Heil

Mehmi Financial Group helps businesses finance and lease Heil equipment, including trailers, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Heil units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.

About Heil

Heil is a leader in garbage truck body design and refuse body manufacturing and is celebrating 125 years. The early company specialized in electrical welding to make streetcar rails, tanks and truck bodies, according to its history.

Heil equipment

Heil builds front-load, rear-load, side-load and automated refuse bodies mounted on truck chassis from other manufacturers. Municipalities and private waste haulers are its main customers.

How lenders view refuse trucks

A refuse truck is financed as a chassis plus body, and the body is a large share of the cost. Lenders review the chassis's age and mileage, the body's condition and hydraulics, and the collection contracts behind the truck. Municipal and long-term private contracts strengthen the file.

Financing Heil refuse bodies

Haulers often finance several trucks to serve a new contract. Replacement bodies can also be financed on their own. Lenders review contracts and fleet financials.

How Heil equipment financing works

Most Heil 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.

Heil equipment we help finance

Financing Heil trailers

Trailers are financed alongside trucks or on their own. Lenders review trailer type (dry van, reefer, flatbed, step deck, lowboy, dump), model year, axle and suspension setup and, for reefers, the refrigeration unit's hours. Standard dry vans and flatbeds resell widely, while specialized trailers depend more on the buyer's contracts.

Heil trailers on our eligible equipment list include Heil Trailer International.

What lenders check on a Heil trailer

Lenders look at model year, odometer reading, engine and emissions history, and your driving or operating experience. Long-haul use is often reviewed more closely than local or vocational work.

Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and kilometres or miles, 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 Heil models with financing pages

Tax treatment of Heil equipment

In Canada, trucks and tractors designed for hauling freight with a gross vehicle weight rating over 11,788 kg generally fall in CCA Class 16, while other trucks and vehicles generally fall in Class 10. Trailers have their own rules, so 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.

Can I finance a Heil refuse body on its own?

Yes, some lenders finance replacement bodies separately.

Can I finance a refuse truck with a Heil body?

Yes. Lenders review the chassis, the body and your collection contracts.

How long has Heil been in business?

Heil is celebrating 125 years.

Can a waste hauler finance several trucks for a new contract?

Yes. Lenders review the contract and fleet financials.

Can a municipality lease refuse trucks?

Yes, through leases or loans depending on the lender.

Do collection contracts help with financing?

Yes. Long-term contracts strengthen the application.