Truck & Equipment Parts Financing Canada

What Is Direct Parts Financing?

Finance the part. Skip the delay.

When a major component fails — an engine, transmission, emissions system, or other high-value part — the cost of sourcing and purchasing it can stop a job in its tracks. Direct parts financing lets owner-operators, fleets, and independent repair shops purchase critical commercial parts without paying the full invoice upfront. The cost is financed into manageable monthly payments, and we pay the parts supplier directly once your file is approved.

This applies to qualifying parts-only purchases from commercial suppliers and dealerships — including high-value components being sourced for self-installation or independent repair shop use.

Funds paid directly to your parts supplier
No down payment required
Manageable monthly payments over 6 to 24 months
Financing from $5,000 for qualifying parts purchases

Direct Parts Financing Benefits

Get the part. Keep the job moving.

Waiting to source a critical part because of upfront cost means downtime — and downtime costs more than the part itself. Direct parts financing lets you purchase what you need immediately and spread the cost over time, without sacrificing the operating cash that keeps the rest of the business running.

With Mehmi Direct Parts Financing, You Can:

Source critical components immediately instead of waiting on cash
Finance high-value parts like engines, transmissions, and emissions systems
Have the parts supplier paid directly, without covering the full cost upfront
Keep operating cash free for fuel, insurance, and payroll

Ideal If You Want To:

Avoid delaying a major parts purchase due to upfront cost
Give independent repair shops and fleets a payment option for large parts orders
Move a big-ticket parts job forward without stalling on financing

Why Choose Mehmi for Direct Parts Financing?

At Mehmi Financial Group, we understand that a parts order held up by cash flow is a job that doesn't get done — and a truck that doesn't earn. Direct parts financing gives Canadian owner-operators, fleets, and independent repair shops a fast, straightforward way to secure critical components and keep work moving without disrupting cash flow.

We don't report your account to the credit bureaus unless a default leads to collections, so financing a parts purchase doesn't show up as new debt in the normal course of repayment. And because this is commercial financing, interest may be tax-deductible if you file as a business — confirm the details with your accountant.

Direct parts financing from $5,000
Covers high-value components including engines, transmissions, and emissions systems
Available to owner-operators, fleets, and independent repair shops
Transparent terms — a flat admin fee, no other hidden costs

Finance Smarter — Parts Financing Made Easy

Get the parts you need without tying up the cash you need for fuel, insurance, and payroll. We review your parts invoice and your business to get you a decision fast.
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Repair invoices from $5,000+

No down payment required

Conditional approval often within 1 business hour

No early payout penalty (open loan)
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Get Started

Who Qualifies for Direct Parts Financing?

You’re likely a strong match if:

You have a parts invoice or quote of $5,000 or more for commercial components
You are an owner-operator, fleet, or independent repair shop purchasing parts for commercial use
You have steady job or business history and 650+ credit score

Even with a lower credit score or shorter history, you may still qualify — strong cash flow or a cosigner can help strengthen an application. We typically look for a credit profile in the 650+ range, but we'll also weigh the full picture of your file.

Apply now

Direct Parts Financing vs Credit Card vs Cash: What's Right for Your Business?

Feature	Direct Parts Financing	Credit Card	Cash
Cost of Borrowing	About 1.5%/month on the declining balance — averaging just over 10% annually	Typical Canadian card rates run about 19.99%–25.99% if a balance is carried	No interest, but ties up working capital
Upfront Cost	No down payment required	Uses available card limit	Full invoice paid immediately
Where Funds Go	Paid directly to your parts supplier	Charged to your card at point of sale	Paid directly from your account
Early Payout	No early payout penalty (open loan)	N/A	N/A
Impact on Credit	Not reported to credit bureaus unless an account defaults	Reduces available credit, may affect utilization	No credit impact, but reduces cash reserves
Tax Treatment	Interest may be tax-deductible for commercial use*	Interest typically not deductible on personal cards	N/A

Financing your parts purchase at 1.5%/month on a declining balance costs significantly less than carrying that same amount on a credit card at typical Canadian rates — and it keeps your operating cash free for fuel, payroll, and the road ahead.

*Tax benefits depend on structure and jurisdiction. Always consult your accountant.

FAQ: Got Questions? We’re Straightforward.

Can I get approved with bad credit or a limited credit history?

Yes. Mehmi Financial Group reviews direct parts financing applications from a wide range of credit profiles, including bank-declined files and businesses rebuilding after a setback. Strong cash flow or a cosigner can help strengthen a file even with a challenged credit history.

How fast can I get approved and funded?

Most files get a conditional decision within one business day once your parts invoice and documents are submitted. Once approved, we pay your parts supplier directly.

Do you pay the parts supplier directly, or do I get the funds?

We pay the parts supplier directly once approval and final documentation are complete. That keeps the transaction connected to the actual parts order and gets your components released without you covering the cost upfront.

Do I need a down payment?

No. Direct parts financing through Mehmi requires no down payment, so you can get your parts order moving without paying anything upfront.

What types of parts qualify?

Qualifying purchases include high-value commercial components such as engines, transmissions, emissions systems, and other major parts sourced from commercial suppliers or dealerships. If you're unsure whether your parts order qualifies, get in touch and we'll let you know quickly.

Can I pay off the balance early?

Yes. This is an open loan, so you can pay it off in full or in part at any time with no early payout penalty.

Is this available to independent repair shops, not just owner-operators?

Yes. Direct parts financing is available to owner-operators, fleets, and independent repair shops purchasing high-value commercial components. If you're sourcing parts for your own shop or for customer builds, get in touch and we can walk you through the options.

Trusted by Businesses
Across Canada

1 business hour — Typical conditional approval time

650+ Credit — Considered, with cosigners and asset value also reviewed

Serving Canada nationwide

Direct Parts Financing

What Is Direct Parts Financing?

Direct Parts Financing Benefits

Why Choose Mehmi for Direct Parts Financing?

Who Qualifies for Direct Parts Financing?

3 Steps. No Surprises.

Get your parts invoice or quote

Get In Touch

Get Approved

Direct Parts Financing vs Credit Card vs Cash: What's Right for Your Business?

FAQ: Got Questions? We’re Straightforward.