What Is Auction Financing and How It Can Help Your Business

February 24, 2021

Purchasing vehicles and equipment vital to the successful operation of your business at auction can be a convenient and affordable option for companies of any size. The scope of brand and types of equipment, vehicles, machinery and ancillary apparatus available at auction might be the most efficient way to get all the resources you need to start, expand, or update your business. But a heavy-duty purchase at auction might require some clever financial strategies. If you need a solution to funding your planned equipment acquisition, auction financing might be an ideal option for you.


Your First Choice for Equipment Leasing in Calgary

First Capital Leasing is a Calgary-based lending company that specializes in equipment and vehicle leasing, auction financing, sale-leasebacks, and commercial equipment loans. For more than 25 years, we've been helping businesses across Canada with their commercial equipment and financing needs, helping them quickly acquire the important tools they need to be successful.

Contact us today to set up a consultation with one of our lending experts, and let's get you the important equipment you need at a great rate.
 

Is Buying At Auction Right For You?

If you are considering an acquisition of equipment for your small business or large commercial organization, purchasing at auction might be a great option for you. Sourcing out the equipment necessary to execute your operations through auction channels can offer the opportunity to save a lot of money. The benefits of purchasing through auction are:

Although buying at auction can be a great advantage to getting your business up and running or to expanding your operations, such a large-scale purchase requires large-scale funding. If you are looking for financial solutions to bankrolling your purchase, auction loan financing could be the right strategy for you.


How Can Auction Financing Help Your Business

Tailored solutions for auction financing can facilitate the acquisition of equipment that is vital to your business. Seeking auction financing strategies from a knowledgeable company with vast experience in the auction process will get you a customized plan that can make a big difference to the overall cost of your project. The right financing partner will:


How It Works

If you have decided that purchasing at auction is the best tactic for acquiring the equipment you need, First Capital Leasing is here to support your action with our proven solution to secure the funding you require. Here is the process you can expect:


Auction Financing Solutions

First Capital leasing has been providing auction financing solutions to clients in Calgary and across Canada for over 25 years. We understand that every business has unique financing requirements. Our team has a proven model to assist start-ups, established companies, government, towns and municipalities, organizations large and small access a tailored auction financing plan. Connect with the team at First Capital Financing today and leverage our financing strategies today.



FAQ's
 

Can I get pre-approved for financing before the auction? 

Yes. We strongly encourage our clients to get a pre-approval prior to auction day. Our team will work with you to provide the best auction financing solution. Just provide us with the details on what you are looking to bid on and we’ll take care of the rest.

Is auction financing just for large-scale, big-budget purchases? 

No. Our auction financing team can work with companies of all sizes with purchasing plans of any size to secure customized auction financing solutions.

Can you arrange payment to the auction house? 

Yes. We can arrange invoicing and payment directly to the supplier.

 

What Our Clients Are Saying

Experienced, Capable, Customized

We'd love to have the opportunity to understand your business and develop a strategy customized to your business' short-term needs and long-term goals.  We boast a 95% approval rate through our vast network of underwriters (including a robust private portfolio).   
Contact us at 1-888-251-3644 or complete the online contact form below. We look forward to connecting with you.

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