What Credit Score Is Needed to Finance a Semi Truck?

What Credit Score Is Needed to Finance a Semi Truck?

Jun 10, 2025

If you're looking to finance a semi truck, one of the first questions you may ask is: What credit score do I need? The answer depends on the lender and your overall credit profile, but here’s a breakdown of what we typically see at Nationwide Equipment Finance (NEF Now):

Typical Credit Tiers:

  • Excellent (700+): Best rates and terms. May qualify for 0% promotional financing or $0 down programs.
  • Good (650–699): Still competitive rates. Might need some down payment.
  • Fair (600–649): Likely approved with moderate down payment.
  • Poor (<600): Higher rates. May need co-signer, higher down payment, or additional documentation.

At NEF Now, we work with over 40+ lenders nationwide to help clients of all credit profiles find a financing path. We also consider time in business, monthly income, and truck value—not just credit score.

If you’re unsure where you stand, reach out for a pre-qualification check with no impact to your credit.