Semi truck loan calculator
Enter the price, your down payment and the rate a lender quotes you. Add your monthly miles to see what the payment costs you per mile.
Monthly payment
- Amount financed
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- Total interest
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- Payment per mile
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- Total cost with down payment
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Payoff schedule and chart
Free Truck Loan Readiness Kit
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Read next
- How semi truck financing worksWhat lenders look at, loans vs. leases, and what to have ready before you apply.
- How much do you need down on a semi truck?Typical down payments, what changes them, and why more down can save you money.
- When to refinance a semi truck loanHow refinancing can lower your payment, and when it doesn't pay off.
Common questions
What interest rate will I get on a semi truck loan?
It depends on your credit, how long you've had your CDL and your business, your down payment, and the truck's age and mileage. Get quotes from more than one lender and compare them with the loan offer comparison tool.
How long are semi truck loans?
Many equipment loans run 36 to 72 months. A longer term lowers the monthly payment but usually means paying more interest overall, and an older truck may not last the full term.
Does a bigger down payment really help?
Yes. Every dollar you put down is a dollar you don't pay interest on, and it can help you qualify for a better rate. Try two different down payments here and compare the total interest.
More calculators
- ?How much truck can I afford?Work backward from your revenue to a safe payment and truck price.
- ⇄Lease vs. buy calculatorCompare the real cost of leasing and financing the same truck.
- ✓Owner-operator startup costsAdd up everything you need before your first check arrives.
- ↑Down payment savings plannerSee how long it will take to save your down payment, and what it takes to get there sooner.
- ≡Compare truck loan offersPut up to three lender offers side by side and see which really costs least.
- %Factoring cost calculatorSee what factoring costs per load, per month and per year.
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 quoteAd
Zoho
Business software for running your trucking company, from invoicing to keeping your books.Try ZohoAd
Roadside Masters
24/7 nationwide roadside assistance for trucks, so a breakdown doesn't leave you stuck.Sign up your truckAd
DAT Load Board
Find loads, check lane rates, and get 10% off a DAT load board subscription.Try DATAd
Truck Parking Club
Reserve a safe truck parking spot ahead of time, or earn money listing your own yard.Find parking