Bookmark and Share

How to Determine if You’re Eligible for Truck Financing

Are you in the market for a pre-owned truck? Every day we help people find quality Medium And Heavy Duty Trucks and Equipment at a fraction of the price they'd pay for new vehicles. Below you can find more information about how to determine if you're eligible for financing.

Before you fill out our online financing form, you should first find out if you meet the following qualification requirements:  

Good Credit Score

Generally a good credit score (usually over 600) will help you get great financing terms. A lower credit score may result in you paying a higher down payment. Check the three credit bureaus, Equifax, TransUnion and Experian to find out your most recent credit score. 

Down Payment

Next, you should have some money saved up for the truck's down payment. The down payment can range anywhere from 5% up to 10 or 20% for new owner-operators. Research the type of truck you would like to buy and get an estimate of how much the down payment would be so you can save up enough money. 

Commercial Driver's License History

How long have you had your commercial driver's license? The longer you've been driving, the better! Especially since it will demonstrate that the truck is going to be used by an experienced truck driver.

Overall, the qualifications will vary depending on the loan provider, but if you can meet the above requirements you'll usually have a good chance at getting the finance you need.

Get qualified for financing today for your purchase of a pre-owned truck, trailer or needed equipment. Please call 740-397-4969 today to talk to one of our financing experts. Robertson Truck Sales is one of the largest pre-owned truck dealers in the Ohio area. For more than 30 years we've been providing exceptional service, parts and pre-owned medium and heavy duty trucks and equipment to truck drivers.