Commercial Truck Financing

New drivers and experienced haulers in the trucking industry understand that hard work pays off. When it comes to financing for the equipment, though, many people are confused about the terms and conditions. If you’ve come to this page because you’re looking for commercial truck financing, you’re in luck! 10-4 Financing is here to provide versatile programs that help drivers of all backgrounds take the next step in advancing their careers.

We help to finance commercial trucks by relying on some of the top lenders in the industry across the nation. After developing a quality process that relies on positive relationships with finance companies and truck dealerships to best outfit drivers for success, 10-4 Financing is now ready to help professionals at all levels in the industry find the best deal for their company-specific demands.

In order to navigate the best outcome for your semi truck financing, you’ll need to prepare by doing research and teaming up with a trustworthy company to avoid the mystery and confusion often associated with financing.


In order to obtain the best results, you will be required to submit an application for a loan. This involves a few key points that will be assessed to determine whether or not you are approved for financing.

Credit Score

In order to establish yourself as a reliable borrower, you will need to build up a good rapport with the three national credit bureaus. These agencies compile a complex profile of debts, credit lines, payments, income ratios, and more to determine the quality of investment for financial institutions on loans. If you pay your bills on time and have a good debt-to-income ratio, your credit score will increase. Drivers with credit scores in the high 600s will find more cost-effective semi truck loans than those hovering around 605.

Often referred to as FICO Scores, consumers are assigned a value between 300 and 850. Anything above 580 is considered “fair” while those coming in above 670 register as “good.” 10-4 Financing can provide the ideal outcome for drivers in the 500s, working with specialty lenders to acquire the right semi truck loan for those with a rocky past.

Driving Experience

Individuals that are new to the industry will face a much more difficult time acquiring the proper financing to purchase their first vehicle. If you just got your Commercial Driver’s License (CDL) in the past week, prepare to bring other assets to the table. Many lenders have strict cut-off points in terms of experience minimums, with most denying financing to drivers with less than two years of experience in the industry. Newcomers often end up with costly terms, as finance companies will see them as a higher-risk investment.

10-4 Financing is determined to provide the best results for drivers of all types, including those just starting out in the field. Our services are available for drivers with no CDL experience, delivering a leg up in this dynamic industry.

Down Payment

They say that cash is king, and for buyers wanting to prove that they’re serious about their ability, putting down a larger initial payment will go a long way. Commercial truck financing is similar to real estate in that better terms can be achieved if more money is brought to the table. Keep in mind that more money down will also result in lower interest rates in addition to a higher approval rate.

Commercial truck finance companies often require down payments between 15 and 25 percent, with purchase prices creating a dramatic fluctuation in the final payment figures. 10-4 Financing has the ability to secure financing for 0 percent down for qualified drivers, and can assist you in finding the right terms if you can supply 10 percent as a down payment.

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Haul Source

Similar to a source of income, providing documentation of your haul source will help to verify stability in your investment. If you are currently in the process of looking for work, be sure to get any recruiter’s name and number for reference. New drivers can also strengthen their terms by acquiring a letter of intent from their work source. Keep in mind that reputable haul sources are likely to create more positive terms over carriers that are not well established in the industry. If you can sign on with a quality company early on, you will be better equipped to find the perfect truck.

Truck Vendor Quality

When financing your semi truck, your selected finance company will also look at your vehicle source. Semi truck loans are much more advantageous when they are financed through a known dealership as opposed to a private transaction. Relationships can be important in the finance industry, which is why it will be important for you as a driver to work with the right companies to secure the best vehicle for a quality price.

10-4 Financing can help you find the right vehicle at the right price through a reputable vendor. We will help you choose from any dealership in the United States, relying on more than 20 lenders to ensure you are equipped with the right program to get the job done.


In order to finance the perfect semi truck at any dealer location nationwide, drivers will need to narrow down what exactly it is they are looking for. 10-4 Financing can finance commercial trucks based on their age, mileage, and price:

Be sure to browse our inventory of available semi trucks, and feel free to reach out to our experts to see if we can find you the perfect vehicle for your goals!

Buying Versus Leasing

In some cases, drivers will choose semi truck leasing as a flexible way to get started in the industry. Those seeking semi truck financing with bad credit may find that it is difficult to achieve a favorable semi truck loan. Semi leases can allow drivers to gain experience without the property or collateral, but may fall into the trap of leasing their vehicle for an extended period of time in a manner that restricts additional work.

10-4 Financing understands that semi truck leasing can be a bad deal for drivers, and often keeps them in a frustrating cycle. Our truck financing pros strive to deliver ideal terms and agreements that are affordable and straightforward, enabling drivers to achieve the freedom to build their career. If you feel stuck in a costly lease, be sure to contact us today to see how our finance team can help!

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Our company began financing commercial trucks after we saw firsthand how difficult it was for some drivers to get a leg up in the industry. Instead of allowing your professional growth to stall, be sure to reach out to the professionals at 10-4 Financing to enhance the outcome for all of your business needs.


If you are just starting out, it is important to secure the best form of commercial truck financing to find an advantageous way to own your own vehicle. We understand that taking on the payments of your own semi can be stressful, and our team will help by offering affordable finance terms.


Making the jump to starting your own lineup of commercial trucks can be stressful, but doing so can allow for more freedom to grow. 10-4 Financing is here to equip owner-operator teams for success, from professionals looking to add a vehicle to those ready to enhance their own truck.

Truck Fleets

Established companies can rely on their experience and financial stability to secure the best financing rates. 10-4 Financing can help professionals with a wide range of services, whether they plan on semi truck financing for a single unit or want to upgrade the entire fleet!


If you run a dealership, it can prove challenging to find the right semi truck financing for drivers with checkered pasts, even if you know they are worth the venture. Our team works with a variety of specialty lenders to provide bad credit semi truck loans for your subprime customers, providing them with the right vehicle while increasing your sales and customer satisfaction.


We offer more than just truck financing. The 10-4 team strives to provide versatile services that help drivers find the right fit for their setup, whether that includes a small addition or a major overhaul. We have gotten approval for thousands of drivers, and will be happy to help you finance:

  • Trucks — From Freightliner and Kenworth to Peterbilt, Volvo, and more, you can find the right vehicle for your needs with us.
  • Trailers —  Adding a trailer can be done with simple-interest loans in order to help you find the lowest cost.
  • APUs — Auxiliary power units are beneficial units that can help vehicles operate all of their accessory equipment without the idling engine for power. Drivers can benefit from enhanced cab comfort, quieter operations for restful nights, and more.

10-4 Financing is here to deliver outstanding results for your commercial truck finance needs, and can also assist you in financing construction equipmenttransportation equipment, and more. If you have a specialty request, or you wish to start our application process, be sure to fill out a form or contact us to begin!

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The Importance of Your Rate

Your interest rate is one of the most important figures to determine when securing your commercial truck financing. It can help to know that your Annual Percentage Rate (APR) on a loan is the entire cost of that loan for a calendar year presented as a percentage against the original finance amount. The risk of your loan will determine how high the interest rate is, which may play a large role in your overall financial picture.

Unlike home loans, which are secure because homes tend to appreciate over time, trucks tend to depreciate over time. If you apply for a semi truck loan, your interest rate can range anywhere from 9 to 30 percent. Over the years, minor differences in the interest rate can result in varying outcomes for the spender. We recommend proper planning and preparation when looking for commercial truck financing.

Start the 10-4 Process Now

Now may be the perfect time for you to gather your paperwork and begin the process of financing your next commercial truck. When you apply through our site, we perform a soft pull. This inquiry will gain access to your credit information without dinging your score. This can help us to narrow down more precisely what your financing terms will look like.

Once 10-4 Financing has this score, we will pre-qualify you and identify your truck. After the right vehicle is found, we will issue you an approval and discuss the terms of your semi truck loan. You can then test drive the truck, sign the documents, and we will disperse the funds.

Call Today!

Semi truck financing with bad credit or no experience can make life difficult. That is why our team founded 10-4 Financing to provide ideal financing for commercial trucks, enabling drivers, owner-operators, fleets, and dealerships to find the best results for their business plans.

Call us at 888-908-7701 or contact us online to get started. The 10-4 team will work tirelessly to get the best approval possible to enhance your career. Our company proudly works with new drivers, those with bad credit or past bankruptcies, and more. We look forward to working with you!

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Pre-qualify quickly and easily with our online forms, pay a low down payment, and choose your dealership anywhere in the US. We’ll be with you every step of the way!

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Owner-operators understand the freedom and financial rewards that come from driving your own truck. We can assist you with upgrades, buying, and financing.

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If you interested in applying for financing with our company, apply now! We can pre-qualify you and provide you with advice on what type of trucks you should looking for.

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