Are you looking to purchase a concrete pump truck for your business or construction project? If so, it’s important to consider all of the costs associated with such an investment. Not only do concrete pump trucks come with a hefty upfront cost, but they also require ongoing maintenance and repair expenses. In addition, financing can be difficult to secure without proper preparation.
In this article, we will discuss the cost of concrete pump trucks as well as tips on how to finance them.
What Is a Concrete Pump Truck?
A concrete pump truck is a large vehicle that is used to transport concrete from the concrete mixing plant straight to the site of construction. It can be used for any concrete or liquid transportation application, such as pouring concrete for foundations, driveways, and roads.
Concrete pump trucks are a very efficient way of getting concrete on-site in less time and with fewer resources. The concrete is quickly poured and ready for use in no time at all.
How Much Does a Concrete Pump Truck Cost?
Concrete pump trucks can be purchased brand new or used, and the cost will vary depending on the make, model, and features. Generally speaking, brand-new concrete pump trucks range from $150,000 to upwards of $500,000, depending on size. Used machines will be significantly cheaper, starting at around $50,000 for a decent model.
In addition to the purchase price of the concrete pump truck, you should factor in the cost of insurance and regular maintenance. This can add up quickly and should be taken into consideration when budgeting for your truck purchase.
To give you an idea of how much you should prepare for a concrete pump truck, here are the pricing ranges for some of the most popular brands:
- Schwing concrete pump truck: $150,000 to $300,000
- Putzmeister concrete pump truck: $200,000 to $400,000
- Junjin concrete pump truck: $50,000 to $250,000
- SANY concrete pump truck: $100,000 to $500,000
- Liebherr concrete pump truck: $300,000 to $600,000
Additional features and attachments can also affect the cost. Features could include concrete mixers, concrete buckets, and concrete spreaders, which can add anywhere from $5,000 to $20,000, depending on the model.
Tips For Financing a Concrete Pump Truck
When it comes to financing a concrete pump truck, there are several options available. Here are some of the most popular:
1. Bank loans
Banks often offer special loan packages for businesses that are purchasing concrete pump trucks. It’s important to shop around for the best interest rates and terms when applying for a loan.
2. Leasing
If you aren’t ready to make the purchase just yet, leasing could be a better choice for your needs. It’s especially beneficial when needing a truck for occasional projects or shorter time periods.
3. Equipment financing
Many equipment suppliers offer financing options to help customers purchase their equipment. This can be a convenient and cost-effective option if you don’t want to apply for a loan or lease the concrete pump truck.
4. Government grants
If you reside in an area eligible for government grants, it is definitely worth researching to see if any funds can be acquired for the purchase of a concrete pump truck. In Arizona, for example, the Arizona Department of Transportation offers grants that cover up to 80% of the concrete pump truck cost.
No matter which financing option you choose, it’s important to research all the different options available and make sure that you are getting the best possible deal. For many small to medium business owners, equipment financing can provide the most cost-effective solution for big-ticket machine purchases.
Need Help Financing a Concrete Pump Truck?
Charter Capital can help. Our team of expert financial brokers can provide you with competitive financing options and help you find the right machine for your needs, no matter what industry you are in. We can help you obtain as much as $1,000,000 in equipment financing through the over 20 reliable financing partners in our network.
The Charter Capital team has been doing this for over 40 years now, so you can trust that we have the experience and knowledge to get you the best financing terms.
Contact us today to learn more about concrete pump truck financing options. We’ll be happy to discuss your situation and provide you with the best solutions.