Water Trucks are used on Mine Sites for the construction of roads or to keep down the large amount of dust thrown up by Heavy Machinery. Mine spec Water Trucks have additional hardware and software installed, so these trucks can be used on mine sites. Often clients come to us looking to finance an older model of truck but with brand new upgrades to make it mine spec’d.
- Referred client came to us requesting finance for a used 10 year old Water Truck that had recently been upgraded to mine spec
- Client could not source finance elsewhere due to the fact that the purchase price of the Water Truck was higher than any Red Book Value
- Purchase Price – $170,000 (gst inc)
- In business for 3 years
- Equity in equipment – yes
- Director a home owner – yes
- One page application taken over the phone by a Senior Finance Consultant
- Last two years financial statements requested
- Approval of $170,000 (gst inc) was granted for three days later
- Collateral Security taken over another Water Truck client owned outright
- Customer was happy that we could get this deal across the line, as they had so much trouble elsewhere
Just to name a few Water Trucks that we have provided Commercial Lease Finance for are as per below:
Many clients are referred to our office by either existing customers or specialist Heavy Equipment dealers. However, others have been directed to us through web sites such as Truck Sales, Truck World , Pickles Auctions, Ritchie Bros Auctions or Manheim Auctions.
If you are looking for specialist assistance with respect to your next Commercial Vehicle purchase, please contact us on 1300 788 740 for an obligation free assessment of your funding scenario.