Delivery and distribution
Examples to help describe the request.
- Hino L Series
- Freightliner M2
- International MV
CANADA & UNITED STATES
Medium-duty truck financing
Build the right truck for the job.
Explore financing for commercial delivery trucks, box trucks, cab-and-chassis units and service vehicles across Canada and the United States. Consider the completed vehicle—not only the base chassis—when you prepare the budget.
Discuss your financing needs ↗
Start with the work the asset needs to do.
The same model family can span different weight ratings. Verify the exact gross vehicle weight rating, payload and body configuration rather than relying on a “medium-duty” label. Separate the chassis quote from the upfit and delivery costs.
- Rated capacity and actual loaded weight
- Body, liftgate and refrigeration requirements
- Daily stops, route length and maintenance access
EQUIPMENT FINANCING, EXPLAINED
▶ Watch video ↗A general introduction to equipment financing. Discuss the specific vehicle and transaction with our team.
Equipment and configurations to discuss.
Cab-and-chassis and upfits
Examples to help describe the request.
- Isuzu N-Series commercial configurations
- Box, refrigerated and flatbed bodies
- Liftgates, service bodies and trade upfits
Brands and models are illustrative equipment examples, not a statement of affiliation or guaranteed eligibility. Availability depends on the unit, seller, business and transaction.
Compare ownership, flexibility and cash use.
| Approach | How it works | What to review |
|---|---|---|
| Equipment loan | A purchase financed over an agreed term. | Review security, down payment, total repayment and any final balance. |
| Equipment lease | Use of the asset under a contract with defined end-of-term conditions. | Compare rentals, deposit, buyout or return conditions and residual exposure. |
| Cash purchase | Pay the seller from available business funds. | Compare the upfront cash use with operating reserves and other planned spending. |
A financing label does not determine tax treatment. Canadian and U.S. rules differ, and a lease may be treated differently from a purchase depending on the agreement. Confirm deductions, sales tax and timing with your accountant.
Explore equipment leases ↗ · Compare loan and lease scenarios ↗Tax references: CRA leasing costs ↗ · IRS lease or purchase treatment ↗
Build the budget around a realistic operating case.
A local distributor replacing a box truck should budget the chassis, body, liftgate, branding and delivery together. Check whether the upfitter requires a deposit before the truck is ready. Compare the proposed payment with the route’s contribution after the driver, fuel, maintenance and insurance are paid.
This is a planning example, not a customer result or forecast. Compare a base case with lower utilization, slower customer payments and an unexpected repair.
Include more than the purchase price
Check these costs before committing to the asset.
- Deposit, delivery, inspection and setup
- Insurance, registration and operating expenses
- Maintenance reserve, downtime and any final payment
Understand the structure behind the payment.
Loan or purchase-oriented lease
A route to retaining the asset may fit a business that plans to use it for several years.
- Compare the full payment schedule and any final purchase amount.
- Check security, settlement costs and title-transfer conditions.
- Allow for maintenance as the equipment ages.
Use now, decide at the end
Some leases provide a return, renewal or purchase choice. The agreement must actually include the option.
- Review notice periods, return standards and excess-use charges.
- Confirm who determines fair market value.
- Do not assume a lower payment means a lower total cost.
Keep operating reserves in view
Cash ownership avoids a new financing payment but uses funds that may be needed elsewhere.
- Compare purchase cost with payroll and other commitments.
- Set aside maintenance and downtime reserves.
- Review the business effect of a slower-than-expected start.
Ask what happens to the residual.
For eligible commercial vehicle transactions, a TRAC lease may link an end-of-term adjustment to the difference between the vehicle’s realized value and an agreed residual. Depending on the contract, a shortfall can create an additional payment and a surplus may be credited. Availability and tax treatment depend on the location, use and structure.
- Ask who carries the resale risk and how the settlement is calculated.
- Compare the final obligation alongside the regular payment.
- Confirm whether a sale, return or purchase process applies.
What supports a financing request?
Applications are reviewed using the business, cash flow, credit profile, equipment and proposed transaction. A newer operation, a private seller or an unusual asset may need more supporting information. Explain how the asset will earn or save money and identify current obligations.
Prepare the business location and transaction currency. For cross-border purchases, discuss the seller, asset location, delivery and import requirements before making a non-refundable commitment.
Apply for financing ↗Documents to prepare
Requirements vary by transaction.
- Chassis quote and exact vehicle specification
- Body-builder or upfitter quote and milestones
- Business financials and intended commercial use
- Trade-in details and existing vehicle obligations
From a requirement to a reviewed proposal.
1. Share the requirement
Describe the asset, business location, purchase price and intended use.
2. Review the details
Provide the requested documents. Discuss cost, security, payment timing and conditions.
3. Complete agreed conditions
If approved and you choose to proceed, complete the agreement and required conditions before disbursement.
Questions, answered.
Can the body and upfit be included?
Eligible body and upfit costs may be considered with the vehicle, subject to the proposed structure. Provide separate quotes, the installation timeline and details of any deposits. Do not assume every accessory or expense will be included.
Is financing available in Canada and the USA?
Mehmi supports business financing requests in Canada and eligible U.S. markets. Product availability, documentation and terms depend on the business location, asset and transaction.
What determines the down payment?
The asset, business profile, credit, valuation and proposed structure may affect the required contribution. Do not assume a zero-down arrangement is available; review the full amount due at signing.
Can I compare a lease with a loan?
Yes. Compare upfront cash, all scheduled payments, fees and the final ownership or return position. Some vehicle leases include residual exposure. Ask how any final adjustment or purchase amount is determined.
How long does a decision take?
Timing depends on the application, requested documents, verification and approval conditions. Identify any seller or project deadlines early. A discussion or application is not a commitment to fund.
Can I sell or settle the financing early?
Review the contract first. Settlement costs, security releases, notice requirements and restrictions can differ. Request a written payout figure before selling, trading or refinancing the asset.
Guides for your next step.
Trucking & Logistics Equipment Financing Canada
A Canadian guide to the documents, costs and decisions behind a financing request.
Used Equipment Financing Canada Guide
A Canadian guide to the documents, costs and decisions behind a financing request.
These articles focus on Canada. Requirements for U.S. transactions may differ.
Browse all financing articles ↗Tell us what your business needs.
Share your location, amount and purpose to begin a financing discussion.
Apply for financing ↗Financing is subject to application review and approval. Availability, costs, terms and documentation vary by business, product and location. This page provides general information and is not a financing offer.