Equipment Leasing in Canada
Get the best equipment leasing solutions for your business
We have developed a specific expertise for all kinds of equipment leasing through our extensive experience. Whether you need a lease agreement for heavy machinery, commercial vehicles, or specialized tools, we help Canadian businesses identify the best leasing opportunities and achieve their goals.
What is Leasing?
Equipment leasing is a comprehensive solution designed to help businesses obtain the equipment they need while keeping costs low. From machinery and heavy tools to vehicles, leasing allows you to access necessary items with minimal up-front costs.
A lease agreement involves three parties: the lessee (the tenant), the lessor (the owner of the property), and a third party (the seller of the goods).
Why choose equipment leasing?
Equipment leasing is an easy, effective, and flexible way to access the tools your company needs to grow.It helps preserve your cash flow while allowing you to carry out growth operations that, otherwise, would be difficult to achieve.
Benefits of Equipment Leasing
1. Keep your bank borrowing capacity
Using leasing will not reduce your creditworthiness in the eyes of the banks. In practice, when you lease equipment, it is not counted in your overall borrowing capacity, allowing you to maintain flexibility while obtaining all the equipment you need to grow your business.
2. Benefit from tax deductions for your payments - 100%!
Because they are lease payments, your monthly payments can be fully tax-deductible as an operating cost. This is a huge tax advantage that businesses can leverage to maximize profitability while securing the tools they need to grow.
3. Quick lease approval
We are confident that we can provide you with an authorization within 48 hours, often the same day. We process every request as quickly and efficiently as we can.
4. Sales tax spread on the lease term
By transferring the ownership of your equipment to us, our lenders pay the tax for you on your behalf. This enables you to maintain that money within your cash flow and spread out payments over a period of time without worrying about any taxes due up front.
Get the best equipment leasing conditions for your business needs
Explore our fast, easy and straightforward options to help your business grow.
Equipment leasing: what can you finance?
Our leasing services allow us to finance a variety of equipment. We have customized solutions for each industry and take into account the particular needs of your project.
Fincap Financial Group specializes in equipment leasing, and offers a variety of services for a wide range of industries, such as construction, transportation and logistics, and agriculture sectors.
Check our complete list of industries and eligible equipment for financing
We offer solutions for all kinds of companies, businesses and startups.
Why choose Fincap for your equipment leasing?
With decades of experience behind us, we have developed unique expertise in all types of lease financing. By understanding each company's needs and opportunities, we are able to provide Canadian businesses with the highest level of service.
Moreover, as an independent broker we have access to more than 30 lenders across the country. This allows us to identify equipment lease structures that meet your project requirements. At our agency, customer satisfaction is always our top priority.
If you require a tailored lease or financing plan for your equipment, don't hesitate to contact us or submit your application online. We will work to deliver the most suitable and advantageous agreement that fits your business objectives.
Frequently Asked Questions About Equipment Leasing
If you're looking for the right leasing terms and conditions for your business, it's important to understand that lease contract arrangements are customized to fit each situation.This largely depends on what equipment is leased, your credit score and how long the contract lasts. By opting with Fincap, you can leverage our partnerships with more than 30 lenders in Canada and reap their benefits alike!
Many companies rely on leasing to access the equipment they need and keep their business moving forward. The best way to ignite this engine is to evaluate whether leasing fits your company’s needs and what opportunities it can create. Then, compare the impact of buying versus leasing. In most cases, businesses choose leasing (with or without a purchase option) to ease cash flow pressures while gaining immediate access to new equipment.
For accounting purposes, a lease results in the recording of a periodic lease payment as specified in the lease agreement, and if a purchase option is exercised at the end of the term, a new asset must be recorded. In addition, certain disclosures must be included in the company's reports.
If you would like details on monthly leasing payments, please contact us. We will adapt our offers to your project and provide the most suitable terms to meet your needs.You can also use our equipment lease calculator to quickly estimate your monthly payments. This tool lets you compare scenarios and plan your financing with clarity.
As a business owner, you select the equipment you need from any dealer. Fincap then works with leasing companies across Canada to find the best lease terms for your project. Once approved, you access the equipment immediately and repay through regular payments over the agreed term.
Depending on the legal and regulatory framework in which you operate, there may be differences between leasing and finance leasing. A standard lease is similar to a rental agreement, where you pay to use the equipment over a set term. With a finance lease, you typically have the option to purchase the asset at the end of the agreement. Both solutions help businesses access the equipment they need without a large upfront investment.
3 easy steps for your Equipment Leasing needs
The Fincap leasing experience is simple, quick, and customized to your needs.
Whether it be an individual's private sale or equipment listed by a dealer, there are numerous options available.
Click the Apply Now button and begin filling out your application!
Get a response within 24 to 48 hours.