Private sales and auction buys welcome · Older and high-hour equipment considered · Approvals can come the same day
Lease financing for used equipment, including private sales, auction buys and older assets.
$1,967/month over 48 months
CBL funds up to $1,000,000
Example only, not a quote. The lease example includes a 10% buyout at the end of the term. Your rate depends on credit, time in business and the equipment.
Continue to applicationThe short answer
Used equipment leasing finances pre-owned equipment, including machines bought privately or at auction and older, high-hour units. It suits businesses that want to stretch an equipment budget, since good used equipment often costs much less than new and does the same work. Financing it takes a lender who understands used values, and matching you with one is a CBL specialty.
At a glance
CBL Financial is an equipment financing brokerage in Calgary, Alberta, that arranges used equipment leases for businesses across Canada. Funding goes up to $1,000,000, terms run 24 to 72 months, and approvals can come the same day for straightforward files.
| What it is | Used equipment leases, arranged through a lender network |
|---|---|
| Funding | Up to $1,000,000 |
| Terms | 24 to 72 months |
| Approval time | Same day possible for straightforward files |
| Where | Businesses across Canada, from a head office in Calgary, AB |
| Equipment | Dental equipment, Dump truck, Excavator, Forklift, Gym equipment, Medical imaging, Restaurant equipment, Semi-truck, Skid steer, Trailer |
| Sellers | New or used, from a dealer, auction or private seller |
| Rate and down payment | Set by the lender for each file, based on credit, the asset and its age |
Some of the best equipment values in Canada never reach a dealer lot: a contractor retiring an excavator, a trailer at Wednesday’s auction, a clinic consolidating its operatories. Traditional lenders often struggle with these purchases because there’s no dealer invoice and no standard depreciation table.
This is the segment CBL was built to serve. We verify and document the asset, place it with lenders who understand used-equipment values, and structure terms that reflect the equipment’s real remaining life. You get the lower price of buying used along with the predictable payments of a lease.
Why CBL
A private purchase can close much like a dealer deal. The lender checks for liens, confirms the value and pays the seller.
Arrange pre-approval before you bid, so funding is ready once the hammer falls.
Well-maintained older equipment goes to experienced credit teams who look at its condition and maintenance history.
We support valuations based on what comparable units actually sell for.
How it works
An auction lot, an online ad, or the seller’s details is enough to begin.
We place your file with a lender suited to the asset class, who confirms the value and checks for liens.
We coordinate payout directly with the seller to keep the purchase on schedule.
Eligibility
Requirements vary by program. Not sure you qualify? Apply and a person at CBL will review your file.
FAQ
Yes, whether you are buying from a dealer, a private seller or at auction. Lenders look for a verifiable serial number, no outstanding liens and a supportable value.
You agree on a price with the seller, we arrange the financing, and the lender pays the seller directly. Before funding, the lender will usually check for existing liens, confirm the value and, where needed, ask for an inspection. From there, you make your payments to the lender.
There is no single cutoff, but many lenders prefer that the equipment’s age plus the financing term stay within a set limit. Exceptions are common for well-maintained equipment with service records. Send us the details before ruling anything out.
Leasing usually suits businesses that put cash flow and flexibility first, while a loan suits businesses planning to own the equipment long term. Lease payments are often lower, and end-of-term options let you upgrade or buy. A loan builds equity and lets you depreciate the asset. We can lay out both structures side by side so you can compare real numbers before deciding.
Start your application
Apply in one sitting. Approvals can come the same day. Questions? Call 877-522-2498.
Start your application
