Buy here pay here semi-trucks are more affordable than brand-new alternatives. Additionally, semi-truck buy here pay here dealers typically have more lax financing requirements, meaning you can get your hands on a rig even if you have imperfect credit.
But it can be tough to determine which buy here pay here companies are the best to work with if you need to purchase a used semi in the Sunshine State. That’s why we created this list of top buy here pay here dealers in Florida. If you need a reliable truck that won’t break the bank, this list is just what you’ve been searching for.
Quicklook: Best Buy Here Pay Here Semi-Trucks Florida
- Best for Overall Quality and Dependability: Freightliner
- Best for a Seamless Buying Process: Platinum Truck Sales
- Best for Drivers with Bad Credit: Bulldog Truck Sales
- Best for Cash Purchases: TSI Truck Sales
- Best for Affordability: Ryder
5 Best Buy Here Pay Here Semi-Trucks Florida Options
The companies that made our list of the top buy here pay here semi truck dealers in Florida are:
Freightliner
As the top-selling truck brand in the country, Freightliner had to make the cut. This company is known for producing world-class rigs that are built to last. Freightliner has a huge network of service facilities and authorized dealers throughout the nation, including in the Sunshine State.
Best For: Overall Quality and Dependability
Special Features:
- Dependable trucks
- A nationwide network of facilities
- Trucks are fuel-efficient and reliable
Benefits:
- Fuel efficient
- Trucks are well-priced
- Many different models are available
Disadvantages:
- Must pay extra for the best truck features
Platinum Truck Sales
Conveniently located on the west coast of Central Florida, Platinum Truck Sales offers true buy here pay here semi-truck purchasing. The company has upfront pricing, great customer service, and a willingness to finance just about anyone.
Best For: Seamless Buying Process
Special Features:
- Good inventory
- Fast financing process
Benefits:
- Finances drivers with bad credit
- Transparent pricing
- Offers in-house service and maintenance
Disadvantages:
- Rates can be high
Bulldog Truck Sales
When Bulldog Trucks Sales says they finance drivers with bad credit, they mean it. The company has a large inventory of later model vehicles and has plenty of truck styles to choose from. It also offers short-term rentals and leasing as well.
Best For: Drivers with bad credit
Special Features:
- Buy here pay here financing and leasing options
- Large inventory
- Easy to navigate process
Benefits:
- Reasonable rates
- Flexible repayment terms
Disadvantages:
- Bulk of inventory is located in GA, not Florida
TSI Truck Sales
TSI Truck Sales is a smaller outfit based in Lake Wales, FL. This mid-sized town is located in the heart of Central Florida, between Tampa and Orlando. If you want personalized service and need an affordable truck, TSI Truck Sales is a solid option.
Best For: Cash purchases
Special Features:
- Hosts online auctions
- Personalized service
Benefits:
- Affordable vehicles
- True buy here pay here semi-trucks available
Disadvantages:
- Rates could be better
- Limited inventory
Ryder
Ryder’s inventory includes thousands of used vehicles and trailers. The company has some of the best prices around and can help you find an affordable semi-truck to launch your business. Many trucks even include a Ryder warranty, which decreases your cost of ownership during the first few years.
Best For: Affordability
Special Features:
- Certified vehicles include a warranty
- Thousands of trucks available
Benefits:
- Great pricing
- Huge selection
- Warranty included with many vehicles
Disadvantages:
- Stringent financing requirements
What Are Buy Here Pay Here Semi-Trucks?
Buy here pay here semi-trucks are vehicles that can be purchased directly from sellers using in-house financing. This approach eliminates the hassle of seeking approval from a bank, credit union, or other financial institution.
Most buy here pay here semi-trucks are a great option for new businesses that have little to no documented income and drivers with subpar credit.
How Do Buy Here Pay Here Semi-Trucks Work?
Sellers that offer buy here pay here financing handle everything in-house. They write up the purchase agreement, collect payments, and keep up with your loan balance.
Since they are absorbing the risk of the purchase, they can choose to do business with drivers that have less than ideal credit. However, most semi-truck buy here pay here dealers will increase the interest rate when dealing with risky clients.
Short Term Lease or In House Financing: What’s the Right Move for Me?
Now that we have rounded out our list of the top 5 best semi-truck buy here pay here dealers in Florida, you have a decision to make. You can either start shopping for buy here pay here straight trucks and semi-trucks, or you can pursue a short-term lease. But which route is the right move for your business?
That is a question only you can answer. However, this guide breaking down the difference between leases and loans will help you make an informed decision.
With that being said, thoroughly read through the contract associated with each option. Pay careful attention to details like loan terms, interest rates, and monthly payments — you will be behind the wheel of your next semi-truck in no time.
FAQ
The exact requirements will vary depending on the financial institution, how much you are financing, and other factors. However, most lenders like to see a score of 620 or higher. Buy here pay here semi-trucks are typically not subject to this same requirement.
Interest rates can range from as low as 5% to as high as 30%. Generally, anything under 10% should be considered to be a reasonable interest rate for a semi-truck, especially if your credit isn’t the best.
Many of the top semi-truck brands are similarly priced. All of them depreciate with age and mileage. However, you could probably find a serviceable semi-truck for somewhere in the $30,000 range. Be prepared to perform some maintenance, though.