Komatsu

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

About Komatsu

Komatsu is a Japanese manufacturer that marked its 100th anniversary in May 2021. It builds construction and mining equipment, and through Komatsu Forest it builds harvesters and forwarders for logging. On our eligible equipment list, Komatsu appears across excavators, dozers, wheel loaders and graders, forestry machines such as the 855, 875 and 895 forwarders and the 911.5 harvester, and very large mining trucks such as the 930E.

Komatsu in Canada

In much of Canada, Komatsu equipment is sold and supported by SMS Equipment, which handles Komatsu construction, mining and forestry machines along with used equipment, rentals and parts. Dealer support matters to lenders on specialized equipment, because service history and parts availability affect how they value a used machine.

Financing Komatsu construction vs forestry vs mining equipment

The same brand can look very different to a lender depending on the machine. A Komatsu excavator or dozer for general construction has a broad resale market and is usually assessed like other mainstream earthmoving equipment: hours, undercarriage and contracts. Komatsu forwarders and harvesters are forestry assets, where lenders also want to see cutting rights or contracts and understand seasonal access. Mining trucks and large mining equipment sit at the far end: very high values, component rebuild history and the mine plan or contract behind the purchase all matter, and only a small group of lenders handles them.

Used Komatsu equipment

Komatsu machines are often equipped with telematics (KOMTRAX), which can provide usage and location history. Sharing that data, along with dealer service records, can help a lender get comfortable with a used unit. As with any brand, older or high-hour machines may need a larger down payment or a shorter term.

How Komatsu equipment financing works

Most Komatsu 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.

Komatsu equipment we help finance

Financing Komatsu 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.

Komatsu excavators on our eligible equipment list include Komatsu PC130 Excavator, Komatsu PC138USLC-11 Excavator, Komatsu PC200-8 Excavator and Komatsu PC210 Excavator.

Financing Komatsu dozers

Dozers are financed for earthmoving, land clearing, forestry roads and site preparation. Lenders focus on hours, undercarriage percentage remaining, blade type and GPS or grade-control systems. Undercarriage is a major cost item, so a recent undercarriage inspection is useful. Larger dozers serve narrower markets, so lenders may review them more closely than mid-size units.

Komatsu dozers on our eligible equipment list include Komatsu D155AX-8 Dozer, Komatsu D275AX-5 Dozer, Komatsu D51 Dozer and Komatsu D51EX Dozer.

Financing Komatsu wheel loaders

Wheel loaders are financed for aggregates, snow removal, agriculture, waste and general construction. Lenders weigh hours, tire condition, bucket size and whether the loader is tied to steady work such as a yard, pit or municipal contract. Mid-size loaders resell well, which helps on terms. Tires on large loaders are expensive, so their condition can affect the appraised value.

Komatsu wheel loaders on our eligible equipment list include Komatsu WA270 Wheel Loader, Komatsu WA320 Wheel Loader, Komatsu WA380 Wheel Loader and Komatsu WA430 Wheel Loader.

Financing Komatsu forwarders

Forwarders are financed by logging contractors. Lenders review hours, crane and bunk condition, and the contracts or cutting volumes that support payments. Forestry lenders may also review seasonal access and road restrictions that affect cash flow.

Komatsu forwarders on our eligible equipment list include Komatsu 855 Forwarder, Komatsu 875 Forwarder and Komatsu 895 Forwarder.

Financing Komatsu motor graders

Motor graders are financed for road building, maintenance and site work, including municipal and contract road maintenance. Lenders weigh hours, moldboard and circle condition, tires and grade-control systems. Graders tied to multi-year road contracts are generally viewed as stronger files.

Komatsu motor graders on our eligible equipment list include Komatsu GD655-7 Motor Grader, Komatsu GD655 Motor Grader and Komatsu GD675-7 Motor Grader.

What lenders check on a Komatsu 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 Komatsu models with financing pages

Tax treatment of Komatsu 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.

Who sells and services Komatsu equipment in Canada?

In much of Canada, SMS Equipment sells and supports Komatsu construction, mining and forestry machines, including used equipment and parts.

Can KOMTRAX data help me finance a used Komatsu?

It can. Telematics usage history, together with dealer service records, gives a lender more confidence in a used machine's hours and condition.

Can I finance a Komatsu forwarder or harvester?

Yes, through lenders that understand forestry. Expect questions about cutting contracts, seasonal access and the condition of the crane or harvesting head.

Are Komatsu mining trucks financeable?

Yes, but only a small group of lenders handles very large mining assets. They review component rebuild history and the contract or mine plan behind the purchase.

Is a used Komatsu excavator easy to finance?

Mid-size Komatsu excavators have a broad resale market, so they are usually assessed like other mainstream earthmoving equipment on hours, undercarriage and condition.

Can I refinance Komatsu equipment I already own?

Some lenders offer refinancing or sale-leaseback on owned equipment. The amount depends on the appraised value and any existing liens.