Hexagon equipment is used where dimensional accuracy, traceability, inspection speed, and quality control directly affect production. Canadian manufacturers use Hexagon systems for part inspection, reverse engineering, machine calibration, automated measurement, aerospace components, automotive tooling, molds, fixtures, medical components, and high-value industrial assemblies. Hexagon’s metrology hardware portfolio includes coordinate measuring machines, laser tracker systems, industrial three-dimensional laser scanners, machine calibration and optimisation tools, probes, sensors, and measurement accessories.
Financing can make more sense than paying cash because inspection equipment is often part of a larger production investment. A business may need fixtures, probes, scanners, software, training, calibration, installation, service plans, and environmental setup in addition to the core machine. Using equipment leasing in Canada can help spread the cost over the useful life of the asset while keeping cash available for materials, payroll, tooling, inventory, and customer ramp-up.
From a Canadian tax perspective, leasing and buying are treated differently. Lease payments are generally expensed through the business, while purchased equipment is usually deducted over time through capital cost allowance. The lender typically pays goods and services tax or harmonized sales tax at purchase and passes applicable taxes through each lease payment, and registrants may be able to claim input tax credits. A practical approval example would be a five-year Ontario aerospace supplier with clean bank statements, 700 credit, and a dealer quote for a Hexagon bridge coordinate measuring machine. If the machine replaces outsourced inspection and supports active customer work, the file may fit a 48-to-72-month structure with limited upfront cash.
Hexagon financing can apply to new and used coordinate measuring machines, bridge coordinate measuring machines, portable measuring arms, laser trackers, industrial laser scanners, machine-tool calibration systems, probes, sensors, styli, fixtures, inspection workstations, and related metrology packages. Hexagon also lists Canadian contact support for coordinate measuring machines, portable measurement arms, laser trackers, and a Calgary office, which matters because lender comfort improves when equipment can be supported locally.
For underwriting, Hexagon systems are usually treated as industrial and manufacturing equipment. A practical benchmark is that equipment age plus finance term should generally not exceed 25 years, with older or heavily used assets attracting shorter terms. Lenders will review model year, serial number, controller condition, probe package, scanner type, calibration records, software compatibility, service history, seller credibility, and resale demand. Hexagon recommends annual inspection, certification, and recalibration for measuring machines, which makes calibration history especially important on used systems.
Mehmi may structure the transaction as equipment loans, lease-to-own financing, or a broader manufacturing and wholesale equipment financing package. A practical example would be an Alberta machine shop buying a used Hexagon laser tracker to inspect large welded assemblies. Strong bank statements, dealer documentation, recent calibration, verified serial numbers, and a replacement-use or contract-backed purpose can support approval; weak credit or missing service history may require 10 to 25 percent down.
A strong Hexagon financing file starts with a signed credit application, three to six months of original-PDF bank statements, equipment quote or invoice, model and serial number, year, configuration, calibration status, software and probe details, seller information, and a personal net worth statement for most owner-guaranteed files. Financial statements are usually required over $250,000, and a credit write-up is usually required over $100,000. Private sales need bill of sale, proof of payment, lien search, equipment photos, serial-number verification, seller ownership support, and often extra time before funding.
Clean dealer files can often be reviewed in 24 to 48 hours when the application, bank statements, and equipment details are complete. Private sales, auction purchases, older metrology systems, challenged credit, or larger multi-asset inspection packages can take three to five business days. The five credit factors are character, capacity, capital, collateral, and conditions. Character means bureau quality, repayment history, and whether bank statements show non-sufficient funds. Capacity means cash flow versus the payment. Capital means down payment, retained cash, net worth, and homeownership. Collateral means the Hexagon equipment is identifiable, insurable, serviceable, calibrated, and resaleable. Conditions mean industry, time in business, inspection purpose, and whether the equipment supports active work.
A Hexagon-specific approval killer is a used coordinate measuring machine or laser tracker with missing calibration records, outdated software, unclear probe package, unknown service history, or a seller who cannot prove ownership. Canada Revenue Agency arrears without a payment plan, three or more non-sufficient funds in 24 months, or a requested term that is too long for the asset age can also weaken approval. Preparing a clean documents-needed checklist before applying helps prevent funding delays.
Hexagon equipment holds strong residual values in the Canadian manufacturing market, making it an excellent candidate for equipment financing and leasing programs.
Mehmi Financial Group offers lease-to-own, operating leases, and equipment loans for Hexagon machinery. Seasonal payment structures and step-up schedules are available for manufacturing operations with variable revenue.
Both new and used Hexagon units are eligible. Used equipment typically requires documentation of hours, age, and service history. Terms range from 24 to 84 months depending on value and condition.
Q: Can I finance used Hexagon equipment in Canada?
A: Yes, used Hexagon equipment can be financed in Canada when the system is identifiable, serviceable, calibrated, and properly documented. Lenders review age, condition, serial number, calibration history, software compatibility, probe package, seller credibility, and whether the equipment supports active production or inspection revenue. Stronger borrowers may qualify with lower upfront cash, while challenged-credit files may need 10 to 25 percent down. Review down payment requirements for equipment financing in Canada for structure expectations.
Q: What Hexagon models does Mehmi Financial Group finance?
A: Mehmi Financial Group can review financing for Hexagon coordinate measuring machines, portable measuring arms, laser trackers, industrial laser scanners, probes, sensors, calibration systems, fixtures, and related inspection equipment. Approval depends on asset age, condition, calibration status, documentation, seller quality, software compatibility, and business use. Dealer-supplied systems with clear invoices and service records are usually easier to fund than older private-sale systems with limited documentation.
Q: How long does approval take?
A: Clean dealer files can often be reviewed within 24 to 48 hours when the application, bank statements, quote, and equipment details are complete. Private sales, auction systems, larger requests, or bruised-credit files can take three to five business days. Lenders may ask for photos, lien search results, insurance confirmation, serial-number verification, calibration certificates, and a credit write-up. A pre-approval checklist can help organize the file before a purchase deadline.
Q: What documents do I need to apply?
A: Most Hexagon financing applications need a credit application, three to six months of original-PDF bank statements, equipment quote or invoice, serial number, model year, configuration details, calibration records, software details, and a personal net worth statement for most owner-guaranteed files. Financial statements are usually required over $250,000, and a credit write-up is usually required over $100,000. Private sales also need bill of sale, lien search, proof of payment, photos, and seller ownership details. See equipment financing requirements in Canada for broader qualification guidance.
Q: Is leasing or buying Hexagon equipment better for my Canadian business?
A: Leasing is often better when the business wants to preserve cash and match payments to inspection, quality-control, or production output. Buying may be better when the company has strong cash reserves and wants full ownership immediately. For metrology equipment, leasing can be useful because probes, software, calibration, fixtures, service plans, and training can create extra cash demands around the purchase. If the business already owns valuable inspection or manufacturing equipment and needs liquidity, refinancing or sale-leaseback may also be reviewed.
Q: How does goods and services tax or harmonized sales tax work on leased Hexagon equipment in Canada?
A: On leased Hexagon equipment, the lender typically pays goods and services tax or harmonized sales tax at purchase and passes applicable taxes through each lease payment. Registrants may be able to claim input tax credits on those payments, subject to their accountant’s advice. Provincial sales tax may apply in British Columbia, Saskatchewan, and Manitoba, while Quebec sales tax applies in Quebec. The right structure should be reviewed before signing because tax treatment depends on lease type and province.
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