Dump Truck Financing

How Dump Truck Financing Works

We’ve built our financing process for serious business owners who are ready to move fast.

Whether you're purchasing from a dealer, private seller, or auction site — here’s what to expect:

Step 1: Fill Out Your General Profile

Start by answering a few quick questions about you and your business.
No credit check. No pressure. Just enough to understand your goals and get the ball rolling.

Step 2: Complete Your Business & Ownership Profile

Next, you’ll enter a few more details:

• Business name and time in operation (EIN, business address, annual sales)

• Owner information (SSN, % ownership, home address)

• Equipment you're looking to finance

You’ll also upload:

• 3 months of business bank statements

• Driver’s license or CDL

• Bill of sale, invoice, or website link for the equipment

Step 3: We Review & Match Within 24 Hours

Once we have your full profile and documents, our underwriting team reviews everything within 24 hours.

We evaluate:

• Time in business (2+ years preferred)

• Credit score (650+ ideal)

• Monthly cash flow (we look for $5,000+ ending balance)

From there, we match you with a trusted lender that fits your profile and equipment needs.

Step 4: You Get an Approval — Fast

If you're a good fit, you’ll receive an approval with:

• Rate range

• Estimated monthly payment

• Term length and down payment (if any)

From there, it's just a matter of signing docs and getting funded — often within 1–3 business days.

Tip: The more complete your submission, the faster we can move. Uploading bank statements, ID, and invoice upfront helps you skip the back-and-forth.

Dump Truck Financing Rates, Terms & Monthly Payment Estimates

Your rates and terms will depend on a few key factors — but if you’ve been in business for 2+ years, have a 650+ credit score, and average at least $5,000 in your business bank account, you're already ahead of the pack.

Typical Dump Truck Loan Terms

What Affects Your Rate?

We don’t believe in cookie-cutter approvals. Here’s what matters most:

• Credit Score: 650+ opens up lower-rate programs

• Time in Business: 2+ years unlocks better terms

• Cash Flow: $5,000+ in ending bank balance gives you options

• Equipment Type & Age: Newer trucks may qualify for longer terms

Estimate Your Monthly Payment

Use our free dump truck loan calculator to get a quick estimate based on your:

• Truck price

• Loan term

• Estimated rate

Should You Lease or Finance Your Dump Truck?

Not sure whether to lease or finance? Here’s the breakdown:

Dump Truck Loan (Financing)

Best if you want to own the truck long-term.

Pros:

• You own the truck outright at the end

• Can finance new or used dump trucks

• Lower total cost over time

Consider if:

• You plan to keep the truck for 5+ years

• You want to build equity

• You want more flexibility with how you use the vehicle

Dump Truck Lease

Best if you want lower monthly payments or plan to upgrade often. For more dump truck leasing information, check out our Dump Truck Leasing Guide.

Pros:

• Lower upfront cost

• Lower monthly payments

• Easier to upgrade every few years

Consider if:

• You want to preserve cash flow

• You plan to swap trucks often

• You’re using the truck for a specific short-term contract

What's Right for You?

We offer both dump truck leases and equipment loans — and we’ll help you decide based on your goals, cash flow, and tax situation.

Not sure what’s best?
Apply now and we’ll walk you through both options after reviewing your business.

Who Qualifies for Dump Truck Financing?

We work with established business owners who are ready to grow their fleet — not just fill out a form and hope for the best.

Here’s what we look for in an ideal borrower:

Minimum Qualifications

If you meet these — you’re already in a strong position to get approved.

We Finance All Types of Dump Truck Purchases:

• New or used dump trucks

• Dealer or private party sales

• Auction or online inventory

• Titled or non-titled vehicles

• Single trucks or small fleets

What Documents Do You Need?

To get started, just upload:

• 3 months of business bank statements

• Your driver’s license or CDL

• Invoice, bill of sale, or a link to the truck you want

The faster you upload your docs, the faster we can get you approved.

Tip: Even if you’re just exploring options, completing your full profile helps us give you a real offer — not a generic “we’ll be in touch.”

Dump Truck Financing for Start-Up Businesses

Getting a dump truck as a newer business can be challenging — but not impossible. We have specific programs for start-ups that meet certain experience and cash requirements.

Minimum Requirements for Start-Up Financing:

• 18+ months industry experience (construction, hauling, excavation, or similar)

• Less than 2 years in business

• Minimum 20% down payment on the truck

• Interest rates: Typically 12%–20% based on credit, down payment, and truck age

• Maximum financing amount: Based on credit and cash flow, but generally higher than bad-credit programs

Best For:

• Owner-operators who have been working in the industry but recently started their own business

• Contractors taking on their first major equipment purchase

• Businesses looking to build credit history in commercial lending

Pro Tip: Start-up approvals move fastest when you can show steady income from contracts, side jobs, or W-2 work in the same industry.

Dump Truck Financing for Bad Credit

If your credit score is below 625, you’re not shut out of dump truck financing — but you should know what lenders expect.

Minimum Requirements for Bad Credit Financing:

• Credit score: Below 625

• Down payment: Minimum 50% of the purchase price

• Interest rates: Typically 15%–30% depending on the file strength

• Maximum financing amount: $45,000

• Truck age: Generally newer trucks are easier to approve, but we can review older units if they’re in good condition

Best For:

• Experienced operators who’ve had past credit challenges but have steady work lined up

• Businesses with a strong cash position but low credit scores

• Buyers looking to purchase lower-priced trucks without tying up all their cash

Pro Tip: The bigger the down payment, the more likely we can get a bad-credit deal approved — and possibly at the lower end of the interest rate range.

Can I Write Off a Dump Truck Purchase on My Taxes?

Yes — and it’s one of the smartest reasons to finance a commercial truck in 2025.

Thanks to the Section 179 tax deduction, business owners who finance a dump truck can potentially write off up to $1,250,000 of the purchase price — all in the same tax year, even if you didn’t pay in full.

Here’s how it works:

Why Section 179 Makes Financing a Dump Truck Smarter

Most business owners don’t have $150K+ sitting around — and that’s why financing a dump truck (instead of paying cash) while still taking the full Section 179 write-off gives you the best of both worlds:

• Lower upfront cost

• Massive year-one tax deduction

• Keep your cash flow strong

Let’s say you finance a $120,000 dump truck — you may be able to deduct the entire $120K this year, even though you’re paying it off monthly.

Pro Tip: Use This Strategy to Save Big

Many construction and hauling companies use Section 179 to reduce their taxable income, especially when they’re upgrading or expanding their fleet.

This means if you’re on the fence about financing a dump truck, it could literally pay to act before the end of the year.

Need help figuring out your Section 179 strategy? We work with CPAs and lenders who specialize in dump truck financing — even for newer businesses or lower credit scores.

Dump Truck Financing FAQs

Q: What credit score do I need to finance a dump truck?

We recommend a minimum credit score of 650. That puts you in range for better rates and more flexible terms. If your score is close, we may still be able to help — especially if your business bank balance is strong.

Q: How much down payment is required?

Some of our borrowers qualify for $0 down, but most deals require 10% to 20% down depending on the truck’s age, your credit, and the lender's guidelines. The stronger your file, the less you’ll need up front.

Q: How long does dump truck financing take?

Our process moves fast. Once you submit your documents, we typically respond within 24 hours. Funding can happen in as little as 1 to 3 business days after approval.

Q: Can I finance a used dump truck from a private seller?

Yes — we work with dealers, private parties, and even auctions. As long as we can verify the truck and title, we can structure a deal around it.

Q: What documents do I need to apply?

We’ll need:

• 3 months of business bank statements

• Your driver’s license or CDL

• The invoice, bill of sale, or link to the dump truck you want to buy

Pro Tip: Uploading all of your documents upfront speeds up review and approval — sometimes within the same day.