Finance a Liebherr T 284 ultra-class haul truck with structured terms for the world's largest mining operations. New and used units, B/C credit welcome.
The Liebherr T 284 sits at the top of the payload pyramid for diesel-electric haul trucks, carrying a nominal 363 metric ton payload per cycle. At that scale, the truck is not just an asset, it is a unit of mine-plan infrastructure. One T 284 running 5,000 hours per year moves an enormous volume of ore and waste, and its availability drives the production calculus for the entire digging fleet it serves. Financing a machine at this level requires a lender who understands what the asset does, what it costs to rebuild, and how to structure terms around a machine that may have a replacement value in the range of several million dollars even after years of service.
We work with operators and mining companies on T 284 transactions, covering new unit purchases, acquisitions of used machines from other mines, sale-leaseback structures, and refinancing of owned units to release capital. Our starting minimum is $50,000, but T 284 deals are structured at a very different scale. Larger transactions involve a financial review process, and funding typically closes within one to two weeks of a completed application. Our broaderLiebherr financingprogram covers the full heavy mining line, and operators who run both the T 264 and T 284 in the same fleet can often consolidate their financing relationship. For a side-by-side on the two truck models, see our page onLiebherr T 264 financing.
What Separates the T 284 From the 240-Ton Class
Liebherr introduced the T 284 as an ultra-class truck capable of matching the loading rate of the largest cable shovels and face shovels without the truck count required by smaller-payload units. The rated payload of 363 metric tons is achieved with a gross vehicle weight in loaded condition exceeding 600 metric tons. The drive system uses two MTU 20V4000 diesel engines producing a combined output of approximately 4,000 horsepower, coupled to a Liebherr-designed AC electric drive system with individual wheel motors at the rear axle.
The truck's bed volume is designed to match the bucket volume of large cable shovels loading in three passes. This three-pass loading standard is important operationally because it optimizes shovel-truck matching and minimizes the number of trucks required to keep a shovel fully occupied. Fleet sizing calculations for ultra-class operations are sensitive to small changes in truck availability, which is why T 284 operators take machine health monitoring seriously. Liebherr's LiDAT system provides payload per cycle, speed over ground, fuel consumption, and component health data in real time.
Used T 284 units from major producers in Chile, Australia, and North America occasionally appear on the secondary market. Condition varies significantly, and the component hours on engine, drivetrain, and structural components are what determine real residual value. We finance used T 284 units when documentation of component condition is available and an independent appraisal supports the collateral value.
Extracting Capital From Trucks You Already Own
Mining companies that own T 284 units outright or with minimal remaining debt have the option to monetize that equity without selling the machine. Asale-leaseback transactiontransfers title to a lender at an agreed value and immediately establishes a lease agreement under which the operator retains full use of the truck. The proceeds from the sale portion fund the equity release, and the operator makes lease payments over the agreed term. At term end, the operator typically has a buyout option.
This structure is particularly useful for mining companies that need to deploy capital into new mine development, crusher replacement, or haulage road upgrades without taking on new unsecured debt. The truck's equity funds the investment; the truck keeps running. We have structured these transactions for operators across the hard-rock and coal sectors.
A cash-out refinance is a related path for operators who have an existing note on the truck but substantial equity. We evaluate the current payoff, the machine's current market value, and the operator's financial profile to determine what new financing can generate in net proceeds while keeping monthly debt service rational. Ourcash-out equipment refinanceprogram covers this structure in detail.
Where the T 284 Works
The T 284 is an ultra-class truck designed for the world's largest surface mines. The operations that field these trucks in meaningful numbers are copper porphyry mines in Chile and Arizona, iron ore operations in the Pilbara of Western Australia, oil sands in Alberta, and large gold operations in Nevada and elsewhere. Contract mining companies that provide fleet services to these producers also acquire T 284 units as fleet investments tied to mine-life contracts.
In the United States, the Morenci and Bagdad copper operations in Arizona and the Bingham Canyon operation near Salt Lake City in Utah are examples of the mine-scale at which ultra-class trucks make economic sense. Nevada gold operations in the Carlin Trend and the Battle Mountain district run large truck fleets, though some have historically favored smaller payload classes depending on pit geometry and shovel configuration.
For operators inSalt Lake City, UTorElko, NV, we have financed equipment serving the regional mining sector before. Knowing the geographic and industry context helps us structure transactions that match the operational reality of your site, not a generic equipment purchase. Ourcopper mining equipment financingpage covers the broader industry context for copper operators in particular.
Start a T 284 Financing Conversation
Large truck financing takes a lender who has seen this equipment before. Tell us what you have, what you need the transaction to accomplish, and the production context. We will respond with a real structure, not a form letter.