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Truck financing toolsOct 05, 2026

MEMO Starting your own trucking company? Get the startup guides from MyCDLCoach

Down payment savings planner

Set your down payment goal, what you've saved so far and what you can put away each week. You'll see when you'll be ready.

CDL Loans

Time to your goal

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Still to save
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About how many months
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Save this much a week to finish in 6 months
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Memo: Keep your repair fund separate from your down payment.cdlloans.com

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Common questions

Should I put all my savings into the down payment?

No. Keep a separate cushion for insurance down payments, registration, fuel and repairs in the first months. The startup cost calculator helps you see the full amount you need.

Where should I keep my down payment savings?

Somewhere separate from your everyday spending, so it's harder to dip into. Lenders may also ask for statements showing where your down payment came from.

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