Topcon
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Mehmi Financial Group helps businesses finance and lease Topcon equipment, including construction equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Topcon units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Topcon
Topcon Positioning makes machine control and GNSS positioning systems for production-class excavators, dozers and graders.
Topcon equipment
Topcon machine control and survey equipment is used by earthmoving, paving and site-prep contractors.
What lenders look at
Machine control is reviewed with the machine it goes on and the contractor's work; it is often added to existing equipment.
Financing Topcon equipment
Systems can be financed with the machine or as stand-alone upgrades.
How Topcon equipment financing works
Most Topcon 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 Topcon construction equipment
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 Topcon models with financing pages
| Model | Type | Category |
|---|---|---|
| Topcon | Equipment | Construction |
| Topcon Machine Control System | Equipment | Construction |
| Topcon Medical | Equipment | Medical |
| Topcon Optometry Equipment | Equipment | Medical |
Tax treatment of Topcon 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.
End-of-term options on a Topcon 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 Topcon equipment
Construction: general contractors, excavation and site-prep firms, road builders, utility contractors, landscapers, demolition companies and equipment rental fleets finance Topcon equipment to take on new work, replace aging units or add capacity.
Medical: medical and dental clinics, imaging centres, specialists, veterinary practices and multi-location health groups finance Topcon 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 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 Topcon 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 Topcon machine control?
Yes, with the machine or on its own.
Can a GNSS base station be financed?
Yes.
Can survey equipment be financed?
Yes.
Can installation be included?
Some lenders include it.
Can machine control be added to an older excavator?
Yes, as an upgrade.
Do lenders review my contracts?
They help.
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