Excavation Equipment Financing

At Fincap, you don't have to worry about investing in new or used excavation equipment immediately. We provide financing solutions without any long-term obligations so you can optimize your budget while maximizing efficiency and productivity.

We aim to ensure that you make informed decisions, which is why we collaborate with more than 25 brokers throughout Canada. This way, you can take advantage of customized advice and exclusive offers that are tailored to your unique situation.

Leasing: A Financing Option for Excavation Equipment

Heavy equipment, such as excavators, can be a significant investment for any business, whether you're buying new or used. However, adding equipment to your fleet can increase productivity and service capacity.

Choosing the right financing method is essential for your business. This is where we can help!

Leasing is one of our solutions, and it's ideal for companies that want to finance their equipment purchases without committing to a long-term loan. You can rent, use, and eventually own the equipment with leasing. This approach is particularly beneficial for those who plan to invest in machinery, such as excavators, over the long term.

Leasing offers flexible payment plans, tax advantages, and the opportunity to acquire the equipment at a set price with no down payment or initial deposit. It stands out for its flexibility and multiple payment options.

What Excavation Equipment Is Eligible For Leasing?

When it comes to leasing, there are many types of equipment available, for example :

• Excavators
• Loaders
• Backhoes
• Mini loaders
• Conveyors
• Shovels
• Hydraulic breakers
• Snowblowers
• Tractors
• Compactors
• Articulated loaders

Choosing The Right Financing Option For Your Equipment

When considering the purchase of an excavator or other excavation equipment for your projects, you have several options :

Purchase

‍The acquisition of an excavator, whether new or used, has a significant initial cost. So, consider how this investment fits your finances without disrupting your cash flow.

‍Advantages

• Immediate ownership of equipment.
• No interest or fees over time.

Disadvantages

• High initial cost.
• Risk of equipment depreciation.
• Significant cash flow is required.

Loan

The high cost of heavy equipment can impact the repayment period, and traditional loans typically offer fewer tax benefits than leasing.

Advantages

• Possibility of acquiring equipment without immediate full payment.
• Some forms of borrowing may offer tax advantages.

Disadvantages

• Interest over the term of the loan.
• Increases debt ratio.
• Less flexible repayment terms than leasing.

Leasing

Leasing has several advantages. Your monthly payments are fully tax-deductible. Since leasing the equipment doesn't directly impact your balance sheet, it preserves your borrowing capacity. At the end of the lease agreement, you can purchase the equipment or select another one to lease.

Advantages

• Tax-deductible monthly payments.
• Flexibility at the end of the contract: option to purchase or renew.
• There is no direct impact on the balance sheet, preserving borrowing capacity.

Disadvantages

• It may cost more over the full term than direct purchase.
• You don't own the equipment for the duration of the lease.

Why choose Fincap for your excavation equipment financing?

As experts in the mining and excavation industry, we understand the needs and opportunities of our customers. We are an independent broker that can provide you with the most comprehensive service possible by working with over 25 brokers across Canada.

We prioritize establishing a strong relationship with you and identifying the financing options that best suit your needs. Whether you're looking for the perfect lease for your excavation equipment or require assistance submitting an online request, we are here to help.

We will work closely with you to develop the right contract for your business. Let's take action together and achieve your goals!