Clients might come to us for Articulated Dump Truck finance as opposed to Rigid Dump Truck finance, if the proposed truck is to carry heavy loads over rough and undulating ground. Articulated Dump Trucks are often mine spec’d, however they also can be road registered as they are capable of being driven on the road – compared to a Rigid Dump Truck, that is driven solely on mine sites.
Example Funding Scenario
- Current Heavy Vehicle Finance customer requested finance for an 8 year old Volvo A30D Articulated Dump Truck
- Purchase Price – $150,000 (gst inc)
- In business for 7.5 years
- Equity in equipment – yes
- Director a home owner – yes
- Client’s application details were already on file
- Finance for the full amount of $150,000 (gst inc) was given 2 days later
- Given the age of the truck, the loan was structured over a 3 year period with no balloon payment and a one off payment of $15,000 in month three of the contract
- Client was again thankful for the service we provided them and confirmed that they would continue to come back for all other Heavy Machinery Finance in the future
Below is a list of some Articulated Dump Trucks that our office has provided Commercial Vehicle Finance for in times past:
Please use our Heavy Vehicle Finance calculator to get an idea on what the weekly payments would be on a particular Articulated Dump Truck, by simply inputting the purchase price of the vehicle.
After that, you can proceed towards an instant pre-approval by completing the ONLINE PRE-APPROVAL page on our site. Once your data is received, one of our Consultants will make contact to advise where to from there.