What Is an Equipment Lease?

Preserve cash. Use the equipment you need — without owning it outright.

An equipment lease lets your business access commercial gear — such as trucks, excavators, forklifts, or industrial machinery — for a set term with predictable monthly payments. You keep full operational control, while the lender holds ownership during the lease period. At the end, you can buy the asset, renew the lease, or upgrade to newer models.

Fixed, seasonal, or flexible lease terms
Lower upfront cost than a loan or cash purchase
Available for new, used, or private-sale assets

Equipment Lease Benefits

Build flexibility. Control your cash flow. Scale faster.

An equipment lease offers access to essential business assets while maintaining liquidity for payroll, marketing, or expansion. You gain the tax benefits of leasing while protecting your working capital from depreciation risk.

With Mehmi Equipment Leases, You Can:

Fund 100% of new or used equipment purchases
Choose between $10 or %10 buyout at the end of the term
Write off lease payments as tax-deductible business expenses
Easily upgrade or swap outdated equipment at term end

Ideal If You Want To:

Conserve working capital without large upfront payments
Keep debt off your balance sheet
Access the newest equipment without ownership obligations

Why Choose Mehmi for Equipment Leasing?

At Mehmi Financial Group, we specialize in fast, flexible equipment leasing programs built for Canadian entrepreneurs. Whether you’re financing construction gear, commercial trucks, restaurant appliances, or warehouse machinery, we help you get approved quickly — even when banks say no.

Our leasing network spans over 30 trusted Canadian and alternative lenders, offering competitive rates and customizable structures to match your business cycle. From startups to established fleets, we provide solutions for every credit type and industry.

‍Why Businesses Across Canada Choose Mehmi:

Access to 100+ specialized leasing and finance partners
Terms from 12 to 84 months with buyout or renewal options
Approvals within 24–48 hours for most applications
Available for new, used, or private-sale assets

Lease Smarter — Equipment Leasing Made Easy

Flexible equipment leasing options that help you access the gear you need — without tying up your capital. Whether you’re leasing new, used, or private-sale equipment, we help you get approved fast so your business keeps moving forward.
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Borrow up to $5,000,000

New, used & private-sale assets approved

Terms up to 72 months

Funds within 48 hours
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Get Started Browse Equipment

What You Can Lease with Us

We offer lease financing solutions across multiple sectors — construction, transportation, agriculture, manufacturing, and hospitality. Whether you’re upgrading, replacing, or expanding, Mehmi makes it easy to access the tools your business needs to grow.

Construction Equipment: Excavators, skid steers, trenchers, loaders, bulldozers, backhoes
Industrial Machinery: CNC machines, presses, compressors, power tools, generators
Agricultural Equipment: Tractors, harvesters, sprayers, tillers, irrigation systems
Warehouse & Material Handling: Forklifts, pallet jacks, scissor lifts, conveyors, racking
Medical & Dental Equipment: Imaging machines, treatment chairs, sterilization units, lab devices
Restaurant & Food Service: Ovens, mixers, refrigeration, prep stations, fryers

New or used — we help you find the best deals.
Check Out Our Full List of Eligible Equipment

Who Qualifies for an Equipment Lease?

You’re likely a strong match if:

Your business has been operating for 6+ months (or 3+ with reliable revenue)
You earn roughly $50K+ in annual sales
You're financing equipment for commercial use (not personal)

Even businesses with lower credit or shorter histories may qualify — strong cash flow, equipment collateral, or a co-signer can help secure lender approval.

Apply now

Documents Required

Articles of Incorporation

Last 3 Months of Business Bank Statements

Credit Application

Driver's License

Equipment Loan vs Lease vs Line of Credit: What’s Right for Your Business?

Feature	Equipment Loan	Equipment Lease	Equipment Line of Credit
Ownership	You own the asset from day one	Lender owns asset during term; option to buy	No ownership until you make a purchase
Best For	Long-term use & building equity	Preserving cash & tax flexibility	Urgent needs, auctions, and fast-moving purchases
Upfront Costs	Low to moderate (down payment may apply)	First payment + basic lease fees	None until you draw funds
Payment Structure	Fixed monthly payments	Fixed or variable lease payments	Interest-only until drawn, then amortized
End-of-Term Options	You own the equipment	Renew, return, or buy it out	Revolves for future use
Credit Requirements	Flexible — options available for challenged credit	More lenient for startups and low-credit	Stronger credit or collateral often needed
Tax Benefits	Depreciation and interest deductible	Lease payments may be fully deductible*	Interest may be tax-deductible

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

FAQ: Got Questions? We’re Straightforward.

Can I lease used equipment?

Yes. Mehmi offers both new and used equipment leases, including private sales. Used assets are common in trucking, construction, and manufacturing.

What are the average equipment lease rates in Canada?

Rates typically range between 6%–16%, depending on credit, equipment type, and term length. (Source: SPAR Leasing, 2025)

What industries lease the most?

Transportation, construction, manufacturing, and agriculture remain dominant. Leasing demand is up 7% year-over-year, driven by small business growth and rising equipment prices.

Can I get pre-approved before shopping for equipment?

Yes. Getting pre-approved gives you clarity on your financing budget and strengthens your negotiation power when shopping for equipment. This applies to new, used, or private-sale gear across Canada.

Do you offer $0 down or low down payment options?

Yes. For qualified applicants, we structure deals with low or $0 down payments based on credit strength, asset type, and lender policies. This helps preserve working capital while accessing critical equipment.

Can you finance older equipment or high-hour machines?

Yes. We assess the asset’s condition, resale value, and business utility. From older skid steers to high-hour tractors, if it’s viable for commercial use, we’ll consider it — especially for construction, farming, and industrial clients.

Are equipment lease payments tax-deductible?

Yes. Lease payments are often fully deductible as business expenses. Always confirm with your accountant.

What happens at the end of the lease term?

You can buy out the asset, renew the lease, or return it. Mehmi structures flexible terms to match your operational goals.

Trusted by Businesses
Across Canada

24–48 hr approval

All credit types welcome

Serving Canada nationwide

Equipment Leases for Canadian Businesses

What Is an Equipment Lease?

Equipment Lease Benefits

Why Choose Mehmi for Equipment Leasing?