Equipment Leasing in Canada – Flexible Financing for Businesses
Whether your company is well-established or just getting started, you can benefit from exploring options. We offer up to 100% financing to help preserve cash flow and maximize working capital. Apply with Equipment Finance Canada, and we’ll provide an answer within 24 hours.
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How it works
Our 3-step process
We make securing your equipment a hassle-free process. Just follow these three easy steps.
Apply Online
It takes less than five minutes to fill in our application form. Share your equipment requirements and details online from any device.
Get Approved Within 24 Hours
Our team will review your application and work with our network of trusted Canadian lenders to find the best financing options, including seasonal and skip-payment structures that match your revenue cycles.
Receive Your Equipment Fast
Once approved, all you need to do is collect your equipment and continue growing. Our team will handle the rest.
Why choose lease to own
Spread the cost of high-ticket equipment
Equipment lease financing reduces the financial strain by offering an alternative to buying equipment outright. It allows you to preserve cash flow, spread sales tax over the term of the lease, and keep more working capital free for payroll, fuel, and growth.
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A simplified equipment leasing process
Between complex financial terms and the overwhelming variety of options available, navigating the process can be enough to make your head spin. At Equipment Finance Canada, we’ve simplified the process for you by managing all applications, searches, and negotiations on your behalf.
Choose from a Wide Range of Leasing Options
We secure the best deal for you, exploring all available options, including skip payment, master, capital, operating, and stretch leases.
Flexible Terms Tailored to Your Business
At the end of the term, you can buy out your equipment for as little as $10, upgrade to the latest model, or refinance through a sale-leaseback to free up cash for your business.
Access to Canada’s Leading Lenders
Trusted. Vetted. Secure.
Get access to our wide network of leading banks, financial institutions, and private lenders across Canada. Our team of experts connects you to the best rates available so you can get back to doing what you do best.
Find the best financing option for your business
Discover a range of financing options for new and used equipment. We work with you to find the right tailored solution for you.
Experts Guide You Through the Process
Our agents submit your application on your behalf, ensuring all the I’s are dotted and the T’s are crossed. Our team of Canadian experts is on hand throughout the process to offer guidance and support.
Fast Credit Decisions Within 24 Hours
There’s no waiting around when you apply for equipment financing through EFC. We work directly with Canadian lenders to obtain credit decisions within 24 hours and notify you as soon as a decision has been made.
Work With Trusted Equipment Financing Experts
Our mission is to make accessing equipment financing easy, quick, and stress-free. With years of experience working across construction equipment financing, agriculture equipment leasing, transportation equipment financing, and medical equipment financing, our team delivers solutions tailored to your industry.
91% Approval Rate Across Canada
of submitted applications approved
24-Hour Approval Process
turnaround for approvals upon submission
Apply today for 24-hour approval
Skip the queues with Canada’s most trusted site for equipment finance.
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Frequently Asked Questions (FAQs)
We answer your most pressing questions about equipment financing.
Businesses of all sizes, including startups, small businesses, and large enterprises can benefit from acquiring expensive equipment without tying up significant capital.
The contractual agreement offers several key benefits, including lower upfront costs, regular payments, and flexibility in terms. It’s especially useful for acquiring equipment quickly and ensuring businesses can access the latest technology or machinery needed to keep growing.
The lessor owns the equipment throughout the lease term. The lessee may use the equipment under agreed terms, with the option to purchase it at the end of the lease if specified in the agreement. This structure ensures businesses can evaluate the overall value of leasing without the full responsibility of ownership.
The process involves selecting the asset, submitting an application, undergoing credit approval, and signing the lease agreement. Depending on the type—such as operating or capital—the terms and conditions will vary. Once finalized, delivery is arranged, and monthly payments commence as per the agreement.
Not all leases require a down payment. In some cases, businesses can qualify for short-term leases or long-term leases without upfront costs. The lender valuates the lessee’s creditworthiness to determine the standard terms, including any initial payment requirements.
Lease payments depend on factors such as the total cost, the type of lease, the lease term, interest rates, and the lessee’s creditworthiness. Payments are typically structured as monthly installments, allowing businesses to manage cash flow effectively.
Yes, most agreements include an option to purchase at the end of the lease term. This option may involve a nominal buyout or a pre-determined amount. Businesses can evaluate whether purchasing aligns with their long-term goals and total cost considerations.
Lenders assess a lessee’s financial statements, credit history, business revenue, and the assett being leased. These factors impact the terms and conditions of the lease, helping both parties make informed decisions.
Taxes like Goods and Services Tax (GST), Harmonized Sales Tax (HST), and Provincial Sales Tax (PST) are typically added to the monthly payments. The lessee is responsible for paying these taxes unless the equipment or business qualifies for exemptions.
Leasing can provide tax benefits, such as the ability to deduct lease payments as a business expense. If you choose an equipment loan, you may also deduct Capital Cost Allowance (CCA) and interest. Always consult your tax advisor for details.
As the lessee, you are generally responsible for maintenance and service during the term. Leases often include warranties that cover standard repairs or defects, but it’s essential to understand the performance expectations and your responsibility as outlined in the agreement.
