Hyundai Construction Equipment
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Mehmi Financial Group helps businesses finance and lease Hyundai Construction Equipment equipment, including construction equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Hyundai Construction Equipment units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Hyundai Construction Equipment
Hyundai construction equipment is built by HD Hyundai Construction Equipment, which changed its company name in 2023 and established a global operations center in 2024. In North America, Hyundai CE North America sells compact, crawler and wheeled excavators, wheel loaders and other equipment through dealers, and promotes manufacturer financing and rebates.
Hyundai equipment
Hyundai excavators and wheel loaders are used by contractors, rental fleets and aggregate producers. HD Hyundai also owns DEVELON (formerly Doosan construction equipment), though the two brands are sold separately.
How lenders view Hyundai machines
Hyundai excavators are mainstream earthmoving equipment. Lenders review hours, undercarriage, hydraulics and the work lined up, and confirm dealer support nearby.
Financing Hyundai equipment
Manufacturer programs and rebates can be competitive on new machines. Comparing them with independent lenders helps on used units and mixed fleets.
How Hyundai Construction Equipment equipment financing works
Most Hyundai Construction Equipment 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 Hyundai Construction Equipment construction equipment
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 Hyundai Construction Equipment models with financing pages
| Model | Type | Category |
|---|---|---|
| Hyundai Construction Equipment | Equipment | Construction |
Tax treatment of Hyundai Construction Equipment 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 Hyundai excavator?
Yes. Lenders review hours, undercarriage, hydraulics and the work lined up.
Is Hyundai related to DEVELON?
HD Hyundai owns both, but the brands are sold separately.
Does Hyundai CE offer manufacturer financing?
Hyundai CE North America promotes financing and rebates. Compare them with other lenders.
Can I finance a Hyundai wheel loader for a quarry?
Yes. Lenders review hours, tires and the quarry's production.
Can I finance Hyundai equipment with attachments?
Usually, if the attachments are on the same invoice.
Should I compare lenders?
Yes, especially for used machines.
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