Dump Truck Equipment Leasing may fall under the more general leasing category of Heavy Equipment Leasing (meaning, dump trucks are classified as heavy equipment like bulldozers, backhoes, and excavators) or Commercial Equipment Leasing. The numbers show that more than $3 billion in construction equipment (like dump trucks) are leased annually by US companies alone. Why pursue Dump Truck Equipment Leasing?
Some companies opt for Dump Truck Equipment Leasing because they are trying to expand the business and need their existing cash flow for this. Others may choose Dump Truck Equipment Leasing because their existing equipment suddenly failed to function (due perhaps to old age or defects) so they need functional equipment quickly to keep operating. Dump Truck Equipment Leasing is also good for companies that want to gain a financial edge over their business rivals by being able to reap savings thru leasing equipment (as opposed to buying.) Dump Truck Equipment Leasing would probably appeal to contractors in the construction business that will always need dump trucks (whether to deliver materials or to cart away construction project debris.)
If you get lucky or are just plain smart about choosing a lender, you might be able to get a Dump Truck Equipment Leasing arrangement customized to your business situation. This is very important because businesses (even those in the same industry) may experience different business cycles, and cash flow patterns, while company owners may have different ideas of what constitutes as a sufficient budget. Construction projects are sometimes seasonal in nature, so you need a Dump Truck Equipment Leasing arrangement which can give you the flexibility of adjusting payments to the months when business is peaking and you can afford the payments on the Dump Truck Equipment Leasing arrangement.
Some lenders may offer a very quick processing time (maybe even as fast as 24 hours sometimes) which gives company owners who are in a hurry an advantage for acquiring their dump trucks quickly. If you have the right documentation on hand, you could find yourself signing your Dump Truck Equipment Leasing contract fairly soon after submitting the leasing requirements.
Be sure though that the leasing options the Dump Truck Equipment Leasing arrangement you enter into has the right provisions you were seeking. For instance, if you are expecting to purchase the dump truck after the lease term has been completed, look carefully through the contract to make sure that that stipulation is there.
Also, verify with your company accountant if your corporate income stands to gain via deductions from such a Dump Truck Equipment Leasing arrangement. This would probably be dependent on some tax laws or business tax conditions that only accountants may be updated about. Ask your accountant to also examine the Dump Truck Equipment Leasing arrangement for the presence of soft costs (like installation expenses, and maintenance and training costs) so that you know if you gain more savings that way – or if you have to pay extra as the case may be
By: Bob Newman
Sunday, January 25, 2009
How to Go About Dump Truck Equipment Leasing
Popular Market of Trailers Industry
As an industry, the manufacture of trailers dates back only half a dozen years, but it has grown rapidly until today there are seventy-five or more trailer manufacturers in the country, and several are exporting to foreign countries.
Trailers are made in a wide variety of types and capacities for all sorts of purposes, ranging from the little pneumatic tired two-wheel trailer of 500 pounds capacity, to be attached behind runabouts and touring cars, to ten-ton and fifteen-ton trailers and semi-trailers, hauled by powerful tractors and motor trucks. These include car haulers, dump trailers, utility trailers, equipment trailers etc. Size is one of the main considerations while looking for a trailer. The maximum towing capacity and maximum tongue weight of your tow vehicle are limiting factors.
Utility trailers are of great use for both home owners and contactors as well. These multipurpose utility trailers are available in varied sizes so as to cater to your specific requirements like for lifting lawn mowers, vehicles, golf carts as well as ideal for hauling small equipment too. Car haulers are used for specific purpose of hauling your vehicles, including personal car or racing car. Apart from car haulers, another variety is equipment trailer which are used to transfer skid loaders, excavators, and small tractors. Dump trailers are used for small purposes at homes as well as for commercial purposes. These types of dump trailers are available in various types of models, sizes and weights.
The use of dump trailers has been gaining in popularity as one of the most cost effective means for handling tear-off removal. Licensing fees, insurance costs and maintenance expenses associated with a dump truck are astronomical in most parts of the country. The use of dump trailers is a more cost effective and more versatile method for handling tear-off debris.
A gooseneck trailer is also an important variety of trailers that has been introduced especially for heavy loads and towing of equipments as these trailers have an enhanced stability and tighter turning of radius.
By: Angelia
Forklift Bucket Attachments, Including Self Dumping, Snow, Fertilizer
A bucket attachment slips onto the front of a forklift or a skid-steer, transforming it into a device for a specialized application. Depending on what application it is intended for and also on heavy equipment brand and model, it features either a universal fit or quick tach attachment. With the right set of bucket attachments, one or two fork trucks or skid steers is all you need to run an operation where multiple, specialized tasks must be performed safely and quickly. Just a few of these applications follow.
Forklift bucket attachments eliminate the need for loaders. Their smaller, streamlined design allows them to access hard-to-reach places where loaders cannot go. Quick tach bucket attachments are ideal for loading sand and gravel, and they can also be used at the end of the day for construction site cleanup. In extreme northern climates, they are routinely employed to move snow. Universal, "slip over the forks" buckets are excellent loaders for elevating roof gravel to the tops of buildings. They can also be used to unload the roof area of tear off trash. When crews need to backfill high walls, a universal fit bucket is usually the preferred tool of choice.
Forklift self-dump bucket attachments transform forklifts into loaders. Designed to slip over the forks of any modern fork truck in a matter of minutes, these buckets require no hydraulics and no modifications whatsoever to the fork truck. These buckets are ideal attachments to use for loading loose materials. The ½ cubic yard capacity makes this bucket attachment ideal for landscape work, masonry, and for moving small quantities of dirt, sand, gravel, mulch, and top soil. It is also particularly useful as a clean-up tool at the end of the day,
Different designs exist for different applications, so each skid steer bucket attachment varies according to its use. Dirt moving models have lower sides and back to make loading and unloading easier. Snow and light material buckets, along with fertilizer buckets, can handle significantly more volume. Utility buckets and cotton seed bucket attachments are deeper in order to hold more contents and to avoid spilling them. All five models can be fitted with optional heavy duty teeth and bolt on blades to increase their pickup power and to prolong their lifestyle in situations involving excessive wear and tear. The newest design, the ribbed-bottom or "skeleton" bucket attachment, has become very popular very quickly in applications that require sifting smaller debris and dirt away from larger materials being loaded and transported.
Root Grapplers let you do more than simply load and pile logs and brush. They make it easy to move bulky, hard-to-handle materials safely and quickly. After major hurricanes, tropical storms, and tornados, they are the best choice for demolition and cleanup of storm debris. One of the biggest benefits they offer is their ability to sift out dirt when moving larger piles of trash and heavy dirt. Utility lines and cables remain safe because the tines of a root grapple bucket attachment curve upward and outward to prevent accidental snagging.
A concrete placement bucket attachment is one of those simple tools that work better than a complicated one. It has no moving parts and no chute to tear up. The simple design makes it easy to use, and its extra high back makes it splatter proof so it won't waste materials.
By: Camille Howe
Obtaining Dump Truck Financing
There are many alternatives in obtaining dump truck 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 experience if you have many contacts at your bank but most people usually don't have these types of connections. The seasoned business must have at least mid 600s on their personal credit scores and be prepared to go through a lengthly paper process.
Prior year income tax returns may be required, current personal financial statments needed 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 and financial institutions offer loan and/or lease programs. The difference is that the loan programs transfers title at the end of the payment obligation, whereas the leasing component offers a rent type environment during the course of the lease with a buy out option at the end of the lease period to take title. Usually, the monies required upfront to acquire a loan are higher and eliminates many candidates. The Leasing arena requires anywhere from usually first and last payment to approximately 20% down of the dump truck cost.
On the loan and lease programs for a dump truck applicant, the applicant 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 dump truck. Another factor to consider in the financing area, many dump trucks are what they call conversions. The chasis of the dump truck and./or the road truck may be given a new dump box. Obviously this dump box is new but the chasis could be as old as ten years old. Lenders are particular in this area and may not accept a converted dump truck. Obviously, please check with your lender to ascertain their lending guidelines.
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 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 lengthly paperwork process to obtain your financing. Recently, some of the lenders have changed their computer qualification models and accept application only programs. This means there are no income tax returns required, time consuming personal fianancial statments needed, and other key documents either prepared and /or requested. This program is usually geared for the seasoned business but there are start ups applications programs available as well. These application lending programs usually run from $20,000 to $250,000. It is important for the dump truck applicant to check out all the lending programs available. The collateral of the financing is the dump truck and usually no additonal collateral is required. The minimum credit score required for all dump truck applicants may start as low as 575.
The last thing you should be aware of is dealer/financing inventory programs. What this means, the lender has repos and/of a 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 execellent buying and financing opportunity.
When you are shopping for dump truck financing, consider the following, the 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. Remember, whatever lending program you select, there is more than likely a personal guranatee required.
Happy hunting for your dump truck and its related financing
By: Rick Reed
Accidents Involving Heavy Duty Dump Trucks and Passenger Vehicles Can be Avoided
Even with a limited number of things to move, your car can be too small and it will take many trips to get all things to another place. Launching American Truck Buyer has been somewhat of an adventure, and although we have not covered even one percent of our grounds yet, things are moving rapidly. We have established ourselves on the Internet and are quickly becoming known in the business. Working advertising for trucks and trailers in the entire 50 states as our main source of revenue our company is doing well. Our entire sales team is excited and everyone is fighting for the top position as salesmen of the month. As we get out there more and more the name will grow synonymously with the word trucking.
There are a few common problems that many Truckers come across with the motorists.
1. Peek-a-boo! - Now you see them, now you don't. This peek-a-boo game is very troublesome to truckers. Large trucks have several blind spots which make it hard for the drivers to see other motorists who like to hang out there. The best thing that you can do is either pass the truck or stay a comfortable distance behind them. When in doubt, check for the trucker's side view mirrors. If you can see them, then chances are that they might be able to see you too.
2. Brake this habit – Many of us at one point or another gets stuck behind a large truck. So the most logical step would be to change the lanes to pass the truck away. No problems with that ... the problem lies in a vehicle cutting back into the truck's lane right in front of them, then braking for a turn or just slowing down, period. What most motorists don't take into account is that truckers need a lot of space in order to slow down, at least two to three times the amount of passenger vehicles.
3. Teaching a lesson - Some drivers of passenger vehicles like to try and "teach" truckers a good lesson. Several times drivers think that the big Trucks and Trailers are either going too rapidly or slow. So they'll speed up to pass the trucker and then get back in the trucker's lane and slow down. Many parents tell their kids, "Worry about yourself," and it would be smart for other motorists to heed that advice. Leave it to the troopers and policemen to enforce the laws of the road.
4. Back up and try again - In this day and age of technology, people are more accustomed to instant results and hate waiting for anything. Unfortunately, when big trucks have to back into a space, it may take a few tries to succeed. Motorists should appreciate the fact that these trucks are bigger than they are and let the truckers do their job. Patience can be a virtue!
By exercising a little of that common sense, many accidents involving Heavy Duty Trucks and Passenger vehicles could be avoided. That old adage, "It is better to be Safe than Sorry," certainly applies here!
By: Bruno Raschio
