A concrete truck is a vital piece of equipment for any construction business. The cost of a concrete truck can vary depending on the type of truck, the size, and whether you’re buying or leasing. In this blog post, we’ll discuss the cost of a concrete truck, the different types of concrete trucks, and how to finance this purchase.
What Does a Concrete Truck Do?
A concrete truck, also called a concrete mixer truck, is a vehicle that carries concrete from the batching plant to the construction site. The truck has a revolving drum that mixes the concrete as it drives. At the construction site, the concrete is poured into molds to create foundations or other structures.
Different Types of Concrete Trucks
There are several different types of concrete trucks, such as:
Standard concrete truck
A standard concrete truck is the most common type of truck. It has a cylindrical drum that revolves to mix the concrete. The drum is usually made from steel or aluminum. Standard concrete trucks can hold between 8 and 16 cubic yards of concrete.
Volumetric concrete truck
A volumetric concrete truck is a newer type of truck that carries concrete in separate compartments. The truck has sensors that measure the amount of concrete in each one. This allows the truck to deliver a precise amount of concrete to the construction site. Volumetric concrete trucks can hold between 8 and 20 cubic yards of concrete.
Concrete pump truck
A concrete pump truck is a type of truck that has a pump to move the concrete from the truck to the construction site. The pump is usually mounted on the back of the truck. Concrete pump trucks can hold between 20 and 40 cubic yards of concrete.
Factors that can affect your decision on which truck to use include:
- The type of construction project: Standard concrete trucks can be used for small projects, like residential foundations. Volumetric concrete trucks are better suited for larger projects, like commercial buildings. Concrete pump trucks are typically used for very large projects, like bridges or dams.
- The distance from the batching plant to the construction site: If the construction site is far from the batching plant, you may need a concrete pump truck.
- The amount of concrete needed: For large projects, you will need a concrete pump truck. For smaller projects, a standard concrete truck will suffice.
How Much Does a Concrete Truck Cost?
How much does a concrete mixer truck cost? Pricing for concrete trucks can vary depending on the type of truck, the size, and whether you’re buying or leasing. Standard concrete trucks start at around $100,000. Volumetric concrete trucks start at around $120,000. Concrete pump trucks can cost between $200,000 and $300,000.
When financing a concrete truck, there are a few options to consider. You can finance the purchase with a business loan, lease the truck, or rent it. Business loans typically have terms of five to seven years and require collateral. Leasing a concrete truck is a good option if you don’t have the cash to buy the truck outright.
Pricing ranges of leading concrete truck brands:
- McNeilus: $100,000 – $200,000
- Putzmeister: $150,000 – $250,000
- Schwing: $200,000 – $300,000
- Zimmerman: $100,000 – $200,000
- Sany: $100,000 – $200,000
Should You Finance or Lease Your Concrete Truck?
Deciding between financing and leasing your concrete truck depends on a few factors. Let’s discuss them below.
Financing a Concrete Truck
There are a few benefits to financing your concrete truck:
- You own the truck: When you finance your concrete truck, you own the vehicle. This means that you can sell it or trade it in when you’re ready to upgrade to a new model.
- Lower monthly payments: Monthly loan payments are typically lower than lease payments.
- Flexible repayment terms: Business loans typically have repayment terms of five to seven years. This gives you some flexibility in how you structure your payments.
Meanwhile, the drawbacks to financing your concrete truck can include:
- Larger down payment: When you finance your concrete truck, you’ll need to make a larger down payment than you would if you were leasing the truck.
- Risk of depreciation: If the value of the concrete truck depreciates faster than you can repay the loan, you could end up owing more on the loan than the truck is worth.
Leasing a Concrete Truck
Leasing your concrete truck has several benefits too:
- Lower up-front costs: When you lease your concrete truck, you typically need to make a lower up-front payment than you would if you were financing the purchase.
- Flexible terms: Lease terms are typically shorter than loan terms, which gives you more flexibility to upgrade to a new model when your lease is up.
The disadvantages of leasing your concrete truck include:
- You don’t own the truck: When you lease your concrete truck, you don’t own the equipment. This means that you can’t sell it or trade it in when you’re ready to upgrade.
- Risk of mileage overage: Most leases come with a mileage limit. If you go over the limit, you could be charged a fee.
- Risk of wear and tear: If you return the concrete truck at the end of the lease with excessive wear and tear, you could be charged a fee.
Need a Concrete Truck? Charter Capital Can Help
If you’re in the market for a concrete truck, Charter Capital can help. Our experienced finance brokers can work with you to find the best financing option for your needs. For over 40 years, we have been helping businesses big and small obtain the ideal heavy equipment financing partner to fuel their success. It is our mission to get you the best possible financing solution at the most competitive rates.
To learn more about our services or to get started on your financing application, contact us today.