Konecranes
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Mehmi Financial Group helps businesses finance and lease Konecranes equipment, including cranes, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Konecranes units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Konecranes
Konecranes is a global lifting company with about 16,500 employees.
Konecranes equipment
Konecranes overhead cranes, hoists and port cranes are used in plants, warehouses and terminals.
What lenders look at
Crane projects are reviewed on installation, building structure and the operation's finances.
Financing Konecranes equipment
Overhead cranes are usually financed with installation as one project.
How Konecranes equipment financing works
Most Konecranes 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.
Konecranes equipment we help finance
Financing Konecranes cranes
Cranes are among the most specialized assets lenders review. Expect questions about crane type and capacity, inspection and certification records, boom and rigging condition, and the contracts or rental demand the crane supports. Insurance and operator certification are typically confirmed before funding. Because values depend heavily on condition and documentation, a recent inspection report can make a real difference to how a lender views the file.
Konecranes cranes on our eligible equipment list include Konecranes equipment.
What lenders check on a Konecranes crane
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.
Tax treatment of Konecranes equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. 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.
End-of-term options on a Konecranes lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Konecranes equipment
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and hours?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Konecranes equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance a Konecranes overhead crane?
Yes.
Can installation be included?
Some lenders include it.
Can hoists be financed?
Yes.
Can a port finance cranes?
Yes, as projects.
Can used cranes be financed?
Yes, with inspection.
Is service included?
Some deals include it.
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