New vs. used semi truck: which should you finance?

Updated October 2026

A new truck costs more but usually comes with a warranty and fewer surprise repairs. A used truck costs less up front, but older trucks can bring bigger repair bills and may be harder to finance.

Buying used? Check these first

Get a pre-purchase inspection from a mechanic you choose, not the seller's. Ask for maintenance records and an engine report. Check the emissions system (DPF, EGR and DEF parts), since those repairs can be expensive. Look up the VIN for accident and title history. Ask lenders about age and mileage limits before you fall in love with a truck; some won't finance older or high-mileage units.

Budget for repairs either way

Set aside money every week for maintenance and repairs, even on a newer truck. Tires, brakes and unplanned breakdowns add up fast, and a repair fund keeps you rolling when they happen.

Compare the full cost

The cheapest truck isn't always the cheapest to own. Add up the payment, expected repairs and downtime, and compare that with a newer truck's payment. The lease vs. buy calculator can help you compare total costs.

Run your numbers: Lease vs. buy calculator

Educational information only, not financial or legal advice. Lender requirements and terms vary.