What credit score is needed to buy a commercial truck?


Paying cash for a work truck for sale isn't feasible for many drivers. When you need to finance a commercial truck for sale in Milwaukee, Ewald is here to make it easy. Our truck dealership near you boasts a huge inventory of work trucks, service vans, and commercial vehicles. No matter what the job, Ewald Commercial Trucks will make sure you have the right equipment. When it comes to commercial truck financing, our team is unparalleled. With decades of experience helping customers secure financing for commercial trucks, Ewald is an invaluable resource. Let's learn more about obtaining service truck financing!


How does commercial truck financing work?


Just like financing a regular car, your lender will hold the title to your work truck for sale until you pay off your loan. If you fail to uphold your financing agreement, your lender could seize your vehicle. You can finance a commercial truck from a dealership like Ewald Commercial Trucks, or from a bank or other lending institution. Whether you're financing one truck or a fleet of trucks for sale in Milwaukee, Ewald offers a simple financing process. We understand that applying for a commercial truck loan can be an intimidating experience. When you work with our friendly, experienced staff, you won't have any reason to fear applying for a commercial truck loan!


What does your credit score need to be to buy a commercial truck?


The exact qualifications required to finance a work truck for sale will vary from lender to lender. However, most lending institutions look for a minimum credit score of 600 for commercial truck financing. If your credit isn't perfect, don't worry! Our truck dealership near you has ample experience helping customers secure loans, even with poor credit. The team at Ewald Commercial Trucks will be happy to help you explore your options for service truck financing. To save time at our dealership, you can apply for loan pre-qualification online from our website. By the time you're ready to buy a truck for sale in Milwaukee, you'll understand the amount of financing you can obtain.


How many years can you finance a commercial truck?


Your loan term offers will vary based on your financial history, debt-to-income ratio, and which work truck for sale you choose. The typical term for financing a commercial truck generally ranges from 12-60 months. Longer loan terms usually mean lower monthly payments, but you will end up paying more in interest over the life of your loan. Shorter-term loans can carry higher monthly costs, but reduce the total interest paid on the truck for sale in Milwaukee. Learn more today at Ewald Commercial Trucks!


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