Epiroc
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Mehmi Financial Group helps businesses finance and lease Epiroc equipment, including forestry equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Epiroc units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Epiroc
Epiroc was created when Atlas Copco split into two companies. In January 2017, Atlas Copco announced the split, and on April 24, 2018 its shareholders approved distributing Epiroc, which was listed on Nasdaq Stockholm. Atlas Copco focuses on industrial customers, while Epiroc focuses on mining, infrastructure and natural resources.
Epiroc products
According to Epiroc, its products include hydraulic attachment tools, geotechnical and rock drilling tools, underground and surface mining equipment and sprayed concrete machines. Our eligible equipment list includes Epiroc drilling and rock tools and mining equipment.
How lenders view Epiroc equipment
Drill rigs and mining equipment are specialized, high-value assets. Lenders review hours, component rebuild history, the rig's configuration and the mining, quarrying or construction contracts behind it. Hydraulic attachments such as breakers are assessed with the carrier machine they will go on. Fewer lenders handle mining equipment, so comparing options is worthwhile.
Financing Epiroc equipment
Contractors and mines often finance drill rigs alongside other equipment for a project. Documented service history, an inspection and clear contracts make the biggest difference on used units.
How Epiroc equipment financing works
Most Epiroc 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 Epiroc forestry equipment
Lenders look at hours, component condition and the contracts or cutting rights behind the work. Forestry equipment is specialized, so lender appetite and terms vary more than for general construction machines.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours, 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 Epiroc models with financing pages
| Model | Type | Category |
|---|---|---|
| Epiroc Drilling & Rock Tools | Equipment | Forestry |
| Epiroc Mining | Equipment | Forestry |
Tax treatment of Epiroc 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.
Frequently asked questions
Is Epiroc part of Atlas Copco?
No. Epiroc split from Atlas Copco in 2018 and is listed separately.
Can I finance a used Epiroc drill rig?
Yes, through lenders comfortable with drilling and mining equipment.
Can an Epiroc hydraulic breaker be financed?
Yes, often with the excavator it will be mounted on.
What do lenders check on mining equipment?
Hours, component rebuild history, configuration and the contracts behind it.
Can a quarry finance Epiroc surface drilling equipment?
Yes. Lenders review the quarry's financials and production.
Can drilling tools and consumables be financed?
Large tool packages may be included with a rig. Ask the lender.
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