Semi-Truck Financing FAQ
Outlining your options for a new truck and not sure how to proceed? We’re addressing our frequently asked semi-truck financing questions at GATR Truck Center to help you make an informed decision for your next purchase.
What Info Do I Need to Get Approved?
Our financial experts will collect information from you to help determine your eligibility. Then, we send the info to our lenders to help secure you a loan with competitive terms.
- Proof of income
- Proof of insurance
- Credit and financial history
- Existing debt and debt-to-income ratio
How Much Can I Afford?
Even if you are approved for the semi-truck you want, it’s important to determine if it works with your budget. An auto payment calculator can give you an estimate of your new truck payment. It uses a few factors to determine your payment.
- Total investment
- Sales tax
- Interest rate
- Trade-in or down payment
Is it Better to Lease a Truck?
When you are shopping for new semi-trucks, it’s hard to ignore the perks of leasing. After all, you can get into a new truck so much more affordably. Leasing is also a great option because with a shorter term, you’ll continually have new models with the latest technology.
New semi-trucks should be covered under warranty throughout your lease, as well. Just keep in mind, leasing has its restrictions. Our team can help you determine if it’s the best fit for you.
What is the Benefit of Renting?
There are so many benefits to renting, both operationally and financially.
- Flexible terms and daily, weekly, or monthly rates
- 24/7 roadside service nationwide
- Turnkey, comprehensive maintenance program
- Reduces fleet costs and minimized overhead administrative expenses
Still have questions? Contact our team today – we’re happy to help!
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