Is anyone going to be able to finance a concrete pump ? We have excellent credit plenty of work and the banks are scared to loan any money on pumps rite now,even putz cant getm financed are we gonna see the end of some of these manufacturers ? they can sell all they want, if there is no financing how many out there can or will pay cash ? in these times I do not believe there will be to many willing to part with that kind of cash,will these guys have bitten there nose off to spite there face ? I hope they feel the economic bind they have put alot of pump companies in,in the end they will have been there own worst enemy, I know there is lots of companies that were put out of business because of the sale tactics some used and I hope you all will have the chance to see what comes around goes around and I do believe there time is coming

I think manufacturers will be foreced to self finance more now than they did before. My opinion, even worse.

well were is the work at pudge maybee i can get a job

hey got you covered with a company that knows that putz is a good bet, i will get the number for you tomarrow and send it to your e-mail because the information is a trade secret ha ha

I would be interested to hear what  those guys have to say >>>------>

??? You must be trying to get a brand new machine? if you simply need another pump, there is some un-real deals rightnow on 2~3 year old pumps. They're the same pumps you were refering to above. They've done mostly residential work so they still got paint in the hopper and 90% boom-pipe. Its alot easier to finance an amount when you cut the amount in half.  

My guess is that Pudg was making a point on

HOW SCREWED THINGS ARE NOW

and perhaps a little who & why

The Money Source is still doing concrete equipment! 888-844-1405

got-rocks

How has the tightening of credit affected the % of down pmn't and qualifications to secure financing?

It will all come out in the wash. For the last few years, guys with new pumps have been popp'n up left and right. Foundation contractors, finishers and RM outfits. Now there's too many pumps out there and in the hands of the wrong people. I am all for small buisness and someone starting a pump company otherwise mind your Own business.  

T.T.

WOW! someone must have peed in your Wheaties>or something< What got you going? Go shoot something with your new hand cannon, you will feel better ;~)

I'm not sure who it was exactly but somebody peed in the whole box!...<where's my soap box?>... This is a business and an industry, not a club that you join by purchasing a piece of equipment. Some people have no "business" with a concrete pump. 

A local finisher decides he's gonna buy a pump and pump all his own mud and make a million$$$. Gets himself a brand spank'n new 'o5 36, all chromed out, flame-job & matcing fuzzy dice. Even not knowing how or what to charge for his new finishing tool, he kicks ass for a year. Things slow down and he realizes he has to pump jobs besides his own so he starts doing jobs for $500.00!!! $400.00 cash!!!...yes I said 36m........Meanwhile A respectable Man who I've worked for thats been in business over 20 yrs. is down-sizing and has sold a pump that I once loved & ran. But he still gets top $$$ because he is a business any will make it through hard times....  Flame-job on the other hand, has'nt turned a tire for several months, I noticed there is not one stick of boom pipe on it due to his $16 per hour finisher/operator and you can imagine what this poor machine looks like! Its a cry'n shame...

A person that has no "business" with a concrete pump. I guess Flame-job peed in my wheatys Bob. Keep an eye out for a real pretty blue and white 40m headed to the Port of Miami enroute to Brazil. Thats a cry'n shame!!!

Soon enough the "Flame-job 36m" will end-up auctioned off for LESS than what the 40m sold for!!?? Its a Big A$$ mess!!!

The % down on used equipment is usually only 2 payments. If someone if looking to buy new equipment, they will have to come up with bigger down payments to bring the finance amount down to "market value". And as that market value drops with all the late model, decent used stuff on the market, that % down will remain larger. With so much used equipment selling for good prices, lender's reason "Why buy new?"

Warranty, peace of mind.

A major breakdown on a pump that is out of warranty and you are in the going out of business, business. New pumps are cheaper today too.

Are you in the finance business?

What IS the 'market value'? Is it current value or future value. How is it depreciated for loan purposes? How much more are buyers having to pay up front?