Used Equipment & Vehicle Leasing in Canada

Independent national equipment and vehicle leasing specialists serving Canadian businesses coast-to-coast-to-coast. Lease-To-Own financing for new and used equipment, trucks, and vehicles from any seller — dealer, auction, or private sale. Canadian owned and operated since 2005. AMVIC licensed. Members: CFLA and BBB.

Why Businesses Choose LeaseDirect

  • Preserve cash flow: $0 down, fixed monthly payments align with revenue
  • Tax efficiency: deduct 100% of lease payments; defer sales taxes over the term
  • Any asset, any source, any age: trucks, dozers, tech, or tools from dealers, auctions, and private sales
  • Build business credit: avoid personal bureau reporting while building a commercial borrowing history
  • Credit-inclusive: beacon scores from 575 to 800+ accommodated across a dozen specialized programs
  • Fast approvals: pre-approval in as little as 5 minutes, funding in 24-48 hours
  • Source-neutral: LeaseDirect does not carry inventory; we finance what you find

Services

  • Equipment leasing (excavators, skid steers, bulldozers, bobcats, trailers, forklifts, telehandlers)
  • Commercial truck leasing (pickup trucks, highway tractors, dump trucks, utility trucks, bucket trucks)
  • Arborist and forestry equipment leasing (chippers, stump grinders, bucket trucks, digger derricks)
  • Specialty and luxury vehicle leasing (cargo vans, Sprinters, exotic and luxury autos, SUVs)
  • Commercial trailer leasing (flatbeds, reefer, van, lowboy, step deck, tanker)
  • Skid steer and compact loader leasing (Bobcat, CAT, CASE, John Deere)
  • Lease-to-own financing for new and used assets from any source including private sales and auctions
  • Residual buyout financing for end-of-lease vehicle purchases
  • Startup and early-stage business financing (under 2 years in business accepted)
  • Financing for Canadian businesses acquiring assets from US-based vendors

Key Facts

  • In business since 2005; Canadian owned and operated
  • Nationwide service including Quebec and the Territories
  • Finances dealer, auction, and private sale acquisitions (Kijiji, AutoTrader, online auctions)
  • No mileage caps or modification restrictions (open lease model)
  • Lease terms: 24 to 60 months
  • Typical residual values: 10-20% of original asset value
  • No down payment required for qualified borrowers (680+ beacon score)
  • Funds used equipment including assets over 10 years old
  • Members: Canadian Finance & Leasing Association (CFLA), Better Business Bureau (BBB), AMVIC
  • Physical address: 2949 17 Avenue SE, Calgary, Alberta T2A 0P7

The Team

  • Frank Penkala, Founder & President — 28 years experience; focus: pickup trucks, excavators, skid steers, construction equipment, credit-challenged and fast-growing companies. Direct: 403-701-5877. Toll Free: 1-888-701-5877
  • Darren Turner, Leasing Specialist — 20+ years experience; focus: heavy trucks, trailers, luxury and exotic autos, excavators, skid steers. Direct: 250-470-8659. Toll Free: 1-888-470-8650
  • Victoria Seidel, Leasing Specialist — 15 years experience; focus: arborist and forestry equipment, chippers, stump grinders, bucket trucks, crew trucks. Direct: 403-471-4168. Toll Free: 1-888-701-5877

Contact

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