Calculator
Semi Truck Loan Payment Calculator
Monthly payment on a commercial truck loan.
Quick answer
Truck loan payment uses standard amortization. A $130,000 truck at 11% for 60 months is about $2,827/month.
Monthly payment
$2500
Total interest
$35023
Total paid
$165023
Formula
Payment = P × r ÷ (1 − (1+r)^−n), where r = APR/12 and n = term months
Benchmark: NTEA/EDA 2026 — owner-operator commercial truck loan APR median 11.4%.
How it works
- 1Enter truck price
OTR price including FET (12% federal excise) when buying new.
- 2Enter down payment
Lenders typically require 10–20% down for owner-operators.
- 3Set APR and term
60-month is most common for owner-operators; 72-month lowers payment but pays more interest.
Example: $130k truck, $15k down, 11% / 60 mo
| Monthly payment | $2,500 |
| Total interest | $34,990 |
| Total cost of truck | $164,990 |
Takeaway: A 1% lower APR on this loan saves ~$3,800 in interest — credit score and down payment matter.
Key takeaways
- 650+ credit + 15% down unlocks 9–13% APR.
- Used trucks price 1–3 APR points higher than new.
- Avoid 84-month loans — depreciation outpaces payoff.
Frequently asked questions
What is the average APR for a semi truck loan?+
In 2026, semi truck loan APR runs 9–15% for owner-operators with 650+ credit, and 15–22% for sub-650 or new-authority buyers. Used trucks typically price 1–3 points higher than new.
Last reviewed June 15, 2026 by the Bonafide Trucking Solutions dispatch team.