Semi-Truck Financing
Semi-Truck Financing: Fueling Your Trucking Business Growth
Are you ready to expand your trucking fleet or upgrade your existing semi-trucks to boost your business efficiency?
At Always Capital, we understand that semi-trucks are the lifeblood of your trucking operation. They’re not just vehicles; they’re the engines of your business growth and profitability. That’s why we offer tailored semi-truck financing solutions designed to help you acquire the equipment you need while maintaining your financial flexibility.
Semi-Truck Financing and Industry Insights
Cost of Semi-Trucks
New: $130,000 - $180,000
Used: $30,000 - $80,000
Financing Details
Interest Rates: 5% - 30%
Typical Down Payment: 0% - 20%
Loan Terms: 1 - 5 years
Industry Statistics
Freight by Value: 72% moved by trucks
Value of Truck Freight (2022): $18.8 trillion
Employed Truck Drivers: Nearly 970,000
Financing Benefits
- Specialized lenders available
- Potential tax deductions
- Easier financing due to industry profitability
Why Choose Always Capital for Your Semi-Truck Financing?
- Competitive Rates: We offer industry-leading rates to keep your costs down.
- Flexible Terms: Choose from a variety of loan terms (24 to 84 months) to suit your business needs.
- Fast Approvals: Get approved typically within 2-4 hours, allowing you to act quickly on opportunities.
- High Financing Limits: We provide financing up to $5 million for both new and used semi-trucks.
- Expertise: Our seasoned financing experts specialize in the trucking industry and understand your unique needs.
Our Semi-Truck Financing Process
- Easy Application: Start with our streamlined online application process.
- Quick Decision: Receive a decision typically within 2-4 hours.
- Customized Solution: We’ll work with you to tailor a financing solution that fits your specific needs.
- Fast Funding: Once approved, we’ll quickly process your funds so you can get your new semi-truck on the road.
Get Approved Today!
Semi-Truck Industry and Financing Insights
Financing Rates
Typical Range: 6% - 35%
Good Credit Rates: As low as 5% - 6%
High-Risk Rates: Up to 99%
Down Payment Options
Standard Requirement: 10% - 20%
Some Direct Lenders: 0% down options available
Industry Impact
Freight by Value: 72% moved by trucks
2022 Truck Freight Value: $18.8 trillion
U.S. Truck Drivers: Nearly 970,000 employed
Financing Considerations
- Specialized lenders offer flexible terms
- Potential tax deductions as operational expenses
- Vehicle serves as collateral
- Industry profitability can ease financing process
Types of Semi-Trucks We Finance
Whether you need a day cab for local hauls or a sleeper cab for long-distance trucking, we finance a wide range of semi-trucks, including:
- Day Cab Trucks
- Sleeper Cab Trucks
- Refrigerated Trucks
- Flatbed Trucks
- Tanker Trucks
- And more!
Additional Benefits
- Soft Credit Pull: Our application process uses a soft credit pull, so it won’t affect your credit score.
- Startup-Friendly: We offer specialized options for trucking businesses under two years old.
- All Credit Types Welcome: From excellent credit to challenged credit, we work with all credit profiles.
- Deferred Payment Plans: Take advantage of our 30, 60, or 90-day deferred payment options.
Don’t let financial constraints hold your trucking business back. With Always Capital as your financing partner, you can focus on what you do best – running your trucking operation and maximizing your profits.
Break through barriers and pave the way for your business’s prosperous future – apply for semi-truck financing with Always Capital today, and start your journey towards achieving your business goals.
