Dump Truck Specials For Sale, Off Lease and Repos, Dealer Financing. Part 1

8/14/2019 Dump Truck Specials For Sale, Off Lease and Repos, Dealer Financing. Part 1

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Jaguar Equipment LeasingJaguar Equipment Leasing

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Dump Truck Specials For Sale, Off Lease and Repos, Dealer

Financing. Part 1

There are many alternatives in obtaining off lease and repo dump trucks for sale

with special dealer financing. Whether you are a start up or a seasoned business,the first logical place to investigate your financing is at your local bank. This may

be pleasurable if you have many contacts at your bank but most peopleusually don't have these types of connections. The seasoned business must have atleast mid 600s in their credit scores and be prepared to go through alengthy paper process.

Prior Year Tax Returns may be required, current personal financial statementsneeded and various other requests. The start up business must have a credit score

properly 680 or higher and will have a much smaller success rate in obtaining bank financing. The business start up is a high risk factor and must adhere to higher lending standards.

Most banks offer loan and/or lease programs. The difference is that the loan program transfers title at the end of the payment obligation, whereas the leasingcomponent offers a rent type environment during the course of the lease with a buyout option at the end of the lease period to take title. Usually, the monies requiredupfront to acquire a loan are higher and eliminates many candidates. The Leasingarena requires anywhere from usually first and last payment to approximately 20%down depending on the type of industry financing is requested for.

On the loan and lease programs for a dump truck applicant, the applicant mustinvestigate whether the bank and/or financial institution considers this a qualifiedasset which they will lend on. Most lenders like this type of asset but others mayspecialize in other industries such as medical and transportation such as limos,limo buses, ambulances etc. Some Lenders will only lend up to ten years based

upon the age of the truck where others may extend beyond this parameter. Loansand leases usually run anywhere between 36 -60 months based upon the age of thedump truck.



The dump truck applicant is seeking a relationship with the lender no matter whether it is a start up or seasoned business. The front money to commence thelending vehicle, the monthly payments and the buyout clauses at the end of thelending instrument, if there is one, is paramount in making a prudent businessdecision. The amount of paperwork and hoops to jump through to get to end of the

financing process are considered in the total evaluation process.As we discussed above, there can be a lengthy paperwork process to obtain your financing. Recently, some of the lenders have changed their computer qualification models and require application only programs

This means there are no income tax returns required, time consuming personalfinancial statements needed, and other key documents either prepared and /or requested. This program is usually geared for the seasoned business Theseapplication lending programs run as high as $50,000.

It is important for the dump truck applicant to check out all the lending programsavailable. The collateral is the dump truck and usually no additional collateral isrequired. The minimum credit score required for all dump truck applicants mayrun as low as 600 for conventional financing.

The last thing you should be aware of is dealer/financing inventory programs.

What this means, the lender has repos and/ off lease inventories that they

want to move for cash flow purposes. This financing arrangement is geared to

the start up as well as seasoned business and may offer the dump applicant anexcellent buying and financing opportunity.

As of March 1, 2010 the economy is still in a contraction mode and lenders havetaken back dump trucks repossessions back by the droves. Lending in the financialmarkets has become very tight and the qualifications for prospective customersextremely difficult. The repo dump truck market offers the startup and seasoned

business an excellent opportunity for the buyer to obtain a deal combining theacquisition and the financing.

When you are shopping for dump truck financing, consider the following, thefront money, the monthly payments, what collateral is required, and what the

buyout clauses mean. Also, make sure you have a good source of incomecoming from a contract and/or other methods.

Happy hunting for your dump truck and its related financing..

CALL FOR DETAILS 800-760-6863



www.jaguarequipmentleasing.com/dump-trucks.htm

CHECK OUT SOME DUMP TRUCK SPECIALS BELOW. CALL FOR

DETAILS OR EMAIL ME AT [email protected].

2003 PETERBILT SEVEN AXLE DUMP TRUCK …………$55,000

STOCK NUMBER C- 66442003 PeteCAT C 15Eaton fuller 18 speed18 foot Aluminum bed18,000 front axle

(4) pusher axle at 11,00044,000 rear axle429,930 miles

Location.........Missouri

http://www.jaguarequipmentleasing.com/dump-trucks.htm

mailto:[email protected]

http://www.jaguarequipmentleasing.com/dump-trucks.htm

mailto:[email protected]



2006 Kenworth Quad Axle Dump Truck……….$.71,500

Model: 17' Dump BodyChassis Make: Kenworth

Chassis Model: T800Stock #: C11363

Description: 17' DUMP BED, 44" SIDES, ELECTRIC TARPMileage: 179,964 mi.Hours: - -Engine: Cummins ISM

Horsepower: 385 hpTransmission: 8LL

GVWR: 88,000 lbsPrice: $ 71,500

Location:

(F.O.B.)

Missouri



2006 Kenworth Quad Axle Dump Truck….$79,975

Year......2006Make.......Kenworth

Model.......T800Stock #.......C5016 Mileage..94,940Hours..4,087FAWR.......18,000RAWR.......62,000GVWR.........80,000Color.........White

LOCATION…….MISSOURI,



Chasis Specs... Engine.....Cummins ISL Diesel, 350 HP Transmission..........Eaton Fuller 8LL

Front Tires. 385/65R22.5Percentage....70%Axles........QuadRear Suspension..ChalmersRear Tires.......11R22.5Percentage....70%Type Axle..Steerable Axles: 2Tag/Pusher Tires....255/70R22.5 @ 70%Wheels..........AluminumFuel Tank..........100 GallonsAir Conditioning........YesDifferential Lock.......Yes

Engine Brake.........Yes

Body Specs

Year.........2006Make..........Ox BodiesModel....18 Ft Steel Dump Body Controls.....In CabAttachment.......Electric TarpBed Size...........18' L x 8' W x 4' TDouble Frame.......No

Wheel Base...........278"ECM Mileage..........94,940



2003 Peterbilt 357 w/2003 J & J 171/2 Ft

Aluminum Dump Body……..$55,000

Make…………..PeterbiltModel……………357Stock #...............C 5645Mileage……… 387,018

FAWR………… 16,450RAWR………. 63,000 #GVWR…………79,450#Color …………. Brown

LOCATION ..MISSOURI



Chassis SpecsEngine ……………. Cat C-12 Diesel, 380 HP

Transmission……………Eaton Fuller 8LL

Front Tires……………… 315/80R22.5

Percentage…………….60

Axles……………………….TriRear Suspension…………..Air Ride

Rear Tires……………… 11R24.5

Percentage…………………70%

Type Axle…………………… Tag Axles: 1

Tag/Pusher Tires……….. 315/80R22.5 @ 70%

Fuel Tank…………….. 90 Gallons

Air Conditioning……………..YesDifferential Lock………………Yes.ENGINE Brake……………….Yes

Body Specs

Year………………….2003Make………………… J & J

Model………………… 17 1/2 Ft Aluminum Dump Body

S/N……………………….. TA16822

Controls………………… In CabAttachment……………….Electric TarpBed Size………………… 17 1/2' L x 8' W x 5 1/2' T

Double Frame……………YesECM Miles…………… 389,593

Wheel Base………………260”



2006 Peterbilt 379.......$93,500

Make: SteelModel: 17' Dump Body

Chassis Make: PeterbiltChassis Model: - -

Stock #: C689139Description: 17' Elliptical Dump, 20k Steerable Pusher, Dual Cleaners

Mileage: 76,388 mi.

Hours: - -Engine: CAT

Horsepower: - -Transmission: 10-speed

GVWR: 86,000 lbsPrice: $93,500

Location:(F.O.B.)

Missouri,

Dump Truck Specials For Sale, Off Lease and Repos, Dealer Financing. Part 1

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