Canadian Equipment Financing Matters More Than Ever
Canadian small business owners are the backbone of our communities and our national economy. You’re driven by passion, dedication, and an unwavering commitment to building something meaningful. From the early mornings to the late nights, your hard work creates jobs, fosters innovation, and contributes directly to the prosperity of our nation.
We see you, and we recognize the immense effort that goes into every success story. Adversity is no stranger to you. And if you run an asset-based business in Canada, here’s how to tackle the shifting landscape of tariffs, politics, and economics.
Finding Deals and Buying Used Equipment in Canada
A key ingredient to securing work for your business is having the right equipment. Sourcing the perfect piece of equipment at reasonable prices is an art you’ll need to learn. The best deals are often found on used equipment that isn’t subject to the same taxes, tariffs, and hidden fees. And keeping your dollars inside Canada is the answer to serving your needs, as well as your fellow Canadian.
First and foremost, you need to have a good idea of what you want. Which equipment will grow your business the most? You don’t need to know the exact make a model (although it does help if you know), but you should know the class of equipment and the options available in that class.
It’s worth a few minutes of your time to jump online and search some of the common online classified websites. There’s a list of good classifieds to check out here: Effective Online Selling Techniques. It only takes a few minutes to do an online search for a few models that you’re looking for.
Private Sellers
Your best bet is to find a private seller in Canada that is trying to move their used equipment. A private seller will often get more for their used equipment than if they were to sell or trade-in to a dealer. However, to be competitive they will still sell below dealer prices.
Equipment Dealers
Canadian equipment dealers are still a good source for finding the specific assets you’re looking for. You might pay a slightly higher price but you will appreciate the peace-of-mind in dealing with a reputable seller.
Auctions
Finally, sometimes you can find a great deal at local equipment auctions. It is much more difficult to find exactly what you’re looking for at an auction though. And participating in auctions can be time consuming. You should keep a passive eye on auction listings and if there’s something that piques your interest, jump on it.
Equipment leasing is a great option to break down up-front costs into manageable monthly payments. Lease to own programs are available for private, dealer, and auction sales.
Standing Strong Together: The Power of Canadian-Focused Financing
In a world where global economic winds can shift unexpectedly there’s a strong case to be made for keeping key aspects of your business, like financing, rooted in Canada. Not only will you save yourself money in the long-run; you will also strengthen our own economic resilience and support your fellow Canadians.
Insulating Your Business from External Shocks
When news headlines are dominated with trade disputes or economic uncertainty, it can be a stark reminder of our interconnectedness. By choosing equipment leasing companies that utilize Canadian funding sources, you create a buffer. Your financing terms are less likely to be directly impacted by the economic policies or political climate of another country. This provides a layer of stability and predictability, allowing you to focus on your business with greater peace of mind.
Investing in Your Own Backyard
Opting for Canadian-based financing means your financial commitments are directly reinvested into our national economy. This isn’t just a feel-good notion; it has tangible benefits. It helps create and maintain jobs for Canadians. It’s a practical way to contribute to a cycle of domestic growth, strengthening the very economic fabric that supports your business and countless others.
Confirming the “Canadian” in Your Canadian Financing
Don’t assume that because you’re working with a Canadian lease broker that they are using Canadian funding sources. It’s common that lenders will rely on American underwriters or capital, which can reintroduce some of the cross-border economic variables. To ensure your financing choice genuinely keeps your investment circulating within our nation and offers that greater insulation from foreign economic shifts, it’s a smart step to ask your lease broker directly: “Are your funding sources and underwriters only Canadian?” This clarity helps you make the most informed decision for your business and for supporting the Canadian economy.
Ready to Grow Your Business the Canadian Way?
When you’re looking for an equipment leasing partner, you want a team that provides a stress-free experience, flexible terms that big banks often can’t match, and the true value of your asset. You want a partner that contributes to the Canadian economy, just like you do, by ensuring your financing is also Canadian.
That’s where we at Thomcat Leasing come in. We are dedicated to supporting Canadian small businesses by providing access to exclusively Canadian funding sources for your equipment needs, ensuring your investment stays and works within our borders. We pride ourselves on a simple process, less paperwork, and the kind of flexible, understanding service that helps your business move forward.
Get an instant equipment leasing estimate today and discover how affordable your next equipment purchase can be, while supporting our Canadian economy.
