Hitachi

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

About Hitachi Construction Machinery

Hitachi is best known in North America for hydraulic excavators, from compact and mid-size machines like the ZX130 to very large mining shovels such as the EX8000, along with wheel loaders and rigid mining dump trucks like the EH5000. Its Americas product range covers compact, medium and large excavators, wheel loaders and mining machinery.

The end of the Deere-Hitachi joint venture

From 1988, Hitachi excavators in the Americas were built and sold largely through a joint venture with Deere. In 2021 the two companies agreed to end it, and in 2022 Hitachi Construction Machinery began rebuilding its own distribution and service network across the Americas. For buyers and lenders, this matters when checking dealer support, parts and service history on older Hitachi-built machines.

Financing Hitachi excavators and mining equipment

For mid-size Hitachi excavators, lenders focus on the usual items: hours, undercarriage, hydraulic condition and the work the machine will do. Mining equipment is a different category: mining excavators and rigid haul trucks are high-value, specialized assets, and lenders look closely at component rebuild history, operating hours and the mining contract or plan. Fewer lenders finance these, so comparing options matters.

Buying used Hitachi equipment

Because the dealer network changed in 2022, ask who has serviced a used machine and whether records are available. Clear service history and an inspection report make a used Hitachi excavator easier for a lender to value, particularly on private sales and auction purchases.

How Hitachi equipment financing works

Most Hitachi 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.

Hitachi equipment we help finance

Financing Hitachi excavators

Excavators are financed for site prep, utilities, demolition and trenching work. Lenders focus on hours, undercarriage wear, hydraulic condition and whether the machine has the right tail swing and attachments for your jobs. Mid-size crawler excavators have deep resale markets, which lenders like, while very large or highly customized units are reviewed more closely. Buckets, thumbs, hydraulic hammers and quick couplers can often be added to the financed amount when they are on the same invoice.

Hitachi excavators on our eligible equipment list include Hitachi ZX130-6 Excavator, Hitachi ZX135 Excavator, Hitachi ZX135US-7 Excavator and Hitachi ZX145-6 Excavator.

Financing Hitachi mini excavators

Mini and compact excavators are financed by landscapers, utility contractors, plumbers and rental fleets. Because they are widely used and easy to resell, lenders tend to see them as straightforward collateral. Hours, track condition and attachment packages matter most. Many buyers finance a compact excavator together with a trailer, which some lenders will structure as one deal.

Hitachi mini excavators on our eligible equipment list include Hitachi ZX17U-6 Mini Excavator, Hitachi ZX26U-6 Mini Excavator, Hitachi ZX35U-6 Mini Excavator and Hitachi ZX55U-6 Mini Excavator.

Financing Hitachi mining trucks

Mining trucks are very large, specialized assets financed by mining companies and large contractors. Lenders focus on hours, component rebuild history, payload class and the mine plan or contracts behind the purchase.

Hitachi mining trucks on our eligible equipment list include Hitachi EH5000AC-3 Mining Truck.

What lenders check on a Hitachi excavator

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 Hitachi models with financing pages

Tax treatment of Hitachi 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.

Does the end of the Deere-Hitachi joint venture affect financing?

Not directly, but it matters for service and parts history. Ask who has serviced a used Hitachi machine and whether records are available, since the dealer network changed in 2022.

Can I finance a Hitachi mining excavator or haul truck?

Yes, through the small group of lenders that handle mining assets. Expect detailed review of component history, hours and the mining contract.

Is a used Hitachi ZX excavator a good financing candidate?

Mid-size Hitachi excavators are mainstream earthmoving machines, so lenders focus on hours, undercarriage, hydraulics and the work lined up for the machine.

What documents help on a private-sale Hitachi excavator?

A bill of sale, proof of ownership, a lien search, the serial number and hours, and ideally service records or an inspection report.

Can Hitachi wheel loaders be financed with excavators in one deal?

Some lenders can finance several machines together when they are part of one purchase or project.

Are Hitachi parts and service available in Canada?

Hitachi Construction Machinery has been rebuilding its own distribution and service network across the Americas since 2022. Check the dealer serving your area before you buy.