Why is 10-4 Financing The Best Option For Semi Truck Financing?

Are you in the process of financing a semi-truck and looking for the best financing options available to you? Continue reading to learn why 10-4 Financing is the best option for semi-truck financing, with flexible terms, numerous options, and a helpful guidance for those looking for answers and recommendations.

10-4 Financing has relationships with more than 20 lenders across the country. This allows us to find a program that works perfectly for each applicant who relies on our financing services for construction equipment, transportation vehicles, and more. Our specialized financing process is designed to meet the needs of semi-truck owners, whether they are leasing or financing their truck or fleet, or simply looking to inject more working capital into their businesses.

Advantages of these relationship that you can leverage as a truck owner include:

  • Attractive and flexible programs exist for first-time buyers and owner-operators.
  • You have the ability to choose from any dealership in the United States.
  • There are no FICO or CDL experience minimums.
  • We offer options with low down payments for certain qualified truckers.

The Best Financing Process for Semi-Truck Owners

One of the best ways to know you’re getting the best possible financing terms is to make sure that you are working with a financing company that specifically and exclusively works with truck owners and fleet operators, as opposed to traditional lenders, non-specializing dealers, or going to directly to the truck manufacturers themselves, none of which can claim to have decades of industry-specific experience representing the best interests of the truck owner.

Financing directly through a vendor, especially the manufacturers, is rarely advantageous to the buyer. The manufacturers of the trucks have their own objectives to meet and are rarely in it for the buyer’s best interest. As a result, interest rates tend to be higher, and there is less room to negotiate the price. The specialists at 10-4 Financing have considerable experience in dealing with the vendors and manufacturers, and will work on your behalf to secure the best rates and negotiate the most attractive contract terms. 

When financing your truck, it’s not uncommon for the buyer to be required to put down anywhere from 15 to 25 percent of the total sale price. Anyone familiar with the average cost of a semi-truck is aware of just how much money that can be! Though such terms have become something of an industry standard, by working with 10-4 Finance, you may be able to secure significantly lower down payment options, as we have the ability to source multiple lenders simultaneously, and then leverage the forces of competitive bidding to seek out the optimum deal for you and your company.

When going through the commercial vendors and manufacturers, it seems you need to have an impeccable credit score in order to qualify for attractive financing terms. We know how difficult this can be for hard-working people trying to make a living. But unlike most truck finance companies, we do not need to do a hard pull to view your credit; we can do what’s known as a “soft pull.” This allows us to pre-qualify your application without leaving a ding on your credit score. We are able to give you a general idea of what type of truck you would qualify for and a fairly accurate range of what you will need for a down payment.

Partner with a Truck Specialist

10-4 Financing was founded in 2011 with a sole mission to become the best financing source available for truckers and dealers in America. Our semi truck financing team is comprised of the most experienced and caring individuals in the industry. Regardless of your truck financing needs, the 10-4 team is here to help provide optimal support to help new and experienced drivers get out on the open road and drive their futures forward.

Contact us today to discuss the best financing option for your next semi-truck investment. Pre-qualify quickly and easily with our online forms, pay a low down payment, and choose your dealership anywhere in the United States. We’ll be with you every step of the way!



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