SelecTrucks Financing
Find commercial truck financing options that keep you moving forward
Securing the right used truck is crucial for your business, and finding smart semi-truck financing is just as important. Visit your local SelecTrucks Center to collaborate with our experts. They specialize in crafting personalized commercial truck financing solutions with diverse options for down payments, interest rates, and terms, all designed to fit your unique needs.
Whether you're purchasing one truck or expanding a large fleet, we are dedicated to providing fast, flexible financing decisions that support your business growth and keep you on the road. We are here to help make semi-truck financing solutions easy!
Explore our semi-truck financing options for owner-operators and fleets below.
Get started with SelecTrucks financing
Ready to take the next step towards owning your next used semi-truck? SelecTrucks is here to help you navigate your financing options with confidence, ensuring you find the perfect solution to drive your business forward. We work with a wide range of financial partners through Daimler Truck Financial Services to find a solution that works for you.
Visit a SelecTrucks Center today or contact us to speak with a financing expert and discover how easy it can be to get the truck you need!
Semi-truck financing
OWNER-OPERATOR FINANCING
At SelecTrucks, we believe semi-truck financing should offer you flexibility. Through Daimler Truck Financial Services, our trusted finance partner, we provide adaptable financing options specifically designed for the needs of owner-operators. Looking for best semi-truck financing? Start here.
FLEET FINANCING
For fleets of any size, SelecTrucks offers a comprehensive suite of competitive fleet financing options. Daimler Truck Financial Services, our preferred finance provider, is an expert in commercial vehicle financing, ensuring you get specialized support. We can help with all your used truck finance needs for your fleet.
FINANCING CALCULATOR
Managing your budget is essential for a profitable trucking business. Our SelecTrucks semi-truck financing calculator allows you to estimate how much truck you can afford based on a monthly payment that aligns with your financial plan.
TRUCK INSURANCE
The trucking industry naturally comes with inherent risks – ensure you're adequately protected. Comprehensive truck insurance safeguards you, your equipment, and your business against financial losses and potential claims.
FAQs
Financing a semi-truck can be a straightforward process, especially with the right financial partner. While it involves a significant investment, SelecTrucks and Daimler Truck Financial Services work to simplify the process by offering various flexible financing options tailored to both owner-operators and fleets. Factors like your credit history, business stability, and the age and condition of the truck will influence the ease of financing.
There isn't a single universal credit score required to finance a semi-truck, as lenders consider a range of factors. Generally, a good to excellent credit score (typically 650 or higher) can open up more favorable interest rates and terms. However, some lenders may work with lower credit scores, especially if you have a strong business plan, a solid down payment, or a history of on-time payments for other commercial loans. It's best to discuss your specific situation with a financing expert. Read our guide on buying a used semi truck with challenged credit
The cost to finance a semi-truck varies widely based on several factors, including the purchase price of the truck, the interest rate, the loan term (length of the loan), and your down payment. Other costs can include taxes, fees, and the cost of insurance. Using our semi-truck financing calculator can help you estimate monthly payments based on these variables.
Financing an older semi-truck can sometimes be more challenging than financing a newer model, but it's certainly not impossible. Lenders may perceive older trucks as having higher maintenance risks or a shorter remaining useful life. This can lead to shorter loan terms, higher interest rates, or a requirement for a larger down payment. However, if the older truck is well-maintained, has low mileage for its age, or is a highly sought-after model, financing options may be more readily available. SelecTrucks works with Daimler Truck Financial to explore solutions even for older, reliable equipment. For additional details on aftertreatment system maintenance, refer to our comprehensive guide: Aftertreatment Systems 101.