Engine Rebuild, Overhaul & Replacement Financing

When your engine reaches end-of-life, an overhaul or replacement costs far less than buying new — but the invoice is still one of the biggest a driver or fleet will face. Finance engine overhauls, rebuilds, and replacements from $25,000, with funds sent directly to your repair facility.

Truck available for lease in Canada

What Is Engine Rebuild, Overhaul & Replacement Financing?

Finance the overhaul. Extend the life of the truck.
An engine failure doesn't have to mean the end of a truck's working life — or a forced purchase of new equipment at today's prices. Engine financing lets you cover a major overhaul, rebuild, or OEM replacement without paying the full invoice upfront. Instead of draining your operating account, the cost is financed into manageable monthly payments, and we pay the repair facility directly once your file is approved.

This applies to qualifying engine and powertrain work on commercial trucks and equipment — including authorized overhauls, full rebuilds, and OEM engine replacements on Cummins, Detroit Diesel, Freightliner, Peterbilt, Kenworth, and other makes.
  • Funds sent directly to your repair facility
  • Low down payment required
  • Manageable monthly payments over 12 to 36 months
  • Financing from $25,000 for qualifying engine overhauls, rebuilds, and replacements

Engine Rebuild, Overhaul & Replacement Financing Benefits

Overhaul the engine. Protect the business.
A failed engine is stressful enough without the added pressure of coming up with tens of thousands of dollars out of pocket. Engine financing lets you authorize the overhaul or replacement immediately, without sacrificing the cash flow you need to keep the rest of the business running — fuel, payroll, insurance, and the next load.
With Mehmi Engine Financing, You Can:
  • Get your truck back on the road instead of sitting indefinitely in the shop
  • Preserve cash for fuel, insurance, and payroll
  • Have the repair facility paid directly, without using your own funds upfront
  • Pay off the balance early any time, with no penalty
Ideal If You Want To:
  • Avoid a forced new truck purchase when the chassis, drivetrain, and body are still viable
  • Keep a known, well-maintained truck running rather than taking on new truck debt
  • Get a conditional approval quickly so the shop can start the overhaul or rebuild without delay

Why Choose Mehmi for Engine Rebuild, Overhaul & Replacement Financing?

At Mehmi Financial Group, we understand that a parked truck earns nothing — and that an engine overhaul or replacement is often the difference between staying in business and parking a unit for good. With new truck prices increasingly out of reach and replacement cycles getting longer, more operators are choosing to overhaul and extend the life of the truck they know. We specialize in high-ticket engine financing for Canadian owner-operators, fleets, and small businesses, and we keep the process fast and straightforward.

We don't report your account to the credit bureaus unless a default leads to collections, so financing an overhaul or rebuild 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.
  • Engine overhaul, rebuild, and replacement financing from $25,000
  • Terms from 12 to 36 months depending on credit and asset quality
  • We consider bank-declined files and challenged credit profiles, not just credit score alone
  • Transparent terms — a flat admin fee, no other hidden costs
Finance Smarter — Engine Financing Made Easy

Extend the life of your truck without draining your operating account. We review your engine invoice, your equipment, and your business to get you a decision fast.

Engine overhaul, rebuild & replacement financing from $25,000

Low down payment required

Conditional approval often within 1 business day

No early payout penalty (open loan)
Get Started

Who Qualifies for Engine Rebuild, Overhaul & Replacement Financing?

You’re likely a strong match if:

  • You have a repair invoice or estimate of $25,000 or more for an engine overhaul, rebuild, or replacement
  • Your truck, trailer, or equipment chassis is still commercially viable
  • 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, a cosigner, or the value of the asset being overhauled or rebuilt can all help strengthen an application. We typically look for a credit profile in the 650+ range, but we'll also weigh cosigners and the asset itself as part of the file. A down payment of 15–20% may be required depending on the file.

Apply now

3 Steps. No Surprises.

The Mehmi Financial Group experience is simple, quick, and built around your engine job — not just your credit score.

Get your repair invoice or estimate

From your shop — whether it's a full Cummins or Detroit Diesel overhaul, an OEM engine replacement on a Freightliner or Peterbilt, or a major rebuild on any commercial truck or equipment.

Get In Touch

Send us the invoice and your business details, and we'll let you know what else we need.

Get Approved

Most files get a conditional decision within one business day, with funds sent directly to your repair facility once approved.

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

Feature Engine Rebuild & Overhaul 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 Low down payment (typically 15–20%) Uses available card limit Full invoice paid immediately
Where Funds Go Paid directly to your repair facility Charged to your card at the shop Paid directly to the shop 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
On a representative $40,000 engine overhaul or replacement, financing at 1.5%/month on a declining balance costs significantly less than carrying that invoice on a credit card at typical Canadian rates — even after our flat admin fee, the savings can be substantial.

*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 engine financing applications from a wide range of credit profiles, including bank-declined files and businesses rebuilding after a setback. Strong cash flow, a cosigner, or the value of the asset being overhauled or rebuilt can all help strengthen a file.

How fast can I get approved and funded?

Most files get a conditional decision within one business day once your invoice and documents are submitted. Final approval and timing depend on the complete file, but once approved, we pay your repair facility directly.

Do you pay the repair shop directly, or do I get the funds?

We pay the repair facility directly once approval and final documentation are complete. That keeps the invoice connected to the actual engine work and helps your shop release the truck without you covering the bill yourself first.

Do I need a down payment?

Engine overhaul, rebuild, and replacement financing typically requires a down payment of 15–20% depending on the file, credit profile, and asset value. Your admin fee and final payment are included as part of that upfront amount.

What size of repair invoice qualifies?

Engine overhaul, rebuild, and replacement financing typically starts at $25,000. This can include full engine overhauls, OEM engine replacements, and major rebuilds on commercial trucks and equipment.

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.

What if my repair issue is bigger than one invoice?

If you have additional repair invoices beyond the engine work, our Repair & Breakdown Financing may cover those separately. Our team can help point you to the right program for your situation.

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

All of Our Commercial Repair Financing Services

Finance the repair or accessory. Keep the truck, trailer or heavy equipment earning.

Built for Business. Backed by Experience.