Wholesale used dump trucks are available for sale with special
discounts and dealer financing in this unstable economy. These
wholesale used dump trucks are manufactured by Peterbilt,
Kenworth, Freightliner, Mack, Sterling, Ford, Volvo and Western
Star.

Cash buyers have the best opportunity to acquire a dump truck at its lowest wholesale price. Additionally, there is many repo and off lease truck programs that offer special financing for the applicant without good personal credit.

. Whether you are a start up or a seasoned business, the first logical place to
investigate your dump truck acquisition and its related financing is at your local
bank. Many banks have repos dump trucks that they must recondition and release
quickly. For the repo process, the lender will offer low down payments and
easier lending qualifications. For conventional financing, the seasoned business
must have at least mid 600s in their credit scores and be prepared to go through a
lengthy paper process. Prior Year Tax Returns may be required, current personal
financial statements needed and various other requests.

For conventional financing, 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. The lender will consider a repo and/or off lease used
dump truck for the start up as long as it makes sense to the lender.

On the loan and lease programs for the dump truck applicant, they must
investigate whether the bank and/or financial institution considers this a qualified
asset which they will lend on. Most lenders like this type of asset but others may
specialize 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. Loans
and leases usually run anywhere between 36 -60 months based upon the age of
the heavy dump truck.

The front money to commence the lending vehicle, the monthly payments and the
buyout clauses at the end of the lending instrument, if there is one, is paramount
in making a prudent business decision. 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 personal financial statements needed, and other key documents either prepared and /or requested. This program is usually geared for the seasoned business. These application lending programs run as high as $50,000.

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

The last thing you should be aware of is dealer/financing inventory
programs. What this means, all types of lenders have 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 an excellent buying and financing opportunity.

As of July 1, 2010 the economy is still in a funk mode and lenders have taken
back used dump trucks repossessions back by the droves. Lending in the financial
markets has become very tight and the qualifications for prospective customers
extremely difficult. The repo dump truck market offers the start up and seasoned
business an excellent opportunity. Cash buyers have the best opportunity to
acquire a dump truck at the lowest wholesale price.

front money, the monthly payments, what collateral is required, and what the
buyout clauses mean. Also, make sure you have a good source of income
coming from a contract and/or other methods.

2005 Kenworth W900 w/2005 J &
J 16 1/2 Ft
Aluminum Dump Body

Year.....2005
Make.....Kenworth ..
Model........W900
Stock #9140

Mileage...........316,070 current miles
Hours.....7,835
FAWR.........14,320 #
RAWR..........59,200 #
GVWR.........73,520 #
Color.............Green