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Dump Truck Financing FAQ

Dump Truck Financing FAQ

We get asked a lot of questions about financing a dump truck, so we created this article to help answer questions before they arise.

  • How Long Can You Finance a Dump Truck?
  • How Do You Finance a Dump Truck?
  • How Much Does it Cost to Lease a Dump Truck?
  • How Do I Start a Dump Truck Business?
  • Is the Dump Truck Business Profitable?
  • How Much is Insurance for a Dump Truck?
  • How Much Does a Dump Truck Charge Per Hour?

How Long Can You Finance a Dump Truck?

Financing duration varies on many factors, including credit score, the value of the dump truck, down payment, interest rate, and more. The longest case scenario would be a financing arrangement that lasts the entire dump truck’s useful life, but since that is hard to estimate, wanting to pay for longer than 60 months you would most likely want to obtain a lease instead.

How Do You Finance a Dump Truck?

To finance a dump truck, you would need to get into contact with a financing company that specializes in the field. Fortunately for you, our business partner TopMark Funding has relationships with over 25 different funding sources to make sure that you get the best terms possible for what you want.

First, we do a soft credit pull so we can determine your creditworthiness with no harm to your credit score, then we propose terms with our lenders and work to get you the dump truck you need for your business!

How Much Does it Cost to Lease a Dump Truck?

Leasing generally works as a pay-as-you-go plan, meaning that the more the dump truck depreciates from use, the more you pay. Ways to lower the cost of leasing include:

  • Leasing an older vehicle – With less to depreciate, the costs of using an older vehicle tend to be less, although an older vehicle tends to be less reliable than a new counterpart and may lack some newer bells and whistles like satellite radio.
  • Be responsible for repairs – A lease contract that says the lessor is responsible for maintenance will charge more for leasing than one that says you are responsible. This can be a risky decision, though, as a catastrophic repair may run more than the cost of the more expensive lease, and you would be contractually obligated to repair it.
  • Buy out the lease – Some lease contracts allow the lessee to purchase the asset if they want to keep it, either after or during the contract. By purchasing the asset outright after giving it a “test drive”, you can keep the dump truck for as long as it runs.

In conclusion, there is no straight answer to the cost of leasing a dump truck. Do your research and understand the terms of your contract before signing anything.

How Do I Start a Dump Truck Business?

In order to start a business in running a dump truck, you need to fulfill all the paperwork to establish a business, plus extra for the specific business. Depending on the state in which your business exists, you may need:

  • A standard business license. Depending on the business type, this is either paid annually or every few years. A sole proprietorship is the cheapest and quickest to establish.
  • A fictitious business name license. If your business has your own name in it (“Stevenson‘s Gravel Hauling”), you do not need to pay for a fictitious business name license. For the ability to name your business whatever you want (“Gravity Gravel” or “#1 Topsoil”), prepare to pay a little extra.
  • Sales tax ID. For each state you operate in, you will need to collect and pay sales tax at regular intervals, which could be annually, quarterly, or monthly depending on how much revenue your company makes. Even if you operate solely in the state for your business, you will need to establish a sales tax ID with the state. Some states charge no sales tax.

Beyond these, every driver of a dump truck is required to have a Class B commercial license. This does not need to be the owner of the business necessarily, but the owner would not be able to operate the dump truck himself, which can prove to be an obstacle to business growth.

Finally, as an additional option, you can get the required endorsements to haul more dangerous materials, such as radioactively contaminated soil requiring a Class 7 endorsement. To learn more about hazardous materials and their endorsements, is a helpful website. Note that is a privately-owned website of information and is not owned by any state’s Department of Motor Vehicles. For specifics, contact your state’s own DMV.

Is the Dump Truck Business Profitable?

With construction always happening in the United States, there will always be a demand for raw material delivery such as stone, dirt, and sand. It is up to you to set your rates for pickup and delivery, fulfill the job in a cost-effective manner, and succeed. With a $19 billion market size that is expected to consistently grow around 2% each year, there is never a shortage of customers.

How Much is Insurance for a Dump Truck?

The cost of insurance on a dump truck depends on many factors such as the experience of the driver, the location where the dump truck operates, the value of the dump truck, and the amount of liability coverage. Usually, a dump truck company will want at least $1,000,000 worth of liability coverage, but some smaller businesses can get by with $500,000.

Have you considered worker’s compensation insurance if you have employees? There is more than one type of insurance your business may need! To learn more about the different types of commercial truck insurance, check out our article.

There is no silver bullet insurance solution. The only way to get a quote for your specific scenario is to contact an insurer and provide them with the details necessary for a quote.

How Much Does a Dump Truck Charge Per Hour?

Again, that depends on a variety of factors. This time the answer is dependent on factors such as the location of the business transaction, the material being transported, and the quantity of materials. The only way to know for sure is to call a local dump truck service and ask them about details, where they will offer you a bid.


Dump trucks are fascinating creatures. While not as heavy or powerful as Class 8 trucks that haul freight across the country, dump trucks form an important cornerstone in society by being the units that bring raw materials to and from the construction site. With its ability to deliver raw materials quickly and easily, their services will be in demand for a very, very long time.