Enter the truck price, down payment, loan term, and interest rate into the calculator to determine your monthly payment.
Semi Truck Financing Calculation Formula
The following formula is used to calculate the monthly payment for your semi truck financing.
Monthly Payment = Loan Amount * (r / (1 - (1 + r)^-n))
Variables:
- Loan Amount is the total amount borrowed ($)
- r is the monthly interest rate (annual rate /