Dump Truck Finance

Finance your dump truck

Whether your business is in farming, construction or any other industry that requires the use of heavy loading and commercial vehicles such as dump trucks, having this equipment is paramount to your business’s success.

Dump trucks have many purposes, including construction of roads or building sites, landscaping and waste management.

However, the method of financing when acquiring a dump truck depends on your business’ layout.

We can arrange finance for a wide range of dump trucks. Whether that is for business or construction use, our construction team can assist your needs.

What is dump truck finance?

Dump truck finance is a method of financing that provides you access to a dump truck, whilst purchasing it in a way that is financially manageable. Thanks to the flexible nature of financing, the budgeting and financial process can be done on your terms.

Two ways of financing a dump truck can be through asset refinancing and hire purchase. As well as this, finance leasing can be a great alternative if your business is looking to use a bulldozer without having to own it.

Our construction division are available to answer and provide assistance for any requirements you may have.

Types of dump truck finance available

Hire purchase: This type of asset finance lets you spread the cost of an asset over an agreed period with fixed monthly payments. While VAT is normally paid upfront, it can be deferred for up to three months. At the end of the agreement, you will own the asset outright.

Finance lease: If owning the dump truck isn't a priority, leasing could be the ideal solution. You rent the bulldozer for an agreed period, making monthly payments, with no obligation to purchase at the end. This offers flexibility without the long-term commitment of ownership.

Asset refinance: Refinancing assets on your balance sheet is a great way to raise capital for your dump truck. The asset is sold to a lender and then leased back to your business under a fixed agreement. This enables you to access the asset's value while still using it for your business.

How does dump truck finance work?

To finance a dump truck, you pay an initial deposit, and then pay the remaining amount over the agreed period. Whilst in the repayment time you do not own the asset, the dump truck can be used for your business’ operations. Financing offers flexibility and personalisation, meaning you set the deposit amount and decide how long you want to finance the asset over.

Is dump truck finance right for your business?

Purchasing a dump truck outright involves putting down a large amount of business capital. With financing, you get the benefit of having usage rights of the asset, whilst also paying for the asset on terms your business can manage.

Budgeting is also made easy with financing, as with the fixed repayment schedule and the term time set by you, paying for the asset can be planned along with other business payments.

Applying for dump truck finance

MAF Finance Group have access to a broad selection of funders and lenders, meaning we can deliver the best financial solutions.

If you would like to get a quote or learn more on our offerings, you can fill out the form below and we will respond promptly. If you want to speak to us directly, you can call us on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, you can email us at [email protected].