Used Equipment Financing in Canada: What Businesses Should Know
Reviewed by Fund That · Commercial financing education · Updated September 29, 2026
Used equipment financing can help Canadian businesses acquire productive assets at a lower purchase price than comparable new equipment. Financing providers generally review both the business and the condition, age, seller and value of the asset.
What types of used equipment may be financed?
Depending on provider criteria, used construction equipment, commercial vehicles, manufacturing machinery, restaurant equipment, agricultural equipment and other productive assets may be considered.
What information may be required?
- Purchase agreement, quote or invoice
- Make, model, year and serial number
- Seller or dealer information
- Condition, usage or hours where relevant
- Purchase price and applicable taxes
- Business financial and bank information
Why does age and condition matter?
The remaining useful life and resale value of the equipment can affect the provider’s willingness to finance the asset, the amount advanced and the structure offered.
Dealer purchase or private sale?
Both may be possible depending on the provider, but private-sale transactions often require more seller, ownership and asset verification.