Truck financing rates vary wildly depending on who you are as a borrower and what you're buying. Here's what the market actually looks like right now.
Rate Ranges by Credit Score (as of May 2026)
| Credit Score | New Truck APR | Used Truck (1-5 yr) | Used Truck (6+ yr) |
|---|---|---|---|
| 750+ | 5.49%-6.49% | 6.49%-7.99% | 7.99%-10.49% |
| 720-749 | 5.99%-7.49% | 7.49%-9.49% | 9.49%-12.49% |
| 680-719 | 7.49%-10.99% | 9.49%-12.99% | 12.49%-16.99% |
| 640-679 | 10.99%-15.99% | 12.99%-17.99% | 16.99%-21.99% |
| 600-639 | 15.99%-21.99% | 17.99%-23.99% | 23.99%+ |
| Below 600 | 21.99%+ or lease-to-own | Case by case | Very limited |
These rates come from our actual lender network. Individual offers may be higher or lower based on your complete financial picture.
What Affects Your Rate Beyond Credit Score
Your credit score gets you in the door, but these factors determine your final rate:
Time in business: A 700-credit borrower with 5 years in trucking gets better rates than a 700-credit borrower starting their first company. Lenders view industry experience as reduced risk.
Down payment: Putting 25% down vs 10% down can swing your rate by 1-3 percentage points. More skin in the game means less risk for the lender.
Truck age and condition: A 2024 Cascadia gets better financing than a 2016 ProStar. Newer trucks have longer useful life and better resale value.
Annual revenue: Showing $250K+ annual revenue demonstrates your ability to handle the payment. Lenders weight this heavily.
Existing debt: If you already have two truck payments, adding a third is riskier. Your debt-to-income ratio matters.
How Much Does 1% Matter?
On a $100,000 truck with 20% down ($80,000 financed) over 60 months:
| APR | Monthly Payment | Total Interest Paid |
|---|---|---|
| 6% | $1,546 | $12,774 |
| 8% | $1,622 | $17,299 |
| 10% | $1,700 | $21,979 |
| 12% | $1,780 | $26,813 |
| 15% | $1,904 | $34,211 |
| 18% | $2,031 | $41,890 |
| 22% | $2,213 | $52,772 |
The difference between 8% and 15% is $1,076/month and $16,912 in total interest. This is why shopping multiple lenders matters.
How to Get the Lowest Rate Possible
- Fix your credit before applying: Even 30 days of improvement helps
- Show consistent revenue: 6+ months of strong bank statements
- Put more down: Every extra percent of down payment helps your rate
- Choose a newer truck: 2020+ models get the best treatment
- Work with a broker: We shop 91+ lenders and negotiate on your behalf
- Consider shorter terms: 48-month rates are typically lower than 72-month rates
- Get pre-approved before shopping: Knowing your rate prevents dealer markup
Rate Lock and Shopping Timeline
Most pre-approvals are valid for 30-60 days. This gives you time to find the right truck without worrying about rate changes. If rates move significantly, your broker can re-shop your application.
At Brobas, we typically present 2-5 offers from different lenders so you can compare rates, terms, and total cost side by side.
Get your personalized rate at brobascap.com or call (773) 691-3925