Most truck buyers overpay or settle for bad terms — and it costs them thousands.
Whether you're a contractor, fleet buyer, or independent operator, the right finance deal can make or break your bottom line.
Tired of:
Dealers turning you down because of business age?
Banks that take weeks to respond?
Limited options for private party or auction purchases?
This guide walks you through:
The real numbers behind today’s best used truck finance deals
Down payment hacks for startups
Case studies from real borrowers
How to get prequalified in under 10 minutes — with no impact to credit
Used truck APRs typically range from 8% to 18%, depending on:
Credit score
Time in business
Equipment age
Typical term lengths:
24 to 60 months for used equipment
Newer trucks (less than 5 years old) may qualify for longer terms, up to 72 months
| Credit Tier | APR Range | Max Term Length |
|---|---|---|
| Excellent (700+) | 8% – 10% | 60–72 months |
| Good (640–699) | 10% – 14% | 48–60 months |
| Fair (600–639) | 14% – 18% | 36–48 months |
| Startup | 12% – 18% | 36–48 months |
Standard down payments range from 10% to 20%
Many borrowers bring $5K–$15K to the table for used trucks priced between $25K–$60K
Special startup programs:
0% down available for homeowners with strong credit
Flexible approval if personal credit is 680+ and proof of income is strong
Banks: May take 2–3 weeks, require in-person appointments, no private party purchases
TruckLenders USA:
Approvals in 4–24 hours
Accepts private party, dealer, or auction sales
Application is fully online with human underwriters
CDL holder, recently formed LLC, homeowner
Financed: $40,000
Down: 20%
Seller: Private party
Result: Approved in 1 day, 48-month term at 12.5%
2-year-old LLC, existing relationship with TruckLenders
Total purchase: $150,000 across 3 used dump trucks
Split: 2 dealer trucks + 1 private seller
Term: 5 years at 12% APR
Result: Full fleet expansion funded in under 3 days
Looking to upgrade to a rollback tow truck
Total cost: $25,000
Qualified for 0% down based on strong business cash flow and clean credit
Result: Funded in 48 hours, truck on road by end of week
Prequalification takes under 5 minutes
Real underwriters, not auto-decline bots
Approvals usually within 1 business day
Startups and sole props qualify — even with no business tradelines
Homeowners with good credit often approved with no personal guarantee
Can use personal credit and income to qualify the business
Many lenders reject private party sales — TruckLenders funds them daily
We guide you through:
Lien check
Bill of sale
VIN verification
Title transfer prep
Loans report to business credit bureaus only
Helps build business credit without touching your personal FICO
Good for:
Growing fleets
Getting future business lines of credit
Keeping personal credit free for mortgages or personal loans
100% online, takes less than 10 minutes
No impact to personal credit (soft pull only)
You'll need:
Contact info
Truck details (or link to ad/invoice)
Business name (or sole prop info)
Get matched with the best term + down payment program within 1 day
Driver’s license or CDL
Business name and EIN (or Schedule C for sole props)
Invoice, quote, or link to truck listing
3 months of bank statements — improves approval odds
If buying private party:
Seller’s contact info
VIN and mileage
Soft-pull pre-qualification form (no credit impact)
Approval in 4–24 hours
Support from real experts, not a loan robot
Apply now to get prequalified for used truck financing
Need help uploading your documents? Visit our document upload checklist.
