How Much Does It Cost to Lease a Semi-truck?

If you are looking to acquire a semi-truck, you may be wondering about the cost of leasing one. The answer depends on various factors, such as the trucking company, the type of truck, and other considerations.


The Cost of Leasing a Semi-Truck

The cost of leasing a semi-truck varies depending on the age and condition of the truck. A semi-truck lease typically costs between $1,600 and $2,500 per month for new trucks. For used trucks, the average cost of leasing ranges from $800 to $1,600 per month.

It’s important to note that these costs exclude the initial down payment for the semi-truck or commercial truck lease. While leasing a semi-truck is generally more expensive than renting a passenger vehicle, it can be more affordable than purchasing a new truck outright. Therefore, it’s essential to consider the cost of fuel and maintenance when deciding whether to lease or buy.

Is It a Good Idea to Lease a Semi-truck?

When acquiring a semi-truck, you have two options – purchasing or leasing. Both methods have pros and cons, and the best option for you depends on your specific circumstances. One of the advantages of leasing a semi-truck is that it is easier than securing a loan, especially for those with bad credit. Leasing allows you to pay for the use of the vehicle without the responsibility of the entire purchase price. Thus, it can be a more accessible option for those who might not qualify for a loan.

Leasing may offer other benefits, such as lower monthly payments and upgrading to a newer model after your lease expires. However, it’s worth noting that you will only own the truck if you choose to lease. Whether leasing is right depends on weighing the pros and cons of your specific needs and circumstances.

Leasing or Financing a Semi?

If you’re considering acquiring a semi-truck, you may wonder whether leasing or financing is the best option. Both have advantages and disadvantages. Financing a semi-truck means you’ll own it once the loan is paid off, which is a good option if you use the same truck for many years. However, financing can be challenging to qualify for if you have poor credit.

On the other hand, leasing requires less stringent credit requirements and may offer lower monthly payments. However, you’ll never own the truck. At the end of the lease, you’ll have to return or purchase it, which can be costly. The decision between leasing or financing depends on your circumstances and priorities.

How Does a Semi Lease Work?

When you lease a semi-truck, you rent it from a company for a predetermined period. At the end of the lease, you can purchase the truck at a predetermined price. If you choose not to buy it, you must return it to the leasing company. Leasing a semi-truck allows you to test different models before committing to a purchase and has a lower upfront cost than buying. However, it would help if you also considered the potential for mileage overages and damage fees at the end of the lease.

Credit Score Requirements for Semi-Truck Loans 

Lenders usually prefer a credit score of at least 600 to approve a semi-truck loan, while some may require 660 or higher. However, the specific requirements vary among lenders. Generally, a higher credit score increases your chances of securing financing.

If your credit score is below 600, you can still get a loan, but you will likely pay a higher interest rate. To improve your chances of qualifying for a loan, you can pay down outstanding debt and keep your credit utilization low.

Is Buying an 18-Wheeler a Good Investment? 

Buying an 18-wheeler requires careful consideration of the total cost of ownership (TCO), including maintenance, repairs, fuel, and insurance. The initial purchase price of a semi-truck can range from $100,000 to $200,000. However, with proper maintenance, semi-trucks can last up to 20 years, and the TCO can be as low as $3,500 per year.

Therefore, buying an 18-wheeler can be a profitable investment for businesses that rely on them for transporting goods. However, it is crucial to research and consider the TCO before purchasing.


While leasing a semi-truck is an option for those with poor credit or who want to test different models, it also has drawbacks. Ultimately, whether to buy or lease a semi-truck depends on your specific needs and circumstances. If you decide to buy one, consider the TCO to make an informed decision.

About the author, Laurence Perkins

Laurence Perkins is the passionate car enthusiast behind the blog My Auto Machine. With over a decade of experience in the automotive industry, Perkins has knowledge and experience with a wide range of car makes and models. His particular interests lie in performance and modification, and his blog covers these topics in-depth. In addition to his own blog, Perkins is a respected voice in the automotive community and writes for various automotive publications. His insights and opinions on cars are highly sought-after.