Water Trucks play an integral role in the construction of many roads around the country and are currently in high demand based on the various Federal and State Government projects currently underway throughout Australia. We have dealt with plenty of Water Truck deals in times past and have an excellent success rate in helping out both our existing and new Civil Construction clients.
Example Funding Scenario
- Civil Works Contractor was seeking to purchase an additional Iveco Water Truck in order to full-fill road a Road Construction project.
- Purchase Price – $260,000 (gst inc)
- Clients Bank Manger declined the deal as the figures could not service the loan.
- Self employed for 3 years
- Equity in equipment – yes
- Director a home owner – yes
- A one page application taken over the phone.
- We requested the last two years financials from clients Accountant.
- In addition to the figures one of our Senior Finance Consultants prepared a cash flow forecast along with mitigating commentary.
- A finance approval was granted one day later for the full $260,000 (gst inc).
- 100% of the purchase price was granted, allowing customer to preserve cash flow holdings.
- Security was the new Iveco Water Truck.
- Client was able to move on the purchase of the Truck quickly, even though the Bank Manager had said no.
- This meant that the client was able to maintain good working relationship with the large Civil Construction Company they contracted to.
- Many thanks were given to our office for supplying such a great outcome for the customer.
Below is a list of Water Trucks that we financed in times past:
Please do not hesitate to call on 1300 788 740 to discuss any funding scenario relating to the purchase of a new or used Water Truck. If you are busy working during office hours, you can submit your details on our contact us page and someone will contact you at a time you nominate.
If you would like to get an idea on weekly payments relating to a Water Truck you are looking to purchase, please input the purchase price into our Truck Finance Calculator.