Dump trucks are an essential piece of equipment for many industries, including construction, mining, and waste management. Whether you’re a small business or a large enterprise, financing a dump truck can help you improve efficiency and productivity without the big upfront costs. In this blog, we’ll explore seven different types of dump trucks you can consider for financing, helping you to make an informed decision for your business needs.
- Standard Dump Truck: This is the most common type, featuring a truck chassis with a dump bed mounted on the frame. It typically has a hydraulic piston system to lift the bed for dumping.
- Articulated Dump Truck (ADT): ADTs have a pivot joint between the cab and the Dump Box, allowing for better maneuverability on rough terrain. They are commonly used in construction, mining, and earthmoving applications.
- Transfer Dump Truck: Also known as a “slinger” or “slingers,” these trucks have separate trailer units with individual Dump Beds. They can deposit materials precisely and are commonly used in highway construction and paving projects.
- Super Dump Truck: Super dump trucks feature an additional axle at the rear, allowing for higher Payload capacity while maintaining maneuverability. They are often used for transporting heavy loads over long distances.
- Side Dump Truck: Side dump trucks have hydraulic cylinders on either side of the bed, enabling the load to be discharged by tilting the bed to the side. They are ideal for dumping materials in tight spaces or alongside obstacles.
- Off-Road Dump Truck: Also known as “haul trucks” or “rock trucks,” these vehicles are designed for use in rugged off-road conditions, such as mining and quarrying operations. They have large, heavy-duty tires and high ground clearance to navigate rough terrain.
- Semi-Trailer End Dump Truck: These trucks consist of a tractor unit pulling a separate trailer with a Dump bed at the rear. They offer high maneuverability and are commonly used for hauling and dumping aggregate materials on construction sites.
Best Marketplace and Resources for Dump Trucks
Best resource to compare, shop and research all various types of dump trucks, have been organized here with out top 5 resources available to you and the best marketplace.
1. TruckPaper
- Best For: Wide selection of dump trucks for sale, auction results, and price comparisons.
- What You’ll Find: Listings of new and used dump trucks from dealers and private sellers, including detailed specs, photos, and pricing.
- Why It’s Great: It’s a trusted marketplace for heavy trucks and equipment, and you can filter by make, model, year, location, and price range. It also includes valuable information like auction results, helping you understand market trends.
- Website: TruckPaper
2. IronPlanet
- Best For: Auctions of used heavy equipment, including dump trucks.
- What You’ll Find: Dump trucks for auction, complete with inspection reports and detailed descriptions.
- Why It’s Great: If you’re looking to value a dump truck based on recent auction sales or want to purchase one at auction, this site is a great resource. You can get a better understanding of how equipment is valued by bidding trends.
- Website: IronPlanet
3. Ritchie Bros. Auctioneers
- Best For: Heavy equipment auctions and pricing history.
- What You’ll Find: Both live and online auctions, often with heavy trucks, including dump trucks, sold at competitive prices.
- Why It’s Great: You can access past auction results to see what dump trucks sold for and compare various models. The site is an excellent resource for market trends and auction prices.
- Website: Ritchie Bros.
4. Commercial Truck Trader
- Best For: A dedicated marketplace for trucks, including dump trucks.
- What You’ll Find: Thousands of new and used dump trucks for sale from dealers and private sellers, as well as pricing information and specifications.
- Why It’s Great: It offers an extensive inventory of dump trucks and other commercial vehicles, plus filters to help you narrow down your options by make, model, year, and price.
- Website: Commercial Truck Trader
5. Equipment Trader
- Best For: A marketplace for both trucks and construction equipment.
- What You’ll Find: A range of dump trucks, including specs, pricing, and dealer information.
- Why It’s Great: It’s a sister site to Commercial Truck Trader but focused on both trucks and heavy equipment. If you’re looking for a combination of dump trucks and other equipment like backhoes or excavators, this is a solid option.
- Website: Equipment Trader
Considering Renting or Financing a Dump Truck?
Dump Truck: Rent vs Lease.
People who can’t get traditional financing or leasing ends up renting. Renting is extensively more expensive than traditional equipment leasing.
If a bank isn’t willing to give you the funds to buy a dump truck, you could look for dump trucks to rent from other person or go through company like Penski organizations, or Enterprise, or U-Haul, which may offer Short-Term Rental or leases.
Dump trucks for rent can also be a great option for businesses are just starting out, or those who want to test the “construction industry.” Or, if your project is for short-term that doesn’t warrant long-term leasing. Or, if you want to avoid shelling out large amounts of working capital funding until they’ve developed better cash flow for unknown future projects. Leasing is always good to consider.
Getting a dump truck financing is a great way to gain access to a used dump truck or a new dump truck for your business without having to deal with capital outlay for heavy assets. This is especially important for businesses that are newer or don’t have very high Credit Scores yet. Dump Truck Financing can build payment history while benefiting from taxes and appreciation.
What are the pros and cons to lease a dump truck.
Whether you’re looking for dump trucks financing to lease, want to get a loan, or just want to rent one, make sure to understand the needs of your business so that you know which option will benefit you the most. Maybe your project requires one truck, but you need two, you can lease, rent or finance.
To get approved for dump truck financing, start shopping around for year, make and model that suits your budget.
If you are in need of dump truck financing for your business, we invite you to contact us toll-free at 888-511-6223 or Fill out our online application. One of our equipment leasing specialist will be ready to assist. Apply today.
Do You Need Good Credit to Get Dump Truck Financing!
If you have low, bad or no credit score, don’t fret. Our financing programs allows for all types of credit. Liberty Capital can help businesses gain access to the dump trucks they need through used or new dump truck leasing and financing for bad credit. Instead of relying on credit to get one funded, we can structure a financing for you company that meets your credit profile and credit risk. Simply get preapproved for a dump truck leasing today before you shop.
With dump truck financing, construction businesses of all sizes, ages and credit profiles can gain access to dump trucks, service trucks and other construction trucks they need to build and sustain a thriving business. Make sure to work with dump truck leasing companies that knows how to structure such complicated financing.
Liberty Capital strives to provide you with an unparalleled dump truck Funding Experience. Whether you have good credit or bad credit, have been in business for years or just starting out, there’s a way to lease dump truck for everyone.
Simplified Programs for Dump Truck Financing
We know that your time is a valuable resource when it comes to running a company. Working with a reliable lending, Liberty Capital uses a simplified application process to get you approved for financing. Compared to Traditional Banks, our approval process is fast and less burdensome.
- Minimum Time in Business: 1-2 years
- 120% of the dump truck cost
- Up to $250,000 with a simple one-page application.
- Up to $5,000,000 with financial disclosure.
- Next-day dump truck approval
- 90-day deferred payment options
- No down payment requirements for well qualified truckers
- Simple application process
- New and Used Dump Truck Financing
- No pre-payment penalty
- Best dump truck financing rates in the industry
- Private seller, vendor, or dealers
How to get Approved for Dump Truck Financing?
What do I need to apply?
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process. We do soft-inquiry, and our lender will do hard inquiries once you are approved.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
