XCMG
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Mehmi Financial Group helps businesses finance and lease XCMG 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 XCMG units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About XCMG
XCMG (Xuzhou Construction Machinery Group) is a large Chinese construction equipment maker whose predecessor enterprises date to 1943, according to its company profile. XCMG builds excavators, wheel loaders, cranes, road machinery and many other products. In the USA, XCMG USA supports the brand's North American sales.
XCMG equipment on our list
Our eligible equipment list includes XCMG construction equipment. XCMG machines are often priced below comparable Japanese, European and American models, which attracts contractors and rental businesses looking to add capacity.
How lenders view XCMG equipment
Lenders tend to focus on dealer support and resale value for newer-to-market brands. They review the machine's hours and condition, warranty, the dealer's parts and service capability, and the work lined up. Because resale markets for some Chinese brands are still developing in North America, lenders may ask for a larger down payment or shorter term on used units.
Financing XCMG equipment
New XCMG machines bought through an established dealer are the simplest to finance. Comparing several lenders helps, since appetite for newer brands varies.
How XCMG equipment financing works
Most XCMG 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 XCMG 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 XCMG models with financing pages
| Model | Type | Category |
|---|---|---|
| XCMG Construction Equipment | Equipment | Construction |
Tax treatment of XCMG 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.
Frequently asked questions
Can I finance XCMG equipment in Canada or the USA?
Yes. New machines from an established dealer are the simplest to finance.
Do lenders treat XCMG differently from other brands?
Some lenders look harder at dealer support and resale value for newer-to-market brands.
Can I finance a used XCMG excavator?
Yes, though some lenders may want a larger down payment or shorter term.
What does XCMG stand for?
Xuzhou Construction Machinery Group.
Does warranty coverage help with financing?
Yes. A warranty and dealer support give lenders more confidence.
Should I compare lenders for XCMG equipment?
Yes. Appetite for newer brands varies between lenders.
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