Dump Trucks, wheel, track, skid steer loaders, excavators, new and used, acquisitions are available for sale in this recession with conventional financing. This economy has given the start up and seasoned business a tremendous buying opportunity. As the construction season has heated up, there are truckloads of construction trucks and equipment waiting for buyers.
The best deals come in the form of cash buyers who can control their purchase price with the power of cash. Conventional financing is available to businesses that have good and/or excellent credit.
The makes and models of trucks and equipment include Peterbilt, Kenworth, Sterling, Gehl, Mack, Komatsu, Case, Caterpillar, JCB, John Deere, Kobelco, Volvo, International etc.
For those who have good credit, they have the opportunity to apply for application only programs. These construction financing programs offer the applicant financing on construction equipment and truck acquisItions with minimal paperwork. Usally the summary page of the last three months business bank statements plus the signed and dated application is the required paperwork. The application only programs run up to $50,000 to $75,000. Additionally, the applicant must be in business for a minimum of two years.
For those applicants looking for more than $50,000-$75,000, the lenders require full documenation. These full documentation programs offer the applicant a great rate and flexible buyout terms. Below is the minimum requrements that the applicant must obtain in order to achieve this level of financing. Usually, lenders will go up to $250,000 or possible more of qualified new and used construction financing.
General Credit and Other Paperwork Qualifications for dump trucks, excavators, track, wheel and steer ski loader Financing
Time in Business More than Two Years
Personal Credit Score 650 or higher
Copy of your 2008 business tax return
Copy of the owners 2008 personal tax return
Summary page of your last three months business bank statements
A hauling reference
A copy of an invoice detailing seller information and complete specs on the construction truck and equipment
In this economy, lenders are looking for a healthy balance sheet with a decent average balance in the bank account.
The types of construction trucks and equipment that are available include boom trucks, cement and concrete trucks, concrete pump, cranes, compactors, dump trucks, excavators, backhoes, asphalt pavers, chipper, cement silos, etc
In conclusion, construction financing, new and used, is available to qualified applicants. These special financing arrangements are available to good and excellent credit candidates. Usually the credit qualifications should be 650 or higher and they should be in business two or more years.
In addition there are alternatives for applicants without good credit. These involve secondary financing for repos and off lease equipment. The lender needs to move these inventories and great buys and financing can be located in this special area. The credit scores start in the low 500s and the down payments are minimal.
Happy hunting for your dump trucks, excavatos, skid steer, track loader and wheel loader financing.
www.cclgequipmentleasing.com/lease_construction.htm
Check out these Partial Specials.. Hundreds Available…..
BANK OWNED
| 2007 | GMC | 6500 | $28,100.00 | Dump Truck | |
| 2007 | GMC | 6500 | $28,100.00 | Dump Truck | |
| 1997 | INTERNATIONAL | 4600 | $9,506.00 | Dump Truck | |
| 2006 | INTERNATIONAL | 7500 | $55,777.00 | Dump Truck | |
| 2000 | KENWORTH | T800 | $37,741.00 | Dump Truck | |
| 1989 | KENWORTH | W900B | $15,193.00 | Dump Truck | |
| 2006 | MACK | CT713 | Dump Truck | ||
| 2006 | MACK | CT713 | Dump Truck | ||
| 1996 | MACK | RD686 | $21,268.00 | Dump Truck | |
| 1996 | MACK | RD686 | $6,075.00 | Dump Truck | |
| 2006 | PETERBILT | 357 | $66,822.00 | Dump Truck | |
| 2003 | PETERBILT | 379 | $48,648.00 | Dump Truck | |
| 1996 | PETERBILT | 379 | $22,960.00 | Dump Truck | |
| 1988 | PETERBILT | 379 | $8,296.00 | Dump Truck | |
| 2007 | PETERBILT | 379 | $77,891.00 | Dump Truck | |
| 2008 | PETERBILT | 388 | $97,842.00 | Dump Truck | |
| 2008 | PETERBILT | 388 | $97,842.00 | Dump Truck | |
| 1991 | PETERBILT | T/A DUMP TRUCK | $9,259.00 | Dump Truck | |
| 2007 | STERLING | LT9500 | $64,860.00 | Dump Truck | |
| 2005 | WESTERN STAR | 4900FA | $46,000 | Dump Truck |
1998 Caterlpillar……Location ..Missouri……S31,900
1998 Caterpillar….Location…..Missouri.. Sales Price….$33,000
1998 Caterpillar……Location. . Missouri.. Sales Price…$38,000
1996 Caterpilar…Location… Missouri… Sales Price..$45,400
2007 Gehl.. Location.. Missouri. . Sales Price….Call
1995 Caterpilar Excavator…..Location… Missouri..Sales Price….$33.000
Year…….1995
Make………Caterpillar Excavator
Model……….320L
Stock #……..4362
Hours………..4952
Color………….Yellow
Cab………Erops
2000 Caterpillar Excavator…315BL……Sales Price……$38,500 LOCATION ……Missouri…..Year…….2000
Make………Caterpillar
Model……….315BL Excavator
Stock #……..7007
Hours………..4173
Color………….Yellow
Cab………Erops
Engine…………Cat 3046 Diesel, 99 HP
Transmission………..Hydrostatic
Tires / Tracks……….28″
Percentage…….50%
Drive…………..Hydrostatic
Air Conditioning……Yes
Max Reach………28′ 8″
Lift Capacity……..5,150# Over Side, 20′ Radius @ Grd
Max Digging Depth………..19′ 10″
Tail Swing Radius……….8′
Approx. Wt……….36,200#
