Okuma
Explore & Source Quality Equipment Across Canada. Whether you're exploring our inventory of pre-owned trucks and heavy machinery or sourcing equipment through a private sale, we help you secure the best deals and handle transactions smoothly, safely, and competitively with our dealer network.
Mehmi Financial Group helps businesses finance and lease Okuma equipment, including lathes and CNC machines, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Okuma units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Okuma
Okuma was founded by Eiichi Okuma in 1898 in Nagoya, Japan, originally to make noodle-making machines, and moved into machine tools in 1904, according to Okuma and its 125-year anniversary release. Okuma established US production in Charlotte, North Carolina.
Okuma equipment
Okuma CNC lathes, machining centres and multi-tasking machines are used by precision manufacturers.
How lenders view this equipment
CNC machines from major brands have established resale markets. Lenders review age, spindle hours, controls, tooling and contracts.
Financing Okuma equipment
Tooling, automation and installation can often be included. Used machines are financed with an appraisal.
How Okuma equipment financing works
Most Okuma 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 Okuma lathe
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 Okuma models with financing pages
| Model | Type | Category |
|---|---|---|
| Okuma | Equipment | Manufacturing |
| Okuma LB3000 EX II CNC Lathe | Lathe | Manufacturing |
| Okuma MB-500H CNC | Cnc | Manufacturing |
Tax treatment of Okuma 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.
End-of-term options on a Okuma 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 Okuma equipment
Manufacturing: fabricators, machine shops, plastics and packaging manufacturers, food processors and contract manufacturers finance Okuma equipment to take on new work, replace aging units or add capacity.
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 age and usage?
- 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 Okuma 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 an Okuma CNC lathe?
Yes. Lenders review the machine and the shop's financials.
When was Okuma founded?
In 1898 in Nagoya, Japan.
Does Okuma build machines in the US?
Okuma established US production in Charlotte, North Carolina.
Can I finance a used Okuma?
Yes, with an appraisal.
Can tooling be included?
Usually, if it is on the quote.
Can a shop finance several machines?
Yes.
.svg){kind=small}