What is a Truck Loan?
Do you want to buy your own truck as an owner-operator? Or are you a small business owner who needs a truck for operations? We provide access to a wide range of commercial truck loans for semi trucks, boom trucks, pickup trucks, trailer trucks, bucket trucks, water trucks, dump trucks, and more. Financing solutions are available for purchase, refinance, lease, or repair of new and used trucks. Ask our lenders how they can help you with your truck financing needs.
Buying a commercial truck is made easier with financing. You don’t need cash to purchase a truck outright, you can apply for truck financing to do that. Notably, a truck loan is easier to secure because the truck itself serves as collateral for the loan. Aside from the type of the truck, your financing terms would depend on how old your vehicle is.
Brand New Truck
You can buy a brand new truck from a dealership, private seller, or auction. Be sure to obtain a quote containing details about the truck: its model, make, mileage, year, serial number, pictures, and condition report. Submit this written quote to the lender.
When you buy an older truck, you save more on the purchase price. Just be sure that your truck is in decent shape and its age won’t pose a problem to financing. There are lending companies who specialize in financing older trucks in good working condition.
Find a Lender
We will help you find truck financing at rates and terms reasonable to you and your business. Contact one of our lenders and talk about your current need and personal situation. Find out how you can get approved for a commercial truck loan today.
Truck Loan Articles
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