Machinery Lease Financing

Lease financing has never been easier! We offer competitive rates, 100% financing and can customize terms to suit your borrowing needs. Akhurst Machinery’s Leasing Program has been developed with you, our customer, in mind. Plus, our secure electronic signature process allows completing documents from the safety of home or office.

Why Lease?

  • Total project financing, including all soft costs
  • Preserve cash and existing credit lines
  • Fixed, predictable payments protect against inflation
  • Conserve working capital
  • Flexible End of Term options
  • Avoid technological obsolescence
  • Potential tax benefits

Leasing Facts

Structured financing allows you to get the maximum benefit from your investment with minimal bottom-line impact, all while building equity towards equipment ownership. We have long-tenured lease managers who understand the woodworking industry to help you to understand all of your options.

Equipment leasing is not complex
Our service commitment goes beyond just providing financing for your machinery. Before you place your order, your personal lease manager will explain all finance options and benefits in easy to understand terms. Start-to-finish, you will have a dedicated professional making the process simple and transparent.

80% of US companies obtain equipment through leasing
A market this large requires great flexibility. All of our clients whether large or small experience the same personalized service. Your options will consider plans for equipment ownership and/or replacement as well as the short and long-term goals of your business.

Leasing can benefit your bottom line
Financial professionals know that a cash purchase is not always best and that interest rates are just one consideration. Our leasing options preserve your cash, existing bank line of credit, require no down payment and can allow for tax-favourable treatment of the expense.

Frequently Asked Questions

A lease is simply an agreement by a customer (Lessee) to make a monthly payment for a specific amount of time for the right to use property owned by another party (Lessor). The Lessee is responsible for insurance, maintenance, and all other cost of ownership.

Leasing offers many advantages over other types of financing. Leasing will not deplete financial resources like paying cash does.  Leasing can offer 100% financing unlike a bank loan that will usually require a 20%+ down payment. There may also be tax benefits to leasing that will save you money. Leasing allows most businesses the opportunity to acquire revenue generating equipment and match its cash inflows and outflows, essentially letting the equipment pay for itself while still generating a positive cash flow for the business.

While there are several differences between leasing and renting, the main one is that leasing gives you the added flexibility at the end of term to purchase the equipment, return it, trade it up into new equipment, or renew the lease.

For transactions up to $250,000, only a one-page application is required. For transactions over $250,000, two-years of company financials and current interims often satisfy our credit review.

For most transactions up to $250,000, you will receive a credit decision within one business hour, dependent upon the accuracy of the information provided.

Typically, the first & last month’s payments and a minimal processing fee are sufficient to start a lease.

All new and pre-owned equipment, software, installation charges, delivery charges, tooling and training can be included in your lease. Peripheral equipment can also be included (i.e. dust collection systems).

Leasing can provide a more rapid write-off because the lease term is often shorter than the depreciable life of the equipment, and the monthly payments are often 100% tax-deductible as a pre-tax business expense. Consult your tax advisor for specific information. For the most up-to-date information, go to

Download our Lease Application