Financial FAQ

We're here to answer all your questions. If you have a specific question you don't see answered here, contact us and we'll be happy to help.

Do you offer financing?

Yes, our in-house financing company TLG Financial, has served the commercial transportation industry for more than 25 years with access to more than 40 trusted financial sources as well as their own funding resources to provide the best possible terms and options for your success.

How difficult is it to get financed?

Financing varies by customer and is unique to their situation. It is driven by credit score, the business your truck will be used for and a variety of other factors. The TLG Financial team has a wealth of knowledge and experience in arranging financing for all types of credit, including those with low credit scores. Reach out to a TLG Financial representative if you have specific questions at 866-526-0843.

What is a down payment for a semi-truck?

 A down payment on a truck purchase is based on several factors. The primary factors are credit history, truck purchase price, truck model and year, truck mileage, and loan term.

Is my down payment dependent on my credit score?

Yes, your down payment is based upon several different factors and can vary from one lender to the next. Factors include credit history, truck purchase price, truck model and year, truck mileage, and loan term.

Will I be penalized if I pay my truck off early?

Most lenders do have an early payoff penalty, some more than others. Ask your financing representative for these details. 

I'm a first-time buyer. Can I get financing?

Yes, financing is available for first-time buyers, and we have several sources to choose from. We have multiple lenders that finance first-time buyers, and our experienced and knowledgeable team will work hard to help a first-time truck buyer.

What does it take to get financed?

There are many factors that go into getting financed. The primary ones are credit score, truck purchase price, truck model and year, mileage and your down payment. If you would like to discuss these details with a TLG Financial representative, you can reach out at 866-526-0843. You can also fill out an online an application.

How is a down payment decided?

A down payment is based on multiple factors. These factors include your credit score, truck purchase price, truck model and year, mileage, and your time in business.

At what percentage rate are payments and interest calculated?

Interest rates vary by lender and are based on a variety of factors. Our team strives to get the best possible financing options for you based on your individual situation.

My credit isn't very good. Can I get financing?

We have several lenders that offer financing to applicants with lower credit scores. Down payments are required and start at 15% - 25% down. Reach out to a TLG Financial representative to discuss your situation in more detail. 

How much is my payment if I can put down $XXX amount?

We have multiple financing sources to choose from and we will work hard to get the lowest down payment possible. Your TLG Financial representative can discuss in more detail on what your payments will be based on your down payment.

What kind of finance programs do you offer?

We have a variety of programs to offer through our lender base and PACCAR Financial. Each program has different requirements, but we can provide loan and lease programs.

Are your interest rates high?

Interest rates are dependent on a lot of factors, including your driving experience and personal credit as well as the specific truck you want to purchase. When you start your conversation with a TLG Financial representative, they will work with you to get the best, most competitive interest rate possible and will answer any questions you have about your interest rate. If you have more specific questions about interest rates, give us a call at (866) 526 0843.

Who can I talk to about getting financed on a truck?

TLG Financial has Credit Managers located throughout the TLG Peterbilt dealership network of more than 20 locations. If you would like to discuss these details with a TLG Financial representative, you can reach out at 866-526-0843. You can also fill out an online an application.

Can I get financed for multiple trucks?

Our credit managers work very hard to find the right funding source to help you with your specific needs. It may take more than one lender in some situations to finance multiple trucks. Your credit score, time in business and type of business play a key role in the process. We always encourage you to reach out to us so we can best understand your situation and find the best possible deal for you. 

 If you would like to discuss these details with a TLG Financial representative, you can reach out at 866-526-0843. You can also fill out an online an application.

Will filling out the application effect my credit score?

Yes. Once we receive an application, your credit is pulled immediately. We then narrow it down to the best two or three funding sources to submit your request to in order to find the best financing options for your situation. 

What are the financing terms?

Financing terms depend on your credit score, purchase price of the truck, truck model and year, mileage, and your time in business. Loan terms typically range from 24-84 months accordingly. 

Should I list references on my financing application?

Yes. References should be listed so that TLG will be able to check and make an informed decision when setting a credit limit.

What is needed when signing a personal guarantee?

If signing the personal guarantee, please include a Social Security Number so that we can pull a FICO score.

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