Updated October 26, 2026
Quick answer
A business-purpose truck title loan is priced like a secured equipment loan, not a consumer title loan: commonly about 7-22% APR depending on credit, an advance of roughly 50-80% of forced liquidation value, and 24-72 months to repay. Axiant Partners, a business-loan broker in Boca Raton, sees the truck's age and mileage move the advance most, and credit move the rate.
Three Numbers Make Up the Offer
Every truck title loan offer comes down to three figures, and they are set by different things:
| Term | Typical range | Set mainly by |
|---|---|---|
| Advance | 50-80% of forced liquidation value | The truck |
| Rate | About 7-22% APR | Your credit and the business |
| Term | 24-72 months | The truck's age and the amount |
Typical ranges across lenders, not a quote. They are the same ranges the site publishes for equipment refinancing and equipment financing rates, because a business-purpose title loan is underwritten the same way: a titled asset with a resale market, and a business that has to carry the payment.
What Sets the Rate
Credit tier does most of the work. Ranges commonly seen across lenders for equipment-secured business credit:
| Credit tier | Typical APR | Typical term |
|---|---|---|
| 720+, 2+ yrs in business | 7-9% | Up to 72 mo |
| 680-719 | 10-13% | 36-72 mo |
| 640-679 | 13-16% | 36-60 mo |
| 580-639 | 16-22% | 24-48 mo |
| Below 580 | Limited programs | 24-36 mo |
Within a tier, an older or high-mileage truck commonly adds one to three points, because there is less life left in the collateral. Cash-out against a truck you own tends to sit at the higher end of a tier than financing a purchase, since the money is not buying a new asset. Fleets borrowing against several units usually do better than a single truck; see owner-operator vs fleet terms.
What Sets the Advance
The advance is a share of what the truck would bring at a quick sale, not what you paid or what a dealer is asking. What moves it:
- Age and mileage - the biggest single factor on any truck.
- Make, engine and spec - common tractors and straight trucks with a deep buyer pool advance higher than unusual builds.
- Body and equipment - a dump body, reefer unit or wrecker is valued separately from the chassis; see the dump, box and tow truck guides.
- Records - documented maintenance raises both the value and the share a lender will advance against it.
- What is still owed - comes straight off the top.
The full method is in how much you can borrow against a semi.
What the Payments Look Like
Illustrative arithmetic, not a quote. A tractor with a forced liquidation value of $80,000, owned outright, at a 65% advance - $52,000 - over 48 months:
| Illustrative APR | Monthly payment | Total of payments |
|---|---|---|
| 9% | $1,294 | $62,113 |
| 13% | $1,395 | $66,961 |
| 18% | $1,527 | $73,320 |
The spread between the best and worst tier on the same truck is about $233 a month. Test whichever figure you are offered against a slow month, not an average one.
Why It Is Nothing Like a Consumer Car Title Loan
Searches for a truck title loan often land on consumer title lenders. The products share a name and little else. The CFPB's 2016 study of single-payment vehicle title loans found APRs around 300% and that about one in five loan sequences ended with the vehicle repossessed.
| Consumer title loan | Commercial truck title loan | |
|---|---|---|
| Borrower | An individual | A business or owner-operator |
| Typical cost | APR around 300% (CFPB) | About 7-22% APR |
| Repayment | Often due in about 30 days | Amortized over 24-72 months |
| Underwriting | The vehicle | The truck and the business |
If an offer for a work truck is priced or structured like the left column, it is the wrong product. Business-purpose credit is also exempt from federal Truth in Lending disclosures, so ask every lender for the APR and the total of payments in writing. A short-term advance against receivables is a different comparison again: see title loan vs MCA.
Frequently Asked Questions
What is the interest rate on a commercial truck title loan?
Business-purpose truck title loans are priced like secured equipment loans, commonly about 7-22% APR depending on credit, with older or high-mileage trucks toward the higher end. These are typical ranges across lenders, not a quote.
How much will a lender advance against my truck?
Commonly about 50-80% of the truck's forced liquidation value - what it would bring at a quick sale - less anything still owed on it.
How long are truck title loan terms?
Commonly 24 to 72 months with fixed monthly payments, shorter for older trucks and smaller amounts.
Is a truck title loan the same as a car title loan?
No. A consumer car title loan is a short-term personal loan; the CFPB found APRs around 300%. A commercial truck title loan is business credit secured by a working truck, priced like an equipment loan and repaid over months.
Why doesn't my offer show an APR?
Federal Truth in Lending disclosures do not apply to business-purpose credit. Ask for the APR and the total of payments before you sign.
Sources & Further Reading
- CFPB: Single-Payment Vehicle Title Lending (2016) — The CFPB's study of consumer auto title loans: APRs around 300% and about one in five loan sequences ending in repossession - the product a commercial truck title loan is often confused with.
- 12 CFR 1026.3: Exempt Transactions (Truth in Lending) — Business-purpose credit is exempt from federal Truth in Lending disclosures, so a commercial offer may not show an APR unless you ask.
- FTC: Protecting Small Businesses Seeking Financing — The FTC's guidance to lenders, brokers and merchant cash advance providers on misrepresented costs, unlawful collection and false claims of government affiliation.
Figures above describe ranges commonly seen across lenders and reflect published guidance as of the date on this page. Confirm current terms with the cited source or your lender before acting.