What Type of Equipment You Can Lease?

Learn more about the type of equipment you can lease with Equipment Finance Canada. See how it can apply to your industry.

What Type of Equipment Can I Lease?

All businesses require equipment to operate, some more than others. The problem is that commercial equipment is often very expensive and is prone to breaking down over time. This can leave companies in a tight spot. Not only is equipment a large upfront cost, but it also represents a liability over time. Used equipment often loses its resale value rapidly, and if something goes wrong, then your company can be stuck in a bad position with a huge repair bill and unable to operate. The solution: equipment leasing. 

For those who have never heard of leasing, it’s similar to renting equipment, but the length of a lease is often much longer than a rental, and the cost of leasing is usually significantly less than you would pay if you were to rent your equipment for a long time. These days, many companies prefer to lease their equipment for a number of reasons. 

First and foremost, when you lease, you don’t have to pay for the equipment upfront. The cost of the lease is spread out over time, which helps with cash flow. Also, if something breaks down, then you won’t need to pay for expensive repair bills; the leasing company will handle the repairs and may even lend you a replacement in the meantime. Finally, when your lease is up, you aren’t stuck with equipment that has lost its value; you can return the equipment and lease something new again or purchase it outright. Let’s look at the type of equipment you can lease.

This guide will go over the different types of commercial equipment you can lease and explain how you can lease the equipment you need today. 

Transportation Equipment Leasing

If you need highly reliable equipment such as tractors, excavators, forklifts, trailers, or other heavy equipment to help run your business, then transportation equipment leasing may be a good fit. These assets help firms transport goods, schedule and coordinate work activities, and support the delivery of critical services. Transportation equipment leasing can help a number of industries, including construction, mining & minerals processing, oil & gas, and of course, transportation.

Some of the most commonly leased transportation equipment is as follows: 

• Highway Trucks

• Dump Trucks

• Dry-Vans

• Crane Trucks

• Tow Trucks

• Cement Trucks

• Pickup Trucks

• Sprinter Vans

• Plow Trucks

• Utility Trailers

• Reefer Trailers

• & Much More 

Aviation Equipment Leasing

Aviation leasing is a great way to get the equipment you need to support your aviation business. This type of financing is a great option for those who need equipment right away, are not able to purchase the equipment outright, and would like to avoid taking on more debt. 

In addition, aviation equipment leasing is a great option for the aviation industry, which regularly experiences a high volume of demand for new and used aircraft. Whether you need a commercial jet for your aviation business or an amphibious aircraft, either way, leasing might be the perfect solution for you.

Some of the most commonly leased aviation equipment is as follows: 

• Single Engine Propellers

• Twin Turboprops

• Light & Heavy Jets

• Helicopters

• Fishing Boats

• Sail Boats

• Catamarans

• House Boats

• Tugboats

• Yachts

• & Much More

Agriculture Equipment Leasing

Agriculture is an extremely competitive industry, and it’s important for farmers and ranchers to be able to lease the equipment they need to stay competitive. Equipment leasing for agriculture can help you get the best price and terms for your new or used equipment. 

With less risk compared to purchasing new equipment, you can lease the equipment you need and get right to work right away. There are all sorts of agricultural tools available through leasing, including farm equipment, dairy equipment, grain equipment, and more.

What type of agriculture equipment can you lease? 

• Tractors

• Harvesters

• Sprayers

• Field Cultivators

• Ploughs

• Balers

• Irrigation Equipment

• Wood Grinders

• Barns

• Grain Bins

• Combines

• Processing Equipment

• Dairy Equipment

• & Much More

Construction Equipment Leasing

Construction is one of the most competitive industries. In addition, the industry is highly regulated, which makes it even more difficult to be successful. Leasing construction equipment can be a good decision when a business needs new or used equipment right away and is not able to secure a loan. 

Construction leasing can also be a great way to secure the long-term use of equipment so that you can bid on new jobs and complete projects on time and under budget. Whether you need a crane, bulldozer, or excavator, there are many different types of construction equipment that you can lease today.

What type of Construction Equipment can you lease? 

• Excavators

• Backhoes

• Aerial Lifts

• Cranes

• Dozers

• Generators

• Cement Mixers

• Cold Planers

• Trenchers

• Telehandlers

• Skid Steers

• Pipe Layers

• Utility Vehicles

• & Much More

Industrial Equipment Leasing

Industrial equipment leasing is a popular financing option for a number of industries, including manufacturing, food & beverages, and mining. With industrial equipment, you may also be able to lease equipment with elevated utilization rates for a short period of time. 

Warehousing, cross-docking, and cold-storage facilities almost always lease their equipment due to the high cost of buying the equipment outright. So, whether you need forklifts, aerial lifts, or even warehouse shelving, there is an industrial equipment leasing solution that will be perfect for your company.

What type of Industrial Equipment can you lease? 

• Forklifts

• CNC Machines

• Laser Cutters

• Compressors

• Power Tools

• Aerial Lifts

• Chippers

• Presses

• Pumps

• Grinders

• Welding Equipment

• Industrial Scales

• Warehouse Shelving

• & Much More

Hospitality Equipment Leasing

The hospitality sector is a lucrative but expensive industry to break into. If you plan on opening a new restaurant, then you probably already know how expensive some of the equipment can be to purchase. Grills, Refrigerators, Ventilation Systems, and POS systems are all necessary, and they all cost a small fortune to buy outright. 

Fortunately, by leasing this equipment, you can open your doors as soon as possible and start taking reservations today. Best of all, by spreading out the cost of the lease over time, you’ll still have access to the cash flow needed to operate a successful business in this competitive industry.

Some of the most commonly leased hospitality equipment is as follows: 

• Ovens and Ranges

• Ventilation Systems

• Refrigerators

• Walk-In Freezers

• POS Systems

• Ice Machines

• Blast Freezers

• Blenders

• Kegs

• Washing Equipment

• Janitorial Equipment 

• Furniture

• & Much More

Office & Tech Equipment Leasing

Offices and tech companies often require a ton of equipment in order to start conducting business. Some of this equipment is relatively inexpensive, but much of it can stretch your budget thin. From computers and printers to desks, copiers, projectors, and of course, office furniture, it can be difficult to gather the money you need to buy everything all at once. The good news is that by leasing your office equipment, you can start conducting business right away. Many offices and tech companies lease their equipment, and you can too.

Some of the most commonly leased office & tech equipment is as follows: 

• Coffee Machines

• Desks

• Copiers

• Printers

• Projectors

• Security Systems

• Telephone Systems

• Computers

• Servers

• Lighting

• Monitors

• Filing Systems

• & Much More

Medical Equipment Leasing

Medical equipment leasing provides a unique way for doctors and other medical professionals to access the high-quality equipment they need. This type of financing allows professionals to focus on providing the best care for patients while medical equipment leasing companies provide the necessary resources. Medical equipment leasing is a good fit for many industries, including medical, surgical, and laboratorial. 

In fact, many science centers and research facilities also choose to lease the technical equipment they need due to the high cost of purchasing this equipment outright. With each industry, equipment leasing can help alleviate the impact of budget constraints and allow you to start practicing your profession immediately.

Some of the most commonly leased medical equipment is as follows: 

• X-Ray Machines

• Intraoral Cameras

• 3D Imaging Systems

• CAD/CAM Systems

• Apex Locators

• Lab Freezers

• Lab Chillers

• Climate Chambers

• Anaerobic Chambers

• Incubators

• Computers

• Analyzers

• Centrifuges

• Microscopes

• & Much More

Type of Equipment you Can Lease with Equipment Finance Canada 

Equipment Finance Canada is the premier commercial equipment leasing company in Canada. Serving all the industries discussed above, EFC has helped thousands of businesses get the tools and equipment they needed to start operating, and they can help you too. 

The application process is simple and straightforward, the terms are favourable, and the selection of equipment available is second to none. So, if you are looking to lease commercial equipment in any of the above-mentioned sectors, then be sure to check out Equipment Finance Canada for the best terms and customer service in the industry. 

Summary

In summary, many companies, equipment leasing is an ideal solution that helps with cash flow, eliminates a big liability, and allows business to get going as soon as possible. There are many different industries that can benefit from equipment leasing, including: Transportation, Aviation, Agriculture & Farming, Construction, Industrial, Hospitality, Office & Technology, and the Medical industry.  

By working with Equipment Finance Canada, you can gain access to the tools and equipment you need right away. Secondly, the application process is quick and easy. So if you are looking to lease equipment for commercial purposes, then be sure to get in touch with Equipment Finance Canada today.