When it comes to semi truck financing, drivers have a wide range of choices for how to best outfit themselves for success. It’s important to do your research and find the right company, as doing so will help to grow your business and build your career in a cost-effective manner.

If you’re dealing with bad credit, no CDL experience, or are simply looking to upgrade your vehicle, 10-4 Financing, LLC is here to help! Our specialists provide semi truck financing nationwide to help each of our customers find the best program for their unique needs. We believe our customers are more than a number, and will work hard to create the best results for each individual.

If you’re on this page because you have a question about truck financing, then keep reading for a few of our most frequently asked questions. You can also check out our previous post highlighting additional FAQs not covered by our page content. Be sure to learn more here, then apply online to see how advantageous it can be to finance a truck through the 10-4 team!

Do you offer truck financing for first-time drivers?

Yes! We started our truck financing company to help first-time buyers purchase the semi they need to get started in this dynamic industry. If you have bad credit or no CDL experience, then it can prove costly to finance a semi truck through traditional means. 

Can I find my new truck through you?

Yes. While 10-4 Financing does not carry an inventory of vehicles, we do partner with dealers across the country to help ensure you’re never stuck with a lemon! Over the years, our team has built positive relationships with hundreds of dealers, and we’re able to use this to ensure our customers receive the best deal that they can. We know how to find a quality vehicle, and can help you finance a truck with advantageous terms to match our best pricing options.

What information do I need to acquire financing for my truck or trailer?

10-4 Financing, LLC is here to provide top-notch trucking loans to drivers at all stages of their careers, and can provide fast results to get you on the road. To start, we’ll pull a soft credit pull, and will only ask for your:

  • Credit history — You will need to fill our credit application for a quick review of your history. If you’re in need of assistance in navigating the best route for improving or utilizing our credit score, be sure to reach our team!
  • Driving/CDL experience — Your risk as a driver is often supplemented by your time behind the wheel. It’s important for new drivers to find a commercial truck finance program that offers cost-effective and flexible terms.
  • Cash/collateral — Regardless of your current situation, it’s essential to provide any cash available for a down payment, as well as collateral to ensure the best truck finance terms.

Do you offer pre-qualifications?

Yes! With a soft credit pull, we can pre-qualify you for a truck loan to provide an idea of what type of vehicle you qualify for as well as the down payment and monthly payments. 10-4 Financing has helped to finance thousands of trucks, and we’re confident that we can help you find the right fit through our pre-qualification process. Learn more about our pre-approval program before shopping today! 

Can I seek semi financing through a bank or credit union?

Many financial institutions offer loan programs to entice customers to sign on for truck financing, yet fail to deliver on the full scope of support needed to ensure drivers are outfitted for success. 10-4 Financing, for example, offers fast turnaround times to get you the funding you need often on the same day. Unlike credit unions, which can offer limited financial assistance, our semi finance team provides complete solutions, including application-only programs that approve drivers up to $150,000!

I’ve had a recent bankruptcy. Can I still finance my truck?

Drivers with spotted histories can face a number of roadblocks when it comes to acquiring advantageous loans for trucks or trailers. 10-4 Financing has partnered with dozens of financial partners to ensure our customers receive a full range of purchasing options. Our programs include assistance for those with past or recent bankruptcies.

Are there any disqualifications for your truck finance program?

While 10-4 Financing strives to provide the best terms for all of our customers, there are a few key issues that can severely impact your ability to finance a semi truck, including:

  • Past-due child support
  • Recent vehicle repossessions
  • Currently in bankruptcy

If you are dealing with any of these issues, then receiving a truck loan is not impossible. However, you will be expected to provide a larger down payment, and may see more costly terms for the remaining balance!

Can I pay off my truck loan early without penalty?

Yes. In most programs, drivers can pay off the principal of the loan without facing any early repayment penalties. Our professionals are here and ready to tailor one of our numerous truck finance programs to create the most cost-effective results for your needs. We want you to receive a good deal!

Contact Us Today!

10-4 Financing, LLC is proud to offer a full range of truck financing services to help drivers at all levels in their careers take the next step forward. We can pre-qualify you for a semi loan and find the right vehicle from one of thousands of locations across the United States. Check out our online inventory to get started, and be sure to contact us if you have any questions!