TRUSTED BY CIVIL, MINING & PRIVATE CONTRACTORS

DUMP TRUCK FINANCE AUSTRALIA WIDE

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The only Finance Broker dedicated to Earthmovers
  • New & Used Dump Trucks
  • Low Doc Dump Truck Finance Available
  • Dump Trucks up to $2mil +
  • Same Day Callbacks
  • Dealers, Private or Auction Sellers

Dump Truck brands we finance every day

I KNOW WE'RE GETTING THE BEST DEAL POSSIBLE

Byron Peet
Founder, Trackworks Design Pty Ltd

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GRADE-PRO CIVIL PTY LTD
James was great to deal with. He did all the work making it a very easy process to get my finance application approved. He took the time and effort to understand my business which resulted in getting a much better deal than I was offered through another broker. His communication is also great, meaning I never had to ask where the application was at, he kept me informed at all times. I can’t recommend James highly enough and will be using his services next time I purchase machinery.
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SCHLUTER PASTORAL CO. PTY LTD
No fluff speak to get your business, James gets straight to the point and will tell you the likely outcome before going to application. Its not only about obtaining the best interest rate, but the ease of the application. I have engaged James for the last 4 machinery acquisitions and will be for the future.
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TRACKWORKS DESIGN PTY LTD
We’re a heavy machinery business and went through a few brokers before we found James, we wish we’d found him sooner. He not only secured us financing for a Dozer we thought was a stretch to apply for but the documentation was handed back to us clearly outlined for our bookkeeper/accountants. We couldn’t recommend James enough.
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SEQ TOWING SERVICES
Hands down you won't go past James absolutely perfection when is comes to getting you the best rates and turn around time. The communication was the best and follow up after has been up and beyond. Thanks James mate the best in the business.
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RED DIRT HAULAGE PTY LTD
James Allan from Machine Heavy Equipment Finance always provides an outstanding service when assisting us with our business equipment requirements. He provides a personalised yet highly professional service.
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IBS POOLS & EXCAVATIONS
I've known James for over 7 years and his service is outstanding knows my Business requirements and always brings the best deal forward, I highly recommend James he's the best Broker I've worked with in 40 years. Regards Jennifer Trafford
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COASTAL CABINETS SUNSHINE COAST
Highly Recommend. James has provided his service to my business for many years on multiple machinery purchases. His knowledge of the industry is outstanding and makes for a swift and effortless process.
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MICHAEL PITCHER - MP EXCAVATING
James was fantastic to deal with kept me up to date the whole way through nothing hidden couldn't recommend him highly enough
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EXPERT ADVICE
With 10+ years experience, we live and breathe heavy machinery finance.
WE NEGOTIATE FOR YOU
With 50+ lenders to choose from, we'll get you the lowest rate.
NO FLUFF
We speak machinery, not bank jargon.
98% SUCCESS RATE
No stuffing around. If we can't get you appoved, we'll tell you straight up.
NO CREDIT RECORD HITS
We approach lenders wisely to protect your credit score.
LONG TERM STRATEGIC PARTNER
We'll connect you with various industry professionals to help you grow.

We keep Dump Truck finance simple. To start, we just need your ID, your ABN and a statement of your assets and liabilities.

Generally speaking, your last two years of financials, individual tax returns, a schedule or register of your current loans (if any), your personal assets and liabilities, recent BAS statements and potentially also tax portals. If you are borrowing in excess of $500,000, we may also need additional items such as aged receivables and payables and some recent bank statements. We can help take the workload off you by contacting your accountants for what we need with your permission. Allowing us to do this for you will also open the door for us to go to your accountant with any queries relating to your financials, so you can sit back and watch it all come together.

You can pay off your loan any time at your request!

Usually, there are no early exit fees. With equipment loans, you just have to pay out your remaining loan balance to get out early. Here's some good news - when you request an 'early payout', most lenders discount some of the remaining interest in your loan balance, so you're saving money. If you ask to pay your loan out within it's first year, some lenders (not all) might charge an 'early termination fee' of a couple of hundred dollars, but it's nominal compared to the interest waived in a payout with some interest waived.

Note that all equipment loans with every lender are fixed interest loans. This means the total principle and interest you'll repay in your loan is fixed, no matter whether you make extra payments each month. Extra payments only speeds up the time it takes you to repay your fixed principle and interest in full. Equipment loans don't function the way home loans do, so you're better off making additional payments towards home loans or any debt that has interest charges calculated monthly on the principle balance owing to save interest there.

To save interest on an equipment loan, request an early payout to access a discount on the fixed interest remaining in the loan. You'll notice a 'payout' figure will be less than your loan balance at that point in time.

All lenders are happy to finance the full cost of equipment without any deposits.
But, if you're a start-up, applying for your first business loan, or buying a unique 'non standard' asset, they might ask for a deposit. In these cases, lender deposits usually start from around 5% and go up to 20% depending on the lender we're engaging and your application scenario. As your brokers, if you have a loan scenario that is going to require a deposit, we can talk to multiple lenders to see who is the most likely to offer up the lowest deposit option, or any alternatives that can help your cashflow.

You can request your loan to run anywhere from 2 to 7 years, but 5 years is the most common. Note that asking for 6 or 7 years is a special request from most lenders and it may only be offered at their discretion depending on the equipment they’re financing for you. Ultimately if we can’t get a 6 or 7 year loan term, we can arrange a balloon at the end of 5 years and this will offer you similar monthly repayments you might expect on 6 or 7 year terms.

A balloon payment is a set percentage of your loan, say 30%, due at the loans very end. Applying a balloon lowers your monthly payments since you're deferring a chunk of the loan to the end. When it's due, you can clear it with cash, or by selling or trading your bulldozer to cover the amount due. While it makes monthly payments lower, it could mean more interest over time, as you're still financing the full equipment cost and paying off your loan balance slower (and being charged interested on a higher principle amount) than you would structuring with no balloon. Essentially, you're delaying part of the total loan payable, not reducing the loan amount like the way an upfront deposit reduces the amount borrowed.

Absolutely, and in fact, we usually recommend doing this up front so you can work out how much money you can finance. This will help you shop for equipment in a price range similar to that of your finance approval amount. Having your finance pre-approved also means you can negotiate pricing on your new equipment with confidence knowing you have finance already arranged. Once you find the equipment you want to buy, we simply need to request a formal tax invoice from the seller, and then we can start the process of having your seller paid.

HOW WE OPERATE

Here's what to expect from us to ensure you get the lowest possible rate as conveniently as possible
01
WE CONSULT
We learn about you and take a deep dive to understand exactly what your business needs.
02
WE PRESENT
We’ll present you with tailored finance options. We ensure you get the best rates for your specific equipment and unique situation.
03
DECIDE TOGETHER
We’ll always explain the pros and cons of our lenders, and decide with you on the best path forward.
04
COMMUNICATE
You sit back whilst we take care of your needs. We'll keep you updated as your loans progress.
05
WE MANAGE
Once approved, we manage your admin - from arranging invoices from your supplier through to getting them paid.
06
YOU COLLECT
After settlement, it’s time to pick up your new equipment from the seller.
07
SUPPORT FOR LIFE
Once your loan is financed, we'll support you with any admin relating to your loans such as, payouts, statements, etc.
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GET DUMP TRUCK FINANCE FROM AUSTRALIA'S EXPERTS