JLG
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Mehmi Financial Group helps businesses finance and lease JLG equipment, including lifts, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used JLG units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About JLG
JLG's story starts with safety. According to JLG, founder John L. Grove witnessed a fatal scaffolding accident in 1969, which led to the first JLG aerial work platform in 1970 and helped create the access industry. Today JLG builds boom lifts, scissor lifts, vertical lifts and telehandlers.
JLG equipment on our list
Our eligible equipment list includes JLG telescopic boom lifts such as the 460SJ, 1200SJP and 1350SJP. The largest booms reach well over 100 feet and are used on commercial construction, industrial maintenance, utilities and large building projects.
How lenders view JLG lifts
Aerial lifts are widely owned by rental companies and contractors, which supports a strong resale market. Lenders review platform height, power type, hours, the annual inspection status and the condition of the boom, jib and platform. For large booms, transport and the work or rental demand behind the machine matter.
Rental fleets and contractors
Rental companies usually finance lifts in groups and are assessed on utilization, rental rates and fleet financials. Contractors buying a lift for their own use are assessed on their project pipeline. Lenders may also ask about inspection programs and operator training. Comparing dealer programs with independent lenders helps on used lifts and mixed-brand fleets.
How JLG equipment financing works
Most JLG 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.
JLG equipment we help finance
Financing JLG 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.
JLG aerial lifts on our eligible equipment list include JLG 1200SJP Boom Lift, JLG 1350SJP Boom Lift, JLG 460SJ Boom Lift and JLG 600S Boom Lift.
What lenders check on a JLG 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 JLG models with financing pages
| Model | Type | Category |
|---|---|---|
| JLG 1200SJP Boom Lift | Aerial lifts | Construction |
| JLG 1350SJP Boom Lift | Aerial lifts | Construction |
| JLG 460SJ Boom Lift | Aerial lifts | Construction |
| JLG 600S Boom Lift | Aerial lifts | Construction |
| JLG 800AJ Boom Lift | Aerial lifts | Construction |
Tax treatment of JLG 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 JLG boom lift?
Yes. Lenders review platform height, hours, inspection status and condition.
Can a rental company finance a fleet of JLG lifts?
Yes. Lenders review utilization, rental revenue and fleet financials.
Do lenders need annual inspection records on a lift?
They help, especially on used units. Current inspections show the lift is in safe working order.
Can I finance a JLG 1350SJP?
Yes. Large booms are assessed on condition, hours and the work or rental demand behind them.
How did JLG start?
JLG says founder John L. Grove built the first JLG aerial work platform in 1970 after witnessing a scaffolding accident in 1969.
Can a contractor lease a JLG lift for a project?
Yes. Leases can suit project-based needs, depending on the lender.
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