Commercial truck financing.

Class 8 sleepers and day cabs, dry van, reefer and flatbed trailers, box trucks and straight trucks, dump trucks, tow trucks and wreckers, vocational and utility trucks, and yard trucks and spotters, from a single unit to a fleet expansion. Titled and non-titled equipment both qualify, and transactions run from a $15,000 usual minimum to $5 million and above.

Yes. New, used, and refurbished equipment are financed from dealers, auctions, and private sellers. Used equipment is underwritten on its remaining useful life at the end of the term, and a private-party purchase adds a lien search, an inspection or appraisal on larger items, and funds paid directly to the seller rather than through you.

Expect 10% to 15% down on used equipment from a dealer and 15% to 25% on a private-party sale, with a rate roughly one to three points above the same equipment bought new. On a used Class 8, age and mileage are read against the term: a truck that will be ten or more years old at payoff is written on a shorter term, and a clean maintenance history matters as much as the odometer. See the private-party purchase guide.

Many established-business programs start around 600 FICO, and two or more years in business opens the broadest set of programs and the best pricing. Between one and two years narrows the field but stays workable; under one year the file is underwritten as a startup, which typically means 700+ personal credit, relevant industry experience, and working capital left after the purchase. Most trucking programs prefer two or more years in business under the same entity; owner-operators adding a second or third truck are among the strongest files we see.

The score alone rarely decides it: cash flow, the equipment, and money down all move the answer. Full detail is in the qualification guidelines and the credit score guide.

Equipment finance agreements run 24 to 84 months and leases 24 to 60 months, with $1, 10%, or fair market value buyouts. The term cannot outrun the equipment's remaining useful life, so used equipment is often written on a shorter term than new.

Tractors and trailers hold value and run for years past a 60-month term, so most owner-operators and fleets finance them on an equipment finance agreement and own them outright. A TRAC lease can lower the payment on tractors and trailers by setting a residual up front; it fits fleets that turn units on a schedule. The lease vs. loan guide runs one machine through every structure with real numbers.

Most applications get a first response within 1 to 2 business hours, with same-day options on qualified files and approvals in as little as 30 minutes on clean application-only files. Funding follows in as little as 24 to 48 hours once documents are signed.

Application-only decisions, with no tax returns or financial statements, are available up to $500,000 on qualifying files; above that, expect a full financial package. The application starts with a soft credit inquiry, which does not affect your score. On a truck purchase, have the quote or listing, the VIN, and mileage ready; that is usually all a first response needs.

New equipment from a dealer commonly closes with 0% to 10% down, and $0 down is available for qualified buyers. Used trucks from a dealer typically run 10% to 15% down; private-party purchases 15% to 25%. Startups and first-time owner-operators usually put money down under any structure. A larger down payment is also the most reliable way to turn a borderline file into an approval.

Usually, yes. For 2026 the Section 179 limit is $2,560,000 of qualifying equipment, phasing out above $4,090,000 of purchases, and bonus depreciation is 100%. New and used equipment both qualify, and financing does not change the deduction: equipment bought on an equipment finance agreement or a $1 buyout lease with nothing down is deducted the same as a cash purchase, as long as it is placed in service by December 31.

On a fair market value lease the funder owns the equipment, so you deduct the payments as rent instead. Run the estimate in the Section 179 calculator and confirm the treatment with your tax advisor.

Box trucks and straight trucks are usually financed on an equipment finance agreement. You own the truck from day one and pay it off with a fixed monthly payment over 24 to 84 months, with the term limited by the truck's remaining useful life. We finance new, used, auction and private-party trucks.

When the box and liftgate come with the truck, they're part of the amount you finance, and soft costs like delivery or an extended warranty can usually ride inside the same payment. As an example, $65,000 financed over 60 months at an assumed 9% is about $1,349 a month.

Yes. We finance fleet expansion from a second truck to a large order, with deals from a $15,000 usual minimum into the $5 million range and above. Each tractor, trailer or truck goes on an equipment finance agreement you own, or on a TRAC lease if you turn units over on a schedule.

Application-only decisions, with no tax returns or financial statements, go up to $500,000 on qualifying files. Above that, expect a full financial package. If you own trucks or trailers free and clear, an equipment leaseback can turn them into working capital, though Class 8 sleepers aren't eligible as leaseback collateral.

Close to it. For you as the borrower, a commercial truck loan and an equipment finance agreement work almost the same way, and most owner-operators and fleets finance their trucks on an equipment finance agreement. You own the truck from day one, the lender holds a security interest in it until it's paid off, and you make fixed monthly payments for 24 to 84 months. The truck itself is the main collateral, so a blanket lien on your whole business usually isn't required.

A lease is the other option. Leases run 24 to 60 months with a $1, 10% or fair market value buyout. A fair market value lease usually has the lowest payment, and at the end you can buy the truck at market value or hand it back.

Run the numbers first in the Quote Builder: set the equipment cost, term, down payment, and structure and see an estimated payment in a few taps, with no credit pull. When it fits, one short application and a soft credit inquiry get you matched with a dedicated funding professional who manages the deal from application to funding.