DUMP TRUCK FINANCING:
WE HAVE HAD THE PLEASURE OF WORKING WITH THOUSANDS OF BUSINESS OWNERS IN THE DUMP TRUCK INDUSTRY FROM START-UP TO EXISTING BUSINESSES. HERE IS SOME INFORMATION FOR YOU TO KNOW:
Why Finance in the first place?
Reason #1- is always Cost- The purchase price of a dump truck is not cheap. Which is why a lot of business owners call us to help them out.
Reason #2- Cash is King! Using all of your cash isn’t the smartest decision and you never know when you may need your operating cash for repairs or other expenses that come up.
Reason #3- The dump truck business can be very lucrative and the more profit your company shows to Uncle Sam at the end of the year, the more money you pay in taxes,,,that’s never a any fun.
Financing not only gives you an additional write off against your gross income but it also allows you to invest in an asset that is going to produce future revenue for your company. Do you follow where I am going here??? It’s a double benefit!
Facts to Know About Dump Truck Financing:
New vs Used: If you are looking to finance a brand spanking new dump truck, then mostly likely the dealer you have ordered the truck from will have lower financing rates than us because they are also the manufacture of the truck and there is a gigantic profit built into that. This allows them to offer insanely low rates!
However, if buying a $240,000+ Dump Truck is too rich for your blood, we have financed thousands of used dump trucks over the years.
- Late model– Anything from 2010 or older
- Semi Late Model– 2010-2016
- Newer– 2017 newer
- Dump Conversions– This is when you take a long axle Day Cab Truck and weld a dump body to your specifications onto it.
WE FINANCE A TON OF THESE TRUCKS! Not many financing can or understand the dynamics involved.