Semi Truck Financing

Finance new and used semi trucks with TRAC lease options, owner-operator programs, and terms matched to duty cycle. Representative example: a $150,000 semi truck runs about $2,8xx/month.*

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The Semi truck Reality

A truck is a working asset with its own P&L — revenue per mile, cost per mile, and a replacement clock that never stops. We finance semi trucks on those economics: new or used, single truck or fleet, owner-operator or contracted carrier.

Built for This Asset

Structures priced by people who know what a semi truck earns and how it holds value — not a generic credit box.

Transportation Expertise

Part of our Transportation vertical: payment structures matched to how this industry's revenue actually arrives.

Backed by $1B

A $1B forward flow agreement with TPG gives Elevex institutional capital strength with entrepreneurial speed.

What We Finance

New and used sleeper tractors
Day cabs for regional and drayage work
Owner-operator first-truck programs
Fleet additions and replacement-cycle packages
TRAC lease and $1 buyout structures
High-mileage used trucks valued on maintenance history

Payment Structures

The differentiation: four ways to own the same equipment, engineered to your cash flow. Compare them side by side on our structures page.

Operating Lease

Off-balance-sheet treatment with end-of-term flexibility — return, renew, or purchase. Often the right answer when technology cycles or accounting outcomes drive the decision.

$1 Buyout Lease

Own the equipment for one dollar at term end. Fixed payments, full Section 179 eligibility, and a clean path to ownership.

Seasonal & Step Payments

Payments that follow your revenue curve — lighter in slow months, heavier in peak season, or stepping up as new equipment ramps to full production.

Usage-Based & As-a-Service

Payments tied to hours, output, or consumption. The category Elevex is defining: pay for what equipment achieves, not what it costs.

How It Works

Three steps from quote to funded.

1 · Apply in Minutes

Application-only to $1,000,000 — no tax returns or financials below that threshold. Have your equipment quote, auction listing, or build spec ready.

2 · Structure Together

A finance professional (not a portal) walks the structure options — term, seasonality, end-of-term — and prices the deal to your cash flow.

3 · Fund in 24–48 Hours

Most transactions fund within 24–48 hours of signed documents. Your vendor gets paid; you get to work.

Common Questions

Can an owner-operator with limited credit history finance a truck?

CDL experience, contracted freight, and a workable down payment count for more than a thin credit file. Expect an honest structure conversation — maybe a shorter term or larger first payment — rather than an automatic decline.

TRAC lease or $1 buyout — which fits a semi truck?

TRAC leases lower the in-term payment by fixing a residual you settle at term end — right when you plan to trade the truck anyway. $1 buyouts fit trucks you'll run past the term. Compare both structures.

Can I finance a used semi truck?

Yes — used semi truck financing is standard business, whether the unit comes from a dealer, an auction, or a private seller. We value working assets on condition and remaining service life, not a blanket age cutoff, and set terms the equipment can actually support.

Does a semi truck qualify for Section 179?

Most business-use equipment placed in service this tax year qualifies for Section 179 expensing, financed or purchased outright — often meaning the first-year deduction outruns your first-year payments. Run your numbers on our Section 179 calculator and confirm specifics with your tax advisor.

How fast can semi truck financing close?

Application-only decisions to $1,000,000 come back in minutes for qualified credits, and most deals fund within 24–48 hours of signed documents. Apply online with your quote to start.

EDITOR NOTE (remove before launch): *Representative example for illustration only — not an offer of credit. Actual payment depends on credit profile, term, structure, and equipment; all financing subject to approval. Explore <a href="/equipment-financing">equipment financing</a>, <a href="/equipment-leasing">equipment leasing</a>, or estimate tax savings with the <a href="/section-179-calculator">Section 179 calculator</a>.

Ready to finance your semi truck?

Payments built on outcomes, from the team that knows your industry. Equipment sellers: offer financing at the point of sale with CapVex.

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