Day Cab Truck Financing

How Day Cab Financing Works

Step 1: Quick Pre-Qualification

• Short application about you and your business

• No hard credit pull

Step 2: Business & Truck Details

We’ll collect:

• Business info (EIN, time in business, address, revenue)

• Owner info (SSN, % ownership)

• Day cab details (year, make, model, price)

Upload:

• 3 months of business bank statements

• Driver’s license / CDL

• Invoice, bill of sale, or listing

Step 3: Lender Match (Within 24 Hours)

We review:

• Time in business (2+ years preferred)

• Credit profile (650+ ideal)

• Cash flow stability

Then we place the deal with the best-fit lender.

Step 4: Approval & Funding

You receive:

• Rate range

• Monthly payment estimate

• Term length and down payment

Funding typically happens in 1–3 business days.

Day Cab Financing Rates, Terms & Estimates

If you meet the ideal profile, you’re already in a strong position.

Typical Day Cab Loan Terms

What Impacts Your Rate

• Credit score

• Time in business

• Bank balances & cash flow

• Truck age, mileage, and condition

Day Cab Financing for Start-Ups

Start-ups can be approved with stronger structure.

Typical Requirements

• 18+ months trucking or industry experience

• 20% down payment

• Rates: 12% – 20%

Best for drivers transitioning from company driver to owner-operator with lanes or contracts in place.

Day Cab Financing for Lower Credit

Possible, but with tighter terms.

• Credit below 625

• 50% down payment common

• Higher rates

• Lower max amounts

Best suited for experienced operators purchasing lower-cost used units.

Loan vs. Lease for Day Cabs

Day Cab Loan (Financing)

Best if: You want ownership and long-term value.

Pros

• Own the truck outright

• Build equity

• Eligible for Section 179 & bonus depreciation

• No mileage restrictions

Day Cab Lease

Best if: You want flexibility or lower payments.

Pros

• Lower upfront cost

• Predictable monthly expense

• Easier fleet upgrades every few years

• Operating leases allow payment deductions

Pro Tip: We’ll show both options side-by-side so you can choose based on cash flow and tax strategy.

Day Cab Fleet Financing

Running local or regional routes with multiple units? We specialize in fleet growth.

Fleet Benefits

• Finance 2–20+ day cabs

• Single application

• Fast approvals

• Mix loans and leases

Preferred Fleet Profile

• 2+ years in business

• 650+ credit

• $10,000+ average bank balance

Tax Benefits: Section 179 for Day Cabs

Day cabs qualify for Section 179 and bonus depreciation.

• Deduct up to $1,250,000 (2025 limit)

• Applies to new and used trucks

• Available on financed purchases and capital leases

This allows you to reduce taxable income while preserving cash flow.

Day Cab Financing FAQs

What credit score do I need?
650+ for best terms. Lower credit requires more cash down.

Can I finance a used day cab?
Yes—dealer, private party, or auction purchases.

Is a down payment required?
Strong files may qualify for $0 down. Start-ups and challenged credit require more.

How fast is funding?
Approvals in as little as 24 hours. Funding in 1–3 business days.

Do you finance fleets?
Yes—2 to 20+ units under one program.