Canon
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Mehmi Financial Group helps businesses finance and lease Canon equipment, including printers, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Canon units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Canon Medical
Canon Medical Systems traces its roots to Toshiba Medical Systems. In December 2016, Toshiba Medical announced completion of its acquisition by Canon. Canon Medical describes more than 100 years of innovation, including the Aquilion ONE CT systems.
Canon equipment on our list
Our list includes Canon medical imaging such as the Aquilion Precision CT, along with Canon business equipment.
How lenders view medical imaging
CT, MRI and other imaging systems are high-value assets financed for hospitals, imaging centres and clinics. Lenders review the quote (including installation, shielding and service), the practice or centre's financials and patient volumes.
Financing Canon equipment
Imaging projects often include site preparation and construction. Some lenders finance the full project, and leases with upgrade options suit technology that changes quickly.
How Canon equipment financing works
Most Canon 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 Canon printer
Lenders look at the practice or clinic financials, licensing, and the vendor or service agreement. Installation, software and training costs can sometimes 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 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 Canon models with financing pages
| Model | Type | Category |
|---|---|---|
| Canon Aquilion Precision CT | Equipment | Medical |
| Canon Business | Equipment | Technology |
| Canon Medical | Equipment | Medical |
| Canon Medical Imaging | Equipment | Medical |
| Canon Production Printer | Printer | Technology |
Tax treatment of Canon equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. 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 Canon 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 Canon equipment
Medical: medical and dental clinics, imaging centres, specialists, veterinary practices and multi-location health groups finance Canon equipment to take on new work, replace aging units or add capacity.
Technology: IT service firms, data-driven operations, offices and clinics upgrading systems, and technology resellers finance Canon 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?
- 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 Canon 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 an imaging centre finance a Canon CT scanner?
Yes. Lenders review the quote, installation and the centre's financials.
Is Canon Medical formerly Toshiba Medical?
Yes. Canon completed its acquisition of Toshiba Medical in 2016.
Can site preparation be included?
Some lenders finance installation, shielding and site work.
Can I finance used imaging equipment?
Yes. Lenders review age, service history and the quote.
Is a lease good for imaging technology?
Leases with upgrade options can suit technology that changes quickly.
Can service contracts be included?
Some lenders include service when it is on the quote.
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