How Do I Finance a Dump Truck in Virginia?

If you own your own business or want to start your own dump truck business in Virginia, you may need to purchase a dump truck. Buying a dump truck in Virginia is no different than in any other state, as no special laws exist for the finance of the specialty truck. As with a dump truck purchase in any other state, you have your choice of financing options, and you can even shop around for the best interest rates and terms.

Instructions

1

Finance your dump truck through the dealer or truck sales company. For example, if you want to buy a new Ford dump truck from a Virginia Ford dealer such as Wynne Ford, you can finance directly through the Ford dealer. For the credit application, you will need your business name; if buying through a business, you'll need the business address, type of business, business tax ID number, date of organization, your name, your address, your social security number and disclosure of any bankruptcy filings in the previous 10 years.

2

Use a specialty finance company, such as Advance Truck Capital, Capital Funds Leasing or Vitality Finance Group, to finance your dump truck. These types of finance companies specialize in financing for commercial trucks and specialty trucks. For the credit application, you need your business name; if buying through a business, you'll need the business address, type of business, business tax ID number, date of organization, your name, your address, your social security number and disclosure of any bankruptcy filings in the previous 10 years.

3

Visit a bank in your area of Virginia to apply for a personal or business loan to finance your dump truck purchase. Some banks with locations in Virginia include Wachovia, BB&T, Chevy Chase Bank, First Virginia Bank and Burke & Herbert Bank. For the credit application, you need your business name; if buying through a business, you'll need the business address, type of business, business tax ID number, date of organization, your name, your address, your social security number and disclosure of any bankruptcy filings in the previous 10 years.

4

Put your purchase on a credit card, if you have a card with enough available credit and an interest rate that is better than what you have been offered for a loan or other financing.