What is Truck & Trailer Financing?

Truck and trailer financing lets you buy or refinance vehicles used for business — from day cabs and sleeper trucks to flatbeds, reefers, and dump trailers. Instead of paying the full price upfront, you make manageable monthly payments while keeping your cash free for fuel, payroll, and operations.

Benefits include:

Own the vehicle from day one
Lower upfront cost vs. full cash purchase
Fixed or flexible repayment options
Approvals for new, used, or private-sale trucks

Truck & Trailer Financing Benefits

Build equity. Grow your fleet. Keep your business moving.

An equipment loan gives you immediate ownership and long-term value. You’ll have full control of the asset, while preserving capital for operations, payroll, or emergencies.

With Mehmi Financial, you can:

Finance new or used trucks, trailers, or heavy-duty haulers
Access up to $5,000,000 in funding with terms up to 72 months
Refinance existing equipment to lower payments or release cash
Qualify even with low credit or older units

Ideal If You Want To:

Expand your fleet without draining working capital
Upgrade outdated or high-mileage trucks
Buy from a dealer, auction, or private seller
Secure financing after a bank rejection

Why Choose Mehmi for Truck & Trailer Financing?

At Mehmi Financial Group, we understand the transport industry. From single owner-operators to fleet managers, we help Canadian businesses get the vehicles they need — quickly and affordably.

Our in-house credit analysts work directly with over 100 lenders across Canada to secure approvals that banks often decline.

‍With Mehmi, you get:

Competitive rates for all credit types — including startups and rebuilders
Flexible structures (term loans, leasebacks, or refinance options)
Fast 24–48 hour approvals
Transparent terms — no hidden fees or surprises

Finance Smarter — Truck & Trailer Loans Made Easy

Flexible commercial vehicle loan programs that help Canadian carriers, owner-operators, and logistics companies grow with confidence.
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Up to $5,000,000 in approvals

New, used, and private-sale units eligible

Terms up to 72 months

Funds within 48 hours
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Get Started Browse Equipment

What You Can Finance with Us

We offer truck and trailer financing solutions for businesses across transportation, logistics, construction, and industrial sectors. Whether you’re expanding your fleet or replacing an older unit, Mehmi Financial Group makes it easy to finance or refinance the vehicles that keep your business moving.

Eligible Assets Include:

Highway Trucks: Day cabs, sleeper trucks, dump trucks, straight trucks
Trailers: Dry vans, reefers, flatbeds, step decks, lowboys, tankers
Specialized Units: Tow trucks, car haulers, dump trailers, live-floor trailers
Light & Medium-Duty Vehicles: Cube vans, box trucks, sprinters, delivery vans
Fleet & Support Equipment: Yard spotters, terminal tractors, auxiliary equipment

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

Who Qualifies for an Equipment Loan?

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

3 Steps. No Surprises.

The Mehmi Financial Group experience is simple, quick, and customized to your financial needs.

Find the Equipment you need

Whether it be an individual's private sale or equipment listed by a dealer, there are numerous options available.

Browse Used Equipment

Get In Touch

An all-in-one customer service platform that helps you balance everything your customers need to be happy.

Get Approved

Secure approval and funding in as little as 24–48 hours with flexible terms.

Truck Loan vs Lease vs Refinance: What’s Right for Your Fleet?

Feature	Truck Loan	Truck Lease	Truck Refinance
Ownership	You own the truck or trailer from day one	Lender owns it during term; option to buy or upgrade	You already own it — refinance to lower payments or access equity
Best For	Long-term fleet ownership and equity building	Preserving cash flow and flexible upgrades	Improving cash flow, paying off debt, or freeing up working capital
Upfront Costs	Low to moderate (down payment may apply)	First payment and basic lease setup	Minimal — based on current asset value
Payment Structure	Fixed monthly payments with ownership at end	Fixed or variable lease payments during term	Revised payments with new lower rate or extended term
End-of-Term Options	Full ownership of truck or trailer	Renew lease, return unit, or buy it out	Keep asset and continue using it debt-free
Credit Requirements	Flexible — prime, near-prime, and startup programs available	Ideal for startups, rebuilding credit, or lower scores	Depends on vehicle condition, value, and payment history
Tax Benefits	Depreciation and interest may be deductible	Lease payments may be deductible as business expenses*	Interest and refinancing costs may be deductible

*Tax benefits vary based on structure and jurisdiction. Consult your accountant for advice on truck and trailer financing deductions.

FAQ: Got Questions? We’re Straightforward.

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

Yes. Mehmi Financial Group provides truck and trailer financing to Canadian businesses of all credit profiles — including startups, low-credit applicants, and those rebuilding after financial setbacks. Our flexible underwriting helps owner-operators and fleets access capital even when banks say no.

Do you finance trucks or trailers from private sellers, auctions, or classifieds?

Absolutely. We fund trucks and trailers purchased through private sellers, online listings, or dealer auctions. Whether it’s a used day cab from Kijiji or a reefer trailer from Marketplace, we can help structure the deal.

How fast can I get approved and funded for a truck or trailer loan?

Most approvals happen within 24–48 hours. Once your documents are in, our streamlined funding process helps you get back on the road quickly — with funds often released within 2 business days.

Can I get pre-approved before shopping for a truck or trailer?

Yes. Pre-approval gives you a clear budget and strengthens your negotiation power with sellers. You can shop confidently for new, used, or private-sale trucks and trailers knowing what you qualify for.

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

Yes. For qualified applicants, we offer low or $0 down payment programs depending on credit, asset age, and lender policy. This helps preserve your working capital for fuel, maintenance, and operations.

Can you finance older trucks or high-kilometre units?

Yes. We assess the truck’s age, mileage, and resale value. From older day cabs to high-kilometre trailers, if the unit is commercially viable, we’ll consider it — especially for logistics, construction, and owner-operator fleets.

Do you offer refinance or working-capital options for paid-off trucks?

Yes. We offer sale-leaseback and refinance programs that let you unlock cash from trucks or trailers you already own. You can use this capital for maintenance, upgrades, or expansion — without selling your assets.

Trusted by Businesses
Across Canada

24–48 hr approval

All credit types welcome

Serving Canada nationwide

Truck & Trailer Financing for Canadian Businesses

What is Truck & Trailer Financing?

Truck & Trailer Financing Benefits

Why Choose Mehmi for Truck & Trailer Financing?