Quick answer: A used vending machine quote should tell you more than the purchase price. Before committing to equipment from OnCan, collect enough detail to compare the machine, its condition and the costs of putting it into service.
Identify the exact machine
- Ask for the manufacturer, model, serial number and available age information.
- Confirm whether the machine is used, refurbished or sold as-is.
- Request current photographs and a list of repairs or replacements already completed.
- Ask what testing was performed and which faults, if any, remain.
Do not assume two machines with the same model number include the same controller, reader or refrigeration components. Have the seller describe the specific unit on your quote.
For manufacturing and wholesale operations, see manufacturing and wholesale financing.
Separate equipment from delivery and setup
Ask for a written breakdown of the machine, accessories, delivery, placement and setup. Check whether stairs, a loading dock or restricted access affect the delivery arrangement. Confirm the dimensions with the person responsible for the location.
For an overview of loan and lease structures, consult the equipment financing overview.
Check support before comparing payments
Ask what warranty is included, who handles repairs and whether parts are available. Confirm cashless-reader compatibility and any separate account requirements. Request a demonstration of the features you need before accepting the unit.
For cash-flow and operating expenses, consider working capital financing.
Prepare your financing request
Keep the quote, seller details and intended equipment location together. Explain whether this is your first machine, a replacement or an addition to an existing route. Mehmi Financial Group can review your request and identify any further information needed. Equipment condition and lender requirements can affect the available options.
For financing based on receivables, stock or equipment, explore asset-based lending.
BDC's equipment financing guide is a general reference on financing an equipment purchase. Its products and terms are not a quote from Mehmi.
Explore financing for your OnCan purchase. Financing is subject to credit and lender approval. Confirm current inventory directly with OnCan.
Related resources: Review equipment loans, equipment leasing, and our equipment financing by equipment type directory.
Authoritative references
- Innovation, Science and Economic Development Canada: Canada Small Business Financing Program:
The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.
- BDC: Concetta Farina, Account Manager
Eligibility, lender criteria, tax treatment and terms for used vending machine quote checklist for OnCan Buyers vary by lender and can change. Confirm current details with the lender or vendor and review the final loan or financing documents before you commit. Approval is subject to lender review.