Truck financing guides

Short, plain-English answers to the questions owner-operators ask most.

How semi truck financing worksWhat lenders look at, loans vs. leases, and what to have ready before you apply.
Financing a semi truck with bad creditWhat to expect, how to improve your odds, and the traps to avoid.
Truck financing with a new authorityGetting financed when your trucking company is brand new.
How much do you need down on a semi truck?Typical down payments, what changes them, and why more down can save you money.
New vs. used semi truck: which should you finance?Price, repairs, warranties and what lenders will approve.
Factoring for new owner-operatorsHow freight factoring works and when it makes sense.
What credit score do you need for a semi truck loan?How lenders use your score, and what to do if yours is low.
How to avoid semi truck financing scamsThe warning signs of fake lenders and bad deals, and how to protect yourself.
Balloon payments on truck loans, explainedHow a balloon lowers your payment, and the risk it leaves at the end.
When to refinance a semi truck loanHow refinancing can lower your payment, and when it doesn't pay off.
How to pay for CDL school: loans, grants and company-paid trainingWays to cover CDL training without taking on more debt than you need.

Tools for owner-operators

Bluewhale Insurance Group Insurance for owner-operators and small fleets. Talk to an agent about coverage before you buy.Get a quote Ad

Zoho Business software for running your trucking company, from invoicing to keeping your books.Try Zoho Ad

Roadside Masters 24/7 nationwide roadside assistance for trucks, so a breakdown doesn't leave you stuck.Sign up your truck Ad

DAT Load Board Find loads, check lane rates, and get 10% off a DAT load board subscription.Try DAT Ad

Truck Parking Club Reserve a safe truck parking spot ahead of time, or earn money listing your own yard.Find parking