

Do you supply the equipment and the financing?
Yes. We sell the asset and arrange the funding—one accountable partner from quote to keys.

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Ready for a fast, honest assessment—and a structure that will actually fund in New Brunswick? Start with our Calculator, short-list a unit from our inventory, and feel free to contact our credit analysts for a no-pressure review: Contact Us.