Get Started With A 
Serving all of Canada!
Secure Affordable Skid Steer Financing Solutions in Canada
Getting a skid steer loan through Canada Powersports Financing is a four-step process that most applicants complete start to finish in under 48 hours.
Step 1 — Submit Your ApplicatioN
Fill out our secure online application in under five minutes. We use a soft credit check for pre-approval, so your credit score is not affected at this stage. No dealer visit required and no paperwork to fax.
Step 2 — We Match You with Lenders
Your application goes out to our full lender network simultaneously. We return your best available offer, typically within 24 hours. You are not limited to one lender’s terms. Multiple lenders compete for your deal, which drives your rate down and your options up.
Step 3 — Choose Your Skid Steer
Once you have your approval, shop any dealership or equipment seller anywhere in Canada. New or used, any brand, any province. You are not restricted to a specific lot or an approved inventory list. Your approval travels with you.
Step 4 — Funds Sent Directly
We send the loan proceeds directly to the dealer or seller on your behalf. You sign your documents, take delivery, and get to work.
Skid Steer Loan Rates and Terms in Canada
Understanding your numbers before you apply puts you in a stronger position when it is time to review your offer. Here is what skid steer financing in Canada typically looks like across the key variables.
Loan amounts
Most skid steer loans in Canada range from $5,000 to $150,000 depending on the machine and your credit profile. Older used units come in at the lower end, while new full-size models with attachments and extended warranties can reach the upper range.
Interest rates
Skid steer loan rates in Canada generally range from 9.9% to 29.9% APR. Borrowers with strong credit (700 and above) typically qualify toward the lower end of that spectrum. Applicants with credit scores in the 660 to 699 range can expect rates roughly between 11.9% and 17.9%. Those with credit below 660, recent missed payments, or prior credit events generally see rates between 19.9% and 29.9%. Construction and heavy equipment is classified separately from standard auto loans by most lenders, which means rates reflect the asset type and intended use. This is normal across the industry and not specific to any single lender.
Loan terms
Most lenders offer skid steer loan terms between 24 and 84 months. Shorter terms carry higher monthly payments but reduce the total interest you pay over the life of the loan. Longer terms lower your monthly obligation but increase the overall cost of borrowing. The right term depends on your cash flow and how central the machine is to your ongoing operations.
Down payment
Many applicants are approved with zero dollars down. In some situations involving lower credit scores or higher loan amounts, a lender may require 10% to 20% down to approve the file. We will tell you upfront if a down payment applies to your situation, no surprises.
These are market ranges. Your actual offer depends on your credit profile, income, the value and age of the equipment, and the specific lender matched to your application. The only way to see your real numbers is to submit an application.
Dealer Financing vs.
Canada Powersports Financing
| Bank or Dealership | Canada Powersports Financing | |
| Credit flexibility | Good credit typically required | All credit types accepted |
| Lender options | One lender | 30+ lenders competing for your deal |
| Where you can shop | Usually dealer inventory only | Any dealer or private seller in Canada |
| Application process | In-person, time-consuming | Online, under 5 minutes |
| Pre-approval impact | Hard inquiry | Soft inquiry (no score impact) |
Most major banks require a credit score of at least 660 to 700 to qualify for competitive equipment loan rates. If you do not meet that threshold, or if you simply want more options and a faster process, working with a dedicated financing broker gives you a real advantage. You get lender competition instead of a single take-it-or-leave-it offer, and you are not limited to whatever happens to be sitting on a dealer lot.
Skid Steer Financing With Bad Credit in Canada
A low credit score does not automatically close the door on equipment financing. Traditional banks typically want a score of 650 or higher for standard loan approval, and many prefer 700-plus for competitive rates. If you fall below those thresholds, working through a specialist broker like Canada Powersports Financing is often the better path.
We work with a vetted network of alternative and subprime lenders whose approval criteria go beyond the credit score. These lenders look at your full financial picture, which means income and repayment capacity carry significant weight.
What lenders look at beyond your credit score:
- Down payment (helpful but not always required for approval)
- Proof of steady income; employment, self-employment, business revenue, or government benefits
- Government-issued ID and confirmation of Canadian residency
- Monthly payment capacity relative to your income and existing debt obligations
Types of Skid Steers We Finance Across Canada
Canada Powersports Financing works with lenders who fund all major skid steer categories, new and used, from any dealer or private seller anywhere in Canada.
Compact Skid Steers
Smaller frame machines from brands like Bobcat, Case, and Kubota are popular for landscaping, residential construction, and tight-access job sites. These units typically range from $20,000 to $50,000 new and finance well across all credit tiers.
Full-Size Skid Steers
Higher-capacity models from Caterpillar, John Deere, New Holland, Manitou, and others are used in larger construction, agricultural, and industrial applications. New units in this category can range from $50,000 to over $100,000 depending on configuration and attachments.
Track Skid Steers
Rubber track models offer superior traction on soft or uneven terrain. Brands like Takeuchi, Gehl, and Mustang are commonly financed through our network alongside the major OEM brands.
Used Skid Steers
Private sale or dealership, new or pre-owned, if a skid steer has a serial number, a verifiable market value, and is being sold by a legitimate seller in Canada, we can typically finance it. Used equipment financing is available regardless of where you are buying from, including private listings.
Skid Steers with Attachments
In many cases, attachments including buckets, augers, forks, and breakers can be bundled into the same loan as the base unit. Confirm with our team whether the attachments you need qualify under your specific approval.
We Finance Skid Steers in Every Province
Canada Powersports Financing is 100% online and operates coast to coast. We finance equipment loans in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, Nova Scotia, New Brunswick, Newfoundland, Prince Edward Island, and all territories. There is no dealership visit required to start your application. Rural, urban, or anywhere in between, if you are in Canada and you need a skid steer, we can work with you.
Skid Steer Financing FAQs
Our Latest News & Insights
-
October 5, 2026How to Avoid the Wrong Powersports Loan Term That Could Cost You Thousands in Canada
A $15,000 ATV financed over 84 months can cost you $4,000 to $6,000 more in total interest than the same machine financed over 36… Read more
- September 14, 2026
How Does RV Financing in Canada work? A Complete Guide to Rates, Terms, and Approval
Roughly 2.1 million Canadian households now own an RV, about 14% of all households nationwide, and that number has climbed steadily over the past… Read more
- September 7, 2026
Powersports Financing in Canada: How the Approval Process Actually Works (And What to Expect at Every Step)
Most first-time powersports buyers spend more time worrying about the financing application than they do picking the actual machine. That hesitation costs them weeks… Read more
