Is There Guaranteed Semi Truck Financing?

When you’re trying to finance anything that costs more than you can afford to pay upfront with cash, the experience you have is dictated by three things: the company you work with to obtain the financing, your credit score, and the amount of your down payment. To be honest, there is no such thing as 100% guaranteed financing for a semi truck, but when you work with an experienced team like 10-4 Financing, you have access to specialty lenders that can obtain loans for drivers with credit scores as low as 500 – that’s about as close as you’re going to get to finding guaranteed semi truck financing.

The Right Team is Everything

Having a team with experience and knowledge to provide you with optimal support to get out on the road in a new semi truck is irreplaceable.  Nobody should face the secondary market or manufacturers by themselves to try and acquire a semi truck because there’s a good chance they’ll be taken advantage of!  

10-4 Financing has the relationships necessary to get you the best possible terms and rate, even if your credit score is in the low 500’s!  And, if you do have good credit, you may end up paying more for your semi looking for financing on your own than what you’ll pay if you work with the experienced team at 10-4 Financing. 

When you’re under the umbrella of an experienced team, you get an increased level of respect and buying power that you’d otherwise not have access to.

Driving Experience and Down Payments

If you’re a brand new driver who just got their CDL and is looking at going into business for yourself, you’re going to have a tough go of it trying to verify your creditworthiness and business stability to a lender. Unfortunately, semi trucks aren’t the same as buying an affordable personal vehicle to carry the family around in.  CDL driving experience matters and without it, you simply can’t get decent financing through the manufacturers or dealers directly – no matter how good your credit history is and how much of a down payment you can afford! 

On the other hand, you can run into the same challenges if you are someone with 30 years of driving experience but have poor credit and little to no down payment.

Trust the Process

The process to get qualified for semi truck financing is painless and simple.  Trust it!  Simply fill out the online form or give us a call.  We’ll pre-qualify you and identify your semi-truck.  We’ll issue you an approval and discuss all the possible terms with you to help you figure out what option will be best for you and your unique situation.  

You’ll be able to test drive the truck you’re interested in, sign a few documents, and you’re on your way without all of the painful hassle and negotiation tactics you’d be finding up against the big guys on your own.  While there is no such thing as guaranteed financing when you’re solo, you can bet your bottom dollar you’ll get the best shot possible with the specialists at 10-4 Financing.



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