Amada
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Mehmi Financial Group helps businesses finance and lease Amada equipment, including presses, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Amada units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Amada
Amada is a Japanese maker of sheet-metal fabrication machinery. Amada America was established in Seattle in 1971 and has been located in California since 1973, and Amada Press System America has been integrating into Amada America. Amada builds press brakes, fiber lasers, punching machines and automation.
Amada equipment on our list
Our list includes Amada HFE press brakes, used by fabrication shops, HVAC and enclosure makers, and metal product manufacturers.
How lenders view fabrication machinery
Press brakes and lasers are core fabrication assets with established resale markets. Lenders review age, tonnage and bed length, controls, tooling and the shop's contracts and financials. Rigging, installation and tooling can be a meaningful part of the cost.
Financing Amada equipment
Many lenders include tooling, rigging and installation when they are on the quote. Used machines are financed based on condition and an appraisal.
How Amada equipment financing works
Most Amada purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
What lenders check on a Amada presse
Lenders look at the machine type, installation and tooling costs, and the contracts or production the equipment supports. Soft costs such as rigging and installation may be included, subject to lender approval.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and age and usage, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Amada models with financing pages
| Model | Type | Category |
|---|---|---|
| Amada | Equipment | Manufacturing |
| Amada HFE 50-3 Press Brake | Press | Manufacturing |
| Amada HFE M2 Press Brake | Press | Manufacturing |
Tax treatment of Amada equipment
In Canada, machinery used to manufacture or process goods has its own CCA classes (Class 43 and Class 53), and which one applies depends on the asset and purchase date. Confirm the class with your accountant. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
End-of-term options on a Amada lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Amada equipment
Manufacturing: fabricators, machine shops, plastics and packaging manufacturers, food processors and contract manufacturers finance Amada equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and age and usage?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Amada equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance an Amada press brake with tooling?
Yes. Many lenders include tooling when it is on the quote.
Can I finance a used Amada press brake?
Yes. Lenders review age, tonnage, controls and condition.
Can rigging and installation be included?
Some lenders include these costs, subject to approval.
Can an Amada fiber laser be financed?
Yes. Lenders review the laser, the shop's financials and contracts.
Where is Amada America based?
Amada America has been located in California since 1973.
Can a fabrication shop finance several machines together?
Yes. Lenders can finance a full production line.
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