Can I get truck financing?

Common questions

Can I finance a truck with new authority?

Yes. New authority owners get approved every day. You usually need more money down, often 20% or more, and you will pay a higher rate than a carrier with 2 or more years of history. A strong down payment and clean bank statements matter most.

How much money do I need to put down on a semi truck?

Used trucks usually need 10 to 20% down. New trucks run 20 to 30%. If your authority is under 2 years, plan on 20% or more. A bigger down payment lowers your payment and helps you get approved.

What credit score do I need to finance a truck?

Many lenders like to see 650 or higher. You can still get approved in the 600 to 649 range, and sometimes under 600, if you put more money down. A larger down payment is the main way to make up for a lower score.

Is there a minimum price to finance equipment?

For this lender, yes. Each single piece of equipment must be at least $15,000. That minimum is per piece, so you cannot combine two cheaper trucks or trailers into one loan to reach it.

Does this checker run my credit or ask for my email?

No. There is no email gate, no account, and no credit pull. You answer 6 questions and see your result on this same page. If you want a real approval, there is a separate 2 minute form with no credit pull.

Why are some states not eligible?

This lender does not run its program in every state. If your business is in an excluded state, the checker will tell you and suggest talking to a local bank, credit union, or equipment finance company instead.

Guides to help you get approved

Plain-language reads on down payments, credit, new authority, and more.

• How Much Down Payment Do You Need for a Semi Truck?See the real down payment numbers for used trucks, new trucks, and new authority.Read guide
• Semi Truck Financing With Bad CreditMinimum scores and how a bigger down payment can make up for bad credit.Read guide
• Truck Financing With New AuthorityYes you can finance with new authority. Here is what changes and how to prepare.Read guide
• Box Truck Financing for New AuthorityA lower-cost way in. No CDL needed under 26,001 lbs.Read guide
• Trailer Financing for New AuthorityHow trailer loans work, including the per-piece minimum you need to hit.Read guide
• First-Time Truck Buyer RequirementsCDL, down payment, bank statements, business entity, insurance. The full list.Read guide
• Hotshot Truck FinancingPickup plus gooseneck. A lower-cost first step into trucking.Read guide
• How to Get Approved for a Truck LoanClean bank statements, the right truck, and a down payment ready to go.Read guide
• Zero Down Semi Truck Financing: The TruthExtremely rare for new buyers. What it really costs when it is offered.Read guide
• Equipment Financing for New AuthoritiesA plain overview of how equipment financing works for a new authority.Read guide