Get funded even with credit challenges
Canadian contractors rely on dump trucks to keep jobs moving—excavation, aggregate, demolition, municipal work, winter sand. If your personal or business credit took a hit, you still have options. Mehmi sells equipment directly and structures dump truck financing for real-world cash flow: loans, leases, in-house approvals, and equity-unlock strategies that help you secure the truck you need now.
Start by pricing your monthly payment with the Equipment Financing Calculator, then choose the structure that fits your operation.
What lenders look for (and how we help)
Bad credit doesn’t end the conversation—it changes the structure. Underwriters weigh the asset, your contracts, cash flow, and contribution.
- Time in business & cash flow: Clean 3–6 months bank statements help even if scores are bruised.
- Asset strength: Late-model tri-axle or tandem dumps with good records improve terms. Confirm on Eligible Equipment.
- Down payment or equity: A sensible contribution—or equity from another unit via Refinancing & Sales-Leaseback—offsets risk.
- Work on the books: Letters of award, route schedules, or POs from GCs lean your file in the right direction.
- Structure flexibility: Leases with buyouts, secured loans, or In-House Financing can bridge gaps a bank won’t.
Explore industry context on Construction & Contractors and Transportation & Trucking.
Your main paths to approval
- Equipment Loan. Own from day one; predictable amortization and CCA depreciation. See Equipment Loans.
- Equipment Lease. Lower monthly via residual; buyout or upgrade at term end. See Equipment Leases.
- Sale-Leaseback (Refi). Convert equity in a paid or partially paid truck into cash, then lease it back. See Refinancing & Sales-Leaseback.
- Equipment Line of Credit. Pre-approved limit for staged purchases (second dump, pup trailer, attachments). See Equipment Line of Credit.
- Secured or Asset-Based Facilities. Leverage collateral or receivables alongside the truck. See Secured Loan and Asset-Based Lending.
- Working Capital Add-On. Fuel, insurance, tires, and early maintenance. See Working Capital Loan.
- Repair Financing. If a mid-life overhaul beats replacement, use Truck Repair Financing to preserve cash.
Bad-credit playbook at a glance
| Profile |
Typical Contribution |
Likely Product |
Helpful Documents |
Notes |
| Startup with contracts |
10–20% (or equity via sale-leaseback) |
Lease with modest buyout; In-House |
Letters of award, route schedule, bank statements |
Use residual to lower monthly and preserve cash |
| Bruised credit, strong cash flow |
10–25% (or collateral) |
Secured loan or lease |
3–6 months statements, equipment quote/specs |
Consider ABL for receivables to smooth seasonality |
| Equity in existing iron |
Low cash outlay |
Sale-leaseback + new lease/loan |
VINs, photos, ownership, payoff letter |
Unlocks cash for down payment and onboarding |
| Near-prime, limited history |
10–15% |
Loan (longer term) or lease |
Clean statements, insurance broker details |
Term selection balances monthly vs. total cost |
Loan vs lease vs sale-leaseback
| Structure |
Ownership Path |
Monthly Cash Flow |
Tax Treatment (Typical) |
Best When |
Watch-Outs |
| Equipment Loan |
Title in your name from day one |
Moderate (fixed amortization) |
Interest + CCA depreciation |
Keeping the truck 5–10 years |
Higher monthly vs leases; less refresh flexibility |
| Equipment Lease |
Use now; buyout/return at term |
Lower (residual reduces payment) |
Often expensed (structure-dependent) |
Cash-flow priority or frequent upgrades |
End-of-term buyout planning required |
| Sale-Leaseback |
Sell owned unit; lease it back |
Immediate liquidity |
Payments expensed |
Unlock equity for deposits or payroll |
Consider impact on future equity position |
Run each scenario in the calculator before you decide.
How to model your payment correctly
- Enter the truck price (new or used tri-axle/tandem) and include taxes/fees if rolling them in.
- Test 48/60/72-month terms to balance monthly affordability vs total interest.
- For leases, add a reasonable buyout (e.g., % residual) to reduce the payment while retaining a path to ownership.
- If you’re adding a pup or second dump in stages, compare an Equipment Line of Credit against separate contracts.
- If an overhaul (engine/transmission/brakes) keeps you productive this season, compare repair financing vs replacement in cost-per-hour terms.
Documentation that speeds a 24–48h decision
- Government ID, void cheque, business registration/HST
- 3–6 months bank statements (personal if startup)
- Truck specs: year, make, model, kms, VIN, photos; any service records
- Insurance broker contact and target bind date
- Contract list or letters of award for upcoming work
Send your file through Contact Us and our credit analysts will structure the strongest approval path.
Real client story: winning the season with a blended structure
Profile: Small Ontario excavating firm with prior slow-pay incident during off-season.
Need: Late-model tri-axle dump to service two new subdivision contracts; cash needed for gravel, diesel, and drivers.
Structure: We used a sale-leaseback on an owned tandem to fund the deposit, then a lease on the tri-axle with a modest buyout to keep monthly payments lean. A small working capital top-up covered insurance and tires.
Outcome: Truck delivered before mobilization, cash buffer intact, and revenue stabilized through peak months. After 14 months of clean performance, we refinanced the buyout on improved terms.
FAQs: Dump truck financing with bad credit
Can I get approved with bad credit?
Often, yes. We’ll lean on the asset, contracts, contribution, and structure. In-House Financing can help unique files.
Do you finance used tri-axle and tandem dumps?
Yes—subject to year, mileage, and condition. Start at Eligible Equipment and browse our Inventory.
Is leasing cheaper than a loan?
Leasing usually lowers the monthly via a residual; loans may minimize total interest if you’ll keep the truck long-term. Compare both in the calculator.
What if my cash is tight for a down payment?
Use Refinancing & Sales-Leaseback on an existing unit, or pair a sensible contribution with a Secured Loan.
Can I add money for fuel, insurance, or tires?
Yes. We routinely package a Working Capital Loan alongside the truck facility.
How fast can I be approved?
With a complete file, many approvals turn in 24–48 hours, subject to credit and asset review. Start via Contact Us.
Ready to price your dump truck?
Run your numbers in the Equipment Financing Calculator, compare Loans vs Leases, or use a Sale-Leaseback to fund the down payment. Feel free to contact our credit analysts—Mehmi sells equipment directly and can finance it on terms that fit your seasonality and growth plan.
Are you looking for a truck? Look at our used inventory.
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