The Best Way to Buy Used Equipment in Canada
Whether you’re looking for a deal on used equipment or have a potential sale lined up, we can guide you through the private sale process. 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 leaseback 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 business details online from any device.
Get Approved
Our team will review your application and work with our network of trusted lenders to find the best financing options for you.
Received your equipment
Once approved, all you need to do is collect your equipment and continue growing your business. Our team will handle the rest.
Why choose a private sale
Save money by financing used equipment
Why buy a new model when you can find great used equipment for a fraction of the price? It's a common misconception that used equipment can't be financed, but we work with various lenders to offer businesses financing.
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Done-for-you private sales
As equipment financing specialists, we have in-depth knowledge of the private sale process. We have helped finance equipment found through online classifieds or via local individuals.
Specialized lenders
We connect you to one of Canada’s trusted lenders specializing in the used equipment space.
Safe, secure sales
We ensure you receive your equipment free of existing liens or loans and that the seller has been paid in full.
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 needs
Discover a range of financing options for new and used equipment. We work with you to find the right tailored solution for your business.
Our experts guide the application process
Our leasing agents submit your application on your behalf, ensuring all the I’s are dotted and the T’s are crossed. Our team of experts is on hand throughout the process to offer guidance and support.
You receive a credit decision within a day
There’s no waiting around when you apply for equipment financing through EFC. We work directly with lenders to obtain credit decisions within 24 hours and notify you as soon as a decision has been made.
Work with experienced, knowledgeable, trusted equipment financing experts
Our mission is to make accessing equipment financing easy, quick, and stress-free. With years of experience working with businesses across transportation, agriculture, construction, and other commercial industries, our team is best placed to provide tailored solutions that meet your specific needs.
91%
of submitted applications approved
24-hour
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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FAQS
We answer your most pressing questions about equipment financing.
Used equipment financing refers to securing funds to purchase used/pre-owned equipment through finance or lease options. This allows you to acquire necessary equipment while managing your cash flow effectively.
Yes, we offer finance and lease solutions for used equipment bought through private sales. Whether you're buying from a private seller or a dealer, our options can help you manage the cost of acquiring the equipment.
We offer financing for various types of used equipment. Whether you're acquiring equipment for construction, agriculture, or industrial purposes through a private sale, we can provide customized finance & lease options to meet your specific requirements.
Financing used equipment allows you to preserve your capital and manage your budget more effectively. It enables you to spread the cost over time through finance or lease options, rather than making a large upfront payment.
Financing used equipment from private sales may require additional documentation such as the purchase agreement, equipment details, and proof of condition. We’ll guide you through the necessary steps to ensure a smooth finance or lease process.
Interest rates for financing used equipment may be slightly higher than those for new equipment due to the increased risk associated with older machinery. However, we strive to offer competitive rates for both finance and lease options.
Repayment terms for used equipment financing typically range from 12 to 60 months. We offer flexible terms for both finance and lease agreements to accommodate your budget and the anticipated lifespan of the equipment.
Yes, we can finance used equipment that is older or has high mileage. The condition and age of the equipment may influence the finance or lease terms, but we will work with you to find suitable options.
To apply for financing, you'll need to provide details about the equipment and the private sale. You can start the application process online or contact us directly for assistance and guidance through the necessary steps.
Required documents typically include the purchase agreement, proof of equipment condition, and financial statements. Additional documentation may be required depending on the specifics of the private sale and the finance or lease agreement.
