International HV Series Fleet Financing

Vocational trucks sit in a different financing category than line-haul equipment, and the International HV Series is about as deep into vocational territory as Class 8 gets. The HV is purpose-built for severe-service applications: dump bodies, concrete mixer drums, roll-off hoist systems, and crane mounts are its primary uses. GVWR configurations run from 43,000 to 66,000 pounds depending on axle count and frame spec. That mass, combined with body upfitting costs that often exceed the chassis price, pushes total project costs well above what a standard commercial loan application covers.

Fleet managers financing HV equipment need a lender who understands why a truck with a 50,000-pound GVWR and a paver-spreader body looks different on paper than a sleeper tractor. The asset itself, the chassis plus the installed work body, is the collateral, and properly structuring that collateral value is what gets deals funded that conventional bank underwriters decline on sight.

International designed the HV to replace the older WorkStar and PayStar lines, consolidating the severe-service market into a platform that shares cab architecture with the LT Series but carries purpose-built frame rails, axle options, and PTO provisions for body-driven equipment. The HV600 carries the widest range of axle and suspension configurations, including lift axles and pusher axles for weight distribution on tandem and tri-axle dump applications.

Power comes from the International A26 engine, a 12.4-liter unit producing between 430 and 475 horsepower depending on calibration, paired with Allison or Eaton Fuller transmission options depending on the application. Concrete mixer fleets typically run automatic transmissions for driver ease in urban stop-and-go cycles. Dump and vocational operators in rougher terrain often prefer the Eaton Fuller manual for its durability under sustained high-torque loads.

The financed value on an HV includes the upfitted work body, which matters. A chassis sitting at $130,000 with a steel dump body installation and tarp system may land at $175,000 to $200,000 as a complete financed unit. We underwrite the total project cost, not just the bare chassis price, which is the only approach that makes sense for operators putting a working body on a working truck. Fleets running concrete operations often pair the HV with concrete mixer truck financing for their full-drum units.

The typical HV fleet buyer falls into one of a few clear categories. Construction contractors who need dump capacity for excavation and site fill work are the most common. They are running two to ten units, replacing equipment on a rolling cycle, and they need financing that does not require months of back-and-forth with a bank underwriter who has never seen a tri-axle dump on a financial statement.

Ready-mix concrete operations buying mixer-body HV trucks are another major segment. The mixer body is a significant portion of the total financed value, and operators who are expanding capacity to cover new pour contracts need to close quickly, not wait six weeks for a conventional commercial lender to approve a truck that the market will sell to someone else.

Municipal contractors and government sub-contractors buying HV units for road maintenance, utility work, or waste handling are also common in our HV portfolio. These operators often have solid contract backing and predictable cash flows but complex business structures that trip up standard bank applications. We look at the operating picture, not just the credit score box. Operators in the construction sector can also review our construction fleet financing programs that cover the broader equipment picture beyond the truck itself.

HV transactions typically run between $100,000 and $250,000 per unit once the body is included. Single-unit deals in that range are common, and so are blocks of three to five trucks being added to an existing fleet. For single units and small blocks, application-only underwriting covers most situations up to $400,000 total. Bank statements and business financials come into play for larger blocks or for operators with credit complexity that requires more context.

Term lengths on HV vocational equipment typically run three to five years. Longer terms are available on newer units with lower mileage and documented service histories. The monthly payment on a five-year term for a $175,000 financed truck will be higher than a comparable line-haul unit at the same financing cost because vocational trucks have higher maintenance profiles, but the per-unit revenue from dump or mixer contracts typically supports that payment structure.

Operators who already carry existing HV units with equity can explore cash-out truck refinance to pull working capital from the fleet without selling the trucks. That structure is common for operators who need a deposit on a new dump contract or want to fund a mixer body upfit without taking on unsecured revolving debt. We also support fleet sale-leaseback for operators who own HV equipment free and clear and need immediate liquidity.

The HV Series is one option in International's vocational lineup, and many fleets mix HV units with medium-duty MV equipment for jobs that do not require Class 8 capacity. The International MV Series covers Class 6 and Class 7 applications including service bodies and smaller utility builds, and it finances separately from HV equipment or as part of a combined fleet facility.

For fleets expanding into dump operations beyond their current HV count, dump truck fleet financing covers the broader category including other manufacturers and configurations. This matters for operators who are agnostic on brand and want to fill capacity quickly from whatever the used market offers.

Tell us about your HV project, whether it is one truck with a dump body or a block of mixer units. We put together a financing structure that covers the chassis and the body, keeps the timeline short, and does not require you to explain vocational trucks to an underwriter who only knows line-haul. Most deals fund in one to two weeks.

Can the upfitted body cost be included in the financed amount?

Yes. The work body, whether a dump body, mixer drum, or crane mount, is part of the total financed value. We underwrite the complete truck as delivered and upfitted, not the bare chassis alone.

I need to finance five HV dump trucks for a new construction contract. What does that process look like?

Five units in the $175,000-$200,000 range each is a block that will likely require bank statements and a business overview alongside the application. We review the contract context as part of the underwriting picture. Timeline to approval is typically one week once documentation is complete, with funding following shortly after.

Can I refinance an HV fleet I financed three years ago at a higher rate?

Yes. Refinancing vocational equipment to restructure the payment or pull equity is straightforward as long as the trucks are in good working condition and not significantly upside down on value. We will review current payoff amounts and current market value to determine what a refi makes sense at.

My business credit is thin because we operate under a new entity. Does that block HV financing?

New entity credit is a common situation in the construction and concrete sectors where operators restructure for liability purposes. We look at the principals' background, the business operating history under prior entities if applicable, and the nature of the contract driving the equipment purchase.

Do you finance HV trucks purchased at auction?

Yes. Private-party and auction purchases are eligible. We need documentation confirming clear title on the unit and a bill of sale. The truck's age and condition factor into approval terms, but buying at auction does not disqualify a deal.