Jungheinrich
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Mehmi Financial Group helps businesses finance and lease Jungheinrich equipment, including forklifts, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Jungheinrich units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Jungheinrich
Jungheinrich is a German material-handling company based in Hamburg. Its history begins with an import and export company founded by Hermann Jungheinrich in 1908, and today's company was founded in 1953 by his son Friedrich Jungheinrich, according to its profile.
Jungheinrich equipment
Jungheinrich builds electric forklifts, reach trucks, order pickers, very-narrow-aisle trucks, pallet trucks and automated warehouse systems, with a strong focus on electric and lithium-ion power.
How lenders view warehouse equipment
Warehouse trucks are often financed in fleets. Lenders review truck type, hours, battery and charger condition and the business's financials. Automated systems are assessed as projects, with installation and software included where possible.
Financing Jungheinrich equipment
Leases with service and planned replacement are common for warehouse fleets. Dealer programs and independent lenders can be compared.
How Jungheinrich equipment financing works
Most Jungheinrich 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.
Jungheinrich equipment we help finance
Financing Jungheinrich forklifts
Forklifts are financed by warehouses, manufacturers and distributors. Lenders look at capacity, power type (electric, propane or diesel), hours and battery condition for electric units. Forklifts are often financed in fleets, and some lenders offer structures that include service.
Jungheinrich forklifts on our eligible equipment list include Jungheinrich (forklifts).
What lenders check on a Jungheinrich forklift
Lenders look at the machine type, installation and tooling costs, and the contracts or production the equipment supports. Soft costs such as rigging and installation may be included, subject to lender approval.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and age and usage, 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 Jungheinrich models with financing pages
| Model | Type | Category |
|---|---|---|
| Jungheinrich (forklifts) | Forklift | Manufacturing |
Tax treatment of Jungheinrich equipment
In Canada, machinery used to manufacture or process goods has its own CCA classes (Class 43 and Class 53), and which one applies depends on the asset and purchase date. 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.
Frequently asked questions
Can I finance a fleet of Jungheinrich reach trucks?
Yes. Lenders often finance warehouse trucks in fleets.
Where is Jungheinrich based?
Jungheinrich is based in Hamburg, Germany.
Can lithium-ion batteries be financed?
Yes, with the trucks or separately.
Can an automated warehouse system be financed?
Yes. Lenders review the project, installation and software.
Can I lease Jungheinrich equipment with service?
Leases with service are common. Ask the lender or dealer.
Can I finance used Jungheinrich trucks?
Yes. Lenders review hours and battery condition.
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