Equipment Financing for Trucks & Trailers
A new Class 8 truck costs $150,000-$200,000. Trailers run $30,000-$80,000. Cash purchase depletes working capital needed for fuel and operations. Equipment financing preserves cash while building your fleet with the trucks and trailers that generate revenue.
How much funding do you need?
Drag the slider or type an amount
Commercial Vehicle Economics
Trucks and trailers are revenue-generating assets. Proper equipment financing preserves working capital for fuel and operations while building the fleet that produces income.
New Truck Costs
New Class 8 trucks: $150,000-$200,000. Sleepers on the higher end. Day cabs lower. Quality costs money.
Used Truck Value
Quality used trucks: $50,000-$120,000 depending on age, miles, and condition. Used equipment financing available.
Trailer Investment
Dry van trailers: $30,000-$50,000. Reefers: $60,000-$80,000. Flatbeds: $35,000-$55,000. Specialty higher.
Equipment Lifecycle
Commercial trucks: 500,000-1,000,000 miles useful life. Financing over 5-7 years aligns with useful life.
The Fleet Equipment Challenge
Trucks generate revenue but require substantial upfront investment.
Capital Intensity
A single new truck costs $150,000+. Fleet expansion requires substantial capital.
Working Capital Trade-off
Cash spent on trucks is cash unavailable for fuel, payroll, and operations.
Growth Constraints
Opportunity to add trucks but not enough capital. Growth limited by available cash.
Used Equipment Quality
Quality used trucks cost $50,000-$120,000. Still substantial capital requirement.
Trailer Needs
Trailers needed alongside trucks. Combined investment is significant.
Replacement Cycle
Equipment needs periodic replacement. Cannot save enough cash between replacements.
Equipment Financing Process
Get trucks and trailers financed while preserving working capital.
Application
Complete application with company information and equipment needs.
10-15 minutes
Documentation
Provide bank statements and equipment details (spec sheet or listing).
Upload documents
Evaluation
We evaluate business health, equipment value, and overall profile.
24-72 hours
Funding
Accept terms. Payment to dealer or seller. Equipment is yours.
1-7 days
Finance Trucks, Preserve Operating Capital
Equipment financing structures payments across equipment useful life while keeping working capital available for fuel, payroll, and operations. Build your fleet without depleting cash reserves.
100% Financing Available
Finance the full truck or trailer cost. Preserve cash for operations.
Terms to 84 Months
Spread payments across equipment useful life. 5-7 year terms manageable.
Equipment as Collateral
The truck or trailer secures the financing. No additional assets needed.
New and Used
Finance new trucks from dealers or quality used equipment.
Fast Approvals
Trucks do not wait. Get approval in 24-72 hours.
Preserve Working Capital
Keep cash available for fuel and operations.
Equipment Financing Scenarios
Common equipment financing applications for trucking companies.
New Class 8 Truck
New semi truck from major manufacturer.
Typical funding: $150K-$200K
Used Truck Purchase
Quality used truck with remaining useful life.
Typical funding: $50K-$120K
Dry Van Trailer
New or used dry van trailer for general freight.
Typical funding: $30K-$50K
Reefer Trailer
Refrigerated trailer for temperature-controlled freight.
Typical funding: $60K-$80K
Flatbed Trailer
Flatbed for construction and oversized loads.
Typical funding: $35K-$55K
Fleet Package
Multiple trucks and trailers financed together.
Typical funding: $200K-$500K+
Equipment Financing vs. Alternatives
Understanding when equipment financing makes sense.
| Feature | Equipment Financing | Cash Purchase | Leasing |
|---|---|---|---|
| Cash Required | 0-20% down | 100% | First month + fees |
| Ownership | At term end | Immediate | Return or buyout |
| Working Capital | Preserved | Depleted | Preserved |
| Interest/Cost | 8-16% | None | Varies |
| Tax Treatment | Depreciation + interest | Depreciation | Lease expense |
| Best For | Ownership at lower cost | If cash rich | Flexibility |
| Mileage Limits | None | None | Often limited |
| Customization | Full | Full | Limited |
Equipment Financing Requirements
What qualifies trucking companies for equipment financing.
Operating History
Established trucking operation with freight history.
1+ year preferred
Owner Credit
Owner credit reviewed. Higher scores access better rates.
620+ for most
MC/DOT Authority
Active operating authority in good standing.
Active authority
Revenue Level
Revenue sufficient to support equipment payments.
Supports payments
Bank Statements
Business bank account showing freight deposits.
4+ months statements
Equipment Details
Spec sheet or listing for new or used equipment.
Equipment info
Equipment financing decisions weight equipment value. Quality equipment collateral enables approval.
Real Results
Midwest Express Trucking
Long-Haul Trucking, Kansas
The Challenge
Midwest had opportunity to add 3 trucks for new dedicated lane. New trucks would cost $480,000. Cash purchase would deplete fuel and payroll reserves.
The Solution
We financed $480,000 over 72 months. Monthly payments of $8,900 manageable from additional revenue.
The Result
Three trucks added. New lane contract secured. Revenue increased 40%. Cash reserves preserved for operations. Fleet grew profitably.
“Cash purchase would have left us unable to fuel the trucks we were buying. Equipment financing let us grow while keeping operations funded.”
Truck & Trailer Financing Data
Statistics on commercial vehicle financing.
Equipment Financing Advantages
Why equipment financing makes sense for trucking.
Preserve Operating Capital
Keep cash for fuel, payroll, and operations.
Tax Advantages
Section 179 and depreciation deductions available.
Revenue Generation
Trucks generate revenue from day one.
Fleet Growth
Add trucks for growth opportunities.
Predictable Payments
Fixed monthly payments for budgeting.
Ownership
Own the equipment at term end.