Dump Truck Financing Companies
On average, a dump truck can cost around $150,000 – which most would agree is quite a lot of cash. If you work in the mining industry, you may just need one of these kinds of vehicles as standard.
While articulate dump trucks are heavy-duty and used for mining, they can also be driven on a road if you need to. On the other hand, ridged dump trucks are usually only used on mining sites. No matter what type you need, you’ll often have the option to buy the vehicle outright or finance it – and for some, this may be the better option.
Dump trucks that can be financed
Fortunately for those who would prefer to finance one of these kinds of vehicles, there are often many options available from several companies; ranging from Komatsu and Caterpillar’s dump trucks, to Cat’s articulated dump trucks and a range from Volvo.
What is dump truck financing?
Generally speaking, if you finance a dump truck, you’ll be borrowing the money you need to buy one and will be required to pay back the amount of cash borrowed over a set period of time.
One of the benefits of this is that you could get the vehicle you need to boost your business and therefore make more cash, which you can use to pay your lender. In most cases, the dump truck is the collateral, so be sure to keep on top of your payments. A few things that a lender is likely to consider before giving you a loan include:
- Your credit history
- Your businesses financial status
- How long you’ve been operating your business
- The age of the truck you want to purchase
- Property ownership and equity
Truck Finance Online
In most cases, visiting Truck Finance Online can be a good idea for those who are considering financing a dump truck. In general, they’ll offer:
- Structured finance options
- Access to several lenders
- Flexible loan solutions
- Competitive interest rates
- An individualised assessment of your finance needs
So, why not go to https://www.truckfinanceonline.com.au/apply-now/ to fill out your application for a dump truck today?
Disclaimer
This newsletter does not necessarily reflect the opinion of the publisher or supplier. It is intended to provide general news and information only. While every care has been taken to ensure the accuracy of the information it contains, neither the publishers, supplier, authors nor their employees, can be held liable for any inaccuracies, errors or omission. Readers are advised to contact their financial adviser, broker or accountant before making any investment decisions and should not rely on this newsletter as a substitute for professional advice.
Your full financial situation would need to be reviewed prior to acceptance of any offer or product