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

 

Disclaimer -This page/article provides general information only and has been prepared without considering your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.

Credit Representative Number 496186 is authorised under Australian Credit Licence Number 389328.
ABN – 63 007 814 458. Member of MFAA.

Ph. 1300 418 811
Email – info@truckfinanceonline.com.au