Genie
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Mehmi Financial Group helps businesses finance and lease Genie equipment, including lifts and telehandlers, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Genie units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Genie
Genie was founded in 1966, when Bud Bushnell bought the manufacturing rights to a material lift powered by compressed air, according to Genie. The "magic in the bottle" that raised and lowered the hoist gave the brand its name. Genie went on to build man-lifts, boom lifts, scissor lifts and telehandlers, and celebrates its 60th anniversary in 2026.
Genie's ownership in 2026
Genie is part of Terex. In 2026, Terex merged with REV Group and announced plans to sell Genie as part of a shift away from the construction market. For buyers, the practical point is that parts and dealer support continue, but it is worth watching for ownership changes.
Genie equipment on our list
Our eligible equipment list includes Genie boom lifts such as the S-60 and S-125 and telehandlers such as the GTH-1056. These machines are core rental fleet assets and are used across commercial construction, industrial maintenance and agriculture.
How lenders view Genie lifts
Aerial lifts and telehandlers have a strong resale market because rental companies buy and sell them constantly. Lenders review platform height or lift capacity, hours, inspection status and condition. Rental companies are assessed on utilization and fleet financials, while contractors are assessed on their projects.
How Genie equipment financing works
Most Genie 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.
Genie equipment we help finance
Financing Genie aerial lifts
Aerial lifts, scissor lifts and boom lifts are financed by contractors and rental companies. Lenders look at platform height, power type, hours and inspection records. Rental fleets often finance several units at once, and lenders review utilization and rental revenue for those deals.
Genie aerial lifts on our eligible equipment list include Genie S-125 Boom Lift, Genie S-60 Boom Lift, Genie S-85 Boom Lift and Genie Z-80/60 Boom Lift.
Financing Genie telehandlers
Telehandlers are financed by contractors, farms and rental fleets. Lenders look at lift height, capacity, hours and attachment packages. Their wide use across industries gives them a healthy resale market.
Genie telehandlers on our eligible equipment list include Genie GTH-1056 Telehandler.
What lenders check on a Genie lift
Lenders look at machine hours, service records, undercarriage or tire condition, and whether the unit is tied to contracts or a steady work program. Used machines with strong resale demand are usually easier to finance than specialized units.
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 Genie models with financing pages
| Model | Type | Category |
|---|---|---|
| Genie GTH-1056 Telehandler | Telehandler | Construction |
| Genie S-125 Boom Lift | Aerial lifts | Construction |
| Genie S-60 Boom Lift | Aerial lifts | Construction |
| Genie S-85 Boom Lift | Aerial lifts | Construction |
| Genie Z-80/60 Boom Lift | Aerial lifts | Construction |
Tax treatment of Genie equipment
In Canada, power-operated movable equipment used to excavate, move, place or compact earth, rock, concrete or asphalt generally falls in CCA Class 38. Confirm the class for your exact asset 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.
Frequently asked questions
Can I finance a used Genie S-60 boom lift?
Yes. Lenders review platform height, hours, inspection status and condition.
Is Genie being sold by Terex?
Terex announced plans to sell Genie after merging with REV Group in 2026. Parts and dealer support continue.
Can I finance a Genie GTH telehandler for a farm?
Yes. Telehandlers are financed for construction and agriculture alike.
Can a rental company finance a fleet of Genie lifts?
Yes. Lenders review utilization, rental revenue and fleet financials.
How old is the Genie brand?
Genie was founded in 1966 and celebrates its 60th anniversary in 2026.
Do lenders need inspection records for a Genie lift?
Current annual inspections help, especially on used units.
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