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Develon DX350 Excavator Financing

Finance a DEVELON DX350 excavator with equipment loans, leases, or sale-leaseback. B/C credit considered, app-only approvals to $400,000, fast approval.

Production rate is the whole argument for a 35-ton machine. The DEVELON DX350 weighs in at roughly 79,000 lbs, outputs approximately 247 horsepower through its Stage V diesel, and moves material at a pace that justifies the step up from the 22-ton class on the right job. Mass excavation, large utility main installation, high-volume cut-and-fill sections, and aggregate loading all reward the machine that can carry a larger bucket and dig with more force per cycle. The DX350 does that work.

New DX350 units run from roughly $380k to $500k in current dealer markets. Used units with three to five thousand hours trade from $200k to $350k depending on configuration. Both price tiers qualify for our financing programs. Application-only financing covers transactions up to about $400k, which handles a portion of the DX350 market. Larger deals move through full-doc underwriting, which we can structure without making it complicated. DEVELON equipment, formerly sold under the Doosan name, is recognized by lenders who have underwritten these machines for years under both brands.

DX350 Specs and Production Applications

DEVELON's DX350 runs a Perkins or equivalent Stage V engine depending on the production year and market configuration. The hydraulic system is electronically controlled with load-sensing logic that manages pump output to match demand across multiple circuits simultaneously, which matters on a machine that may be running swing, travel, and boom circuits at the same time in a production excavation cycle. Digging depth on standard configuration is around 22 feet, bucket capacity runs from 1.3 to 1.8 cubic yards depending on application, and the swing bearing and travel motors are sized for the heavy-cycle duty the machine is designed to sustain.

Grading and earthwork contractors on large commercial development projects, highway interchange construction, and industrial site preparation use the DX350 because the production math favors a single larger machine over two smaller ones for mass material movement. The larger machine moves more cubic yards per hour with one operator, one fuel budget, and one maintenance program. Aggregate and quarry operators run machines in this class for face loading operations where the bucket fill factor drives daily output directly.

DEVELON's IT suite is standard on current DX350 production. The Fleet Management portal provides real-time GPS tracking, fuel consumption data, engine hours, and diagnostic alerts. For a contractor managing multiple job sites, the telematics data reduces the supervisor travel required to verify machine utilization and flag maintenance needs before they become downtime events.

Financing Numbers on a DX350

A $420k DX350 financed over 60 months carries a monthly payment that requires substantial contract revenue to service without cash flow strain. Most contractors who finance a machine at this level have multi-year contract coverage or active project backlogs that provide the payment confidence lenders look for. Bank statements showing consistent, adequate monthly deposits are the clearest signal that the deal works. Three months of statements that show revenue in the right range typically close this deal without controversy.

Used DX350 units at $250k or below may qualify for the application-only path even at full price. At $250k over 60 months, the payment comes down to a range that a mid-size earthmoving operation manages comfortably within its project revenue. Used excavator financing on DEVELON equipment follows the same straightforward process and carries the same lender support as new unit transactions.

For contractors with a DX350 already on the books, a Sale-Leaseback is a way to convert equipment equity to working capital. If the machine is unencumbered and worth $300k, the leaseback provides $300k (minus fees and advance rate) in cash while the machine stays on the job site earning revenue. That structure has funded mobilization costs, second equipment purchases, and seasonal cash flow gaps for contractors across the industry.

Who Needs the DX350

The DX350 buyer is a contractor who has outgrown the 20-ton class on certain jobs and knows it. The projects are bigger, the bid volume is higher, the haul trucks are larger, and the schedule demands more cubic yards per shift than the DX225 class delivers. Mining operations running pre-strip or overburden removal, oil and gas site work contractors building pad sites in active basins, and major commercial development contractors all encounter this threshold.

The other DX350 buyer is the contractor who wants to step up the fleet capability without going all the way to a 50-ton machine that requires special haul permits and changes the job site footprint substantially. The 35-ton class is the largest machine that travels on most standard lowboy configurations without requiring oversize/overweight permitting in most states, which makes fleet deployment simpler.

Apply for DX350 Financing

Big machine, real project, financing that moves. Submit your application and let us work the financing team to get the right structure back to you. Decisions on most files come back within 48 hours.

Q&A

Questions operators ask.

Practical answers before you send a full file.

The DX350 I want is above $400k. Can you still finance it?

Yes. Transactions above $400k move into full-doc underwriting, which adds business tax returns (typically two years), a personal financial statement from all guarantors, and sometimes a personal return. Those deals take a bit longer, usually 10 to 14 business days from full submission to term sheet. The approval path is workable for established businesses with documented revenue.

How does the DX350 compare to a CAT 336 or Komatsu PC360 for financing?

The CAT 336 and Komatsu PC360 are direct competitors in the 35-ton class. All three finance through similar programs with similar lender appetite. The key difference is brand preference and dealer proximity. Financing terms are driven by borrower credit profile and transaction size, not brand choice, so the machine decision should come down to the machine itself.

Can I refinance a DX350 that I financed two years ago to improve my rate?

Yes. Equipment refinancing is available when the outstanding balance is reasonable relative to current machine value and the credit profile has improved since the original transaction. We need the current payoff statement and an estimate of current machine value to evaluate the deal. If the numbers support it, a refinance can lower the monthly payment or shorten the remaining term.

Is an FMV lease or a loan better for a DX350 at this price point?

At $400k and above, the difference between an FMV lease and a loan can be meaningful in monthly cash flow terms. The FMV lease has a lower payment because you are not amortizing full ownership value. If you plan to return or upgrade the machine at lease end, the FMV lease is the right choice. If you want to own the machine outright, the loan is cleaner. Your tax advisor can weigh in on which produces the better tax outcome for your situation.

What documentation proves the machine is in good condition if I am buying it used?

A pre-purchase inspection report from a certified mechanic or dealer service center is the gold standard. It documents the condition of the undercarriage, boom and stick welds, main pump output, final drives, and bucket curl cylinder, which are the components that most affect used machine value. Lenders often accept higher advance rates on used machines with clean inspection reports compared to uninspected units.

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Send the excavator class, purchase price, hours, seller type, and how soon the unit needs to be on the job. We respond with a practical structure instead of a generic rate sheet.

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