Sany, XCMG, LiuGong & Sunward in Canada: Dealers, Prices and Construction Equipment Financing

Reviewed by Matt N., Associate, NewCap Leasing

Yes, you can finance Sany, XCMG, LiuGong and Sunward equipment in Canada, new or used. All four brands now sell through Canadian dealer networks. XCMG and LiuGong also offer their own financing for new machines. Where those programs stop, an independent lender like NewCap Leasing can help: used units, private sales, auctions, and deals the first lender turned down.

This guide is for two groups. The first is Canadian contractors researching these brands: who sells them here, what they cost, how they compare and what to check before you buy. The second is the dealers who sell them and want a reliable financing partner for their customers.

NewCap Leasing is a Canadian equipment financing company, not an equipment dealer. We don’t sell machines or get paid by any brand mentioned here.

Which Chinese construction equipment brands are sold in Canada?

The four brands most Canadian contractors run into are Sany, XCMG, LiuGong and Sunward. Each one now has a Canadian organization or dealer network, which matters for parts, warranty and financing. The table shows what each one sells here and where it’s based, as published by the brand or reported in Canadian trade press.

These brands aren’t small players worldwide. In KHL’s 2026 Yellow Table, which ranks equipment makers by sales revenue, XCMG placed third globally with about US$14.2 billion in equipment sales. What’s still young is their Canadian footprint. When you compare a Sany or LiuGong with a CAT, the dealer and parts support near your job site matters as much as the machine itself.

Sany and XCMG also make telehandlers. If that’s what you need, see our guide to telehandler financing.

How do Sany, XCMG and LiuGong compare with CAT, Komatsu and John Deere?

No independent Canadian study ranks these brands head-to-head, so be wary of anyone quoting exact savings. In practice, contractors weigh four things.

• Purchase price. Buyers often pick these brands for a lower price than a comparable tier-one machine, but the gap varies by model, dealer and timing. Get written quotes for the same size class from both and compare them.
• Components. Many models use well-known component suppliers. For example, the Sany SY500H sold in Ontario uses a Cummins Tier 4 Final engine and many Kawasaki hydraulic components. Suppliers differ from model to model, so check the spec sheet of the exact machine you’re buying.
• Dealer, parts and service. This is the biggest practical difference. CAT, Komatsu and Deere have decades-old networks across Canada. The newer brands are still building theirs. Ask how far the nearest service tech is and which parts are stocked in Canada.
• Resale value. Tier-one brands have a long Canadian auction history, so their resale value is easier to predict. The newer brands have less. That doesn’t make them a bad buy, but it can affect your trade-in value and what a lender will advance on a used unit.

For a deeper look at the machines themselves, see our excavator and skid steer financing guide.

How much does a Sany, XCMG or LiuGong machine cost in Canada?

Most new Sany, XCMG and LiuGong units on Canadian listing sites say “call for price”, so a dealer quote is the only reliable new price. Advertised prices for used and nearly new units are public, though. The table shows a sample from Canadian dealers on MarketBook.ca, checked October 17, 2026. These are asking prices, not sale prices, and they change often.

Sources: Sany SY35U listings, XCMG listings, LiuGong listings.

The purchase price is only part of the cost. Budget for:

• delivery
• attachments
• insurance
• maintenance
• financing, if you’re not paying cash

To see what a machine works out to per month, estimate your payment with our lease calculator.

What should you check before buying a less familiar brand?

First, separate two very different kinds of machine:

• A dealer-backed brand. This is a Sany, XCMG, LiuGong or Sunward sold through an authorized Canadian dealer, with a warranty and parts support.
• A direct import. This is a no-name or lightly branded mini excavator bought online and shipped from overseas.

Both can look alike in photos, but they’re very different to own, insure, resell and finance.

Before you buy either kind, check:

1. Dealer and service. Find the nearest authorized dealer and service tech, and ask which wear parts are stocked in Canada.
2. Warranty. On a new machine, get the warranty terms in writing. On a used one, ask whether any remaining warranty transfers to you.
3. Emissions label. Diesel engines in off-road equipment sold in Canada must meet federal emission rules. Check that the engine carries the required emission label. A machine built for another market may not have one. See the federal guidance.
4. Serial number and history. Match the serial number to the paperwork, and ask for service records and the hour meter history.
5. Liens. On a used machine from a private seller, run a lien search in the seller’s province before money changes hands.
6. Inspection. Have a mechanic check the undercarriage, hydraulics, swing bearing and engine. This matters most on a brand you don’t know well.
7. Financing. Ask a lender before you commit. Dealer-backed brands are generally easier to finance than direct imports with no Canadian support.

Can you finance Sany, XCMG, LiuGong and Sunward equipment?

Yes. Depending on the deal, there are three main routes.

Whatever the brand, lenders look at a few things:

• The business: time in business, cash flow and credit.
• The machine: age, hours and condition.
• Resale: how easy the machine would be to resell.
• Support: whether there’s a Canadian dealer and parts.
• The deal: the price compared with similar machines.

A dealer-backed Sany or LiuGong with Canadian support is a very different risk from an unbranded import, and lenders price it that way.

At NewCap Leasing:

• We work with new and existing businesses, and our site lists no minimum operating history.
• Applications are one page, and most are reviewed within 24 hours.
• We finance new and used equipment, including from private sellers and auctioneers, with the seller paid directly.
• Terms typically run from 24 to 60 months.
• 100% financing is available on approved deals.
• If you already own equipment, we can also refinance equipment you already own to free up cash.

For general construction fleets, see our construction equipment leasing page.

Apply now: one page, and most applications are reviewed within 24 hours.

Lease, lease-to-own or loan: which fits your business?

All three spread the cost of a machine over time. They differ in who owns it and what happens at the end of the term.

A note on tax and accounting. Tax and accounting treatment depends on how the agreement is set up and on your business, so check with your accountant before you choose:

• Lease payments. The CRA generally lets a business deduct lease payments for property used in the business.
• Treating a lease as a purchase. In some cases, you and the lessor can elect to treat the lease as a purchase, so you claim interest and capital cost allowance instead.
• Balance sheet. A lease doesn’t automatically keep the machine off your balance sheet. Under the accounting standards most Canadian businesses use, lease-to-own agreements and most leases are recorded as assets and liabilities.

What financing does reliably do is keep your cash and credit lines free for payroll, fuel and materials. When work picks up, you can also add machines without waiting to save the full price.

Financing a used Sany, XCMG or LiuGong from a dealer, private seller or auction

Used units of these brands are now common on Canadian dealer lots, at auctions and on classified sites. Manufacturer programs generally don’t cover private sales, so that’s where an independent lender can help.

1. Find the machine and get the seller’s asking price, serial number, hours and photos.
2. Apply with the machine details. Applying before you commit helps you know your budget.
3. We review the deal, including the machine and the price compared with similar units.
4. Ownership and lien checks are part of the paperwork before funds are released.
5. The seller gets paid directly, so you don’t have to carry a large cash payment to a private sale.

At auction, talk to us before you bid so you know your approved amount ahead of the payment deadline. For a step-by-step look at private sales, read our guide to financing used equipment from a private seller. Compact buyers can also see our landscaping equipment financing guide, which covers mini excavators and skid steers.

What do you need to apply?

NewCap’s application is one page. Depending on the size of the deal, you may also be asked for:

• Business details: legal name, address and time in business.
• The equipment: a quote, bill of sale or listing, with the serial number and hours if used.
• Recent business bank statements, for larger amounts.
• Financial statements or tax returns, for larger amounts.
• Identification for the owners or guarantors.

What affects approval and terms:

• your credit and cash flow
• the machine’s age, hours and condition
• the price compared with similar units
• the down payment, if any
• the term you choose

Startups can apply too, since our site lists no minimum operating history.

For dealers: offer financing at the point of sale

If you sell Sany, XCMG, LiuGong or Sunward equipment in Canada, financing is often what decides whether a customer buys today or walks. Manufacturer programs cover many new-unit sales, but not every one. Some customers fall outside the program’s criteria. Others want to trade in, buy a used unit off your lot, or package attachments and machines from different brands.

NewCap works with equipment vendors as an additional financing option:

• One-page application that your customer can complete quickly.
• Most applications are reviewed within 24 hours, so a deal doesn’t sit for weeks.
• Used and trade-in units from your lot.
• A second look when the customer’s usual lender or the manufacturer program can’t get the deal done.
• You get paid directly on approved deals.

Read more in our guide to setting up a vendor financing program, or talk to our team about becoming a NewCap vendor partner.

Frequently asked questions

Can I finance a Sany or XCMG excavator in Canada?

Yes. New machines from authorized dealers may qualify for manufacturer financing, such as XCMG QuickFi. Independent lenders like NewCap finance new and used units, including private and auction sales. Approval depends on your business, the machine and the deal.

Why might a bank hesitate on a Chinese-brand machine?

Banks lend on resale value. Brands with a shorter Canadian auction history are harder to value, especially used and older units. A lender that finances equipment every day is often more comfortable, but every lender sets its own policy.

Can I finance a used LiuGong or Sany from a private seller?

Yes. NewCap finances used equipment from private sellers and auctioneers and pays the seller directly once the deal is approved and the paperwork is done.

Can I finance a mini excavator imported directly from China?

It’s harder. Machines with no Canadian dealer, warranty or emission label are difficult to value and resell. Talk to a lender before you pay for one.

How much does a Sany mini excavator cost in Canada?

New prices come from dealer quotes. In October 2026, used Sany SY35U units with 480 to 1,524 hours were advertised in BC for about $48,000 to $50,000.

Can a new construction company get equipment financing?

Often, yes. NewCap works with new and existing businesses and lists no minimum operating history. Terms for a startup may reflect the higher risk, for example a down payment or a shorter term.

I’m a dealer. Can NewCap finance my customers?

Yes. We work with equipment vendors as an additional financing option, including for used and trade-in units. Talk to our team to set it up.

Ready to finance your next machine?

Whether it’s a new Sany from a dealer or a used LiuGong from a private seller, NewCap Leasing can help you get it working. Apply now, estimate your payment or call (416) 645-0286 to talk to a leasing expert.

This article is for general information only and is not financial, legal, tax or accounting advice. Prices are advertised asking prices checked on October 17, 2026, and change often. Brand and dealer details come from the sources linked. NewCap Leasing is not affiliated with any brand mentioned. All financing is subject to credit approval, and terms vary by business, equipment and deal.