Buying Your First Pump Truck is a Big Step
If you're running a septic or grease business, there's a chance that you've thought about buying your own pump truck. If you're ready to expand, owning your first truck is a huge milestone - but it comes with financial questions. Let's break down what you will need in order to confidently finance your first pump truck!
What's the Average Cost of a Pump Truck in 2025?
Pump truck prices vary depending on size, tank capacity, brand, features, and condition. Here is a ballpark range:
- Medium-duty trucks (26k - 33k GVWR): $80,000 - $170,000
- Heavy-duty trucks (33k - 66k GVWR): $120,000 - $260,000
A new, high-quality truck from a trusted builder like Iron-Vac is an investment - but one that often pays off!
What Will You Need for a Down Payment?
Most lenders require 10%-20% down, although well-qualified buyers may be able to get approved with less. For example:
- A $150,000 truck = $15,000 - $30,000 down
- Some used truck deals or promotions may lower that upfront cost
Credit Score & Financing Terms
Lenders usually want a credit score of 620 or higher, but even if your credit is lower, there are still financing options available - especially if you have a strong business case or co-signer.
Loan terms typically run between 3-7 years, with interest rates based on credit, time in business, and down payment size. Expect:
- APR ranges 7.5% - 12.5% (as of mid-2025)
- Monthly payments: Can range from $1,500 - $3,000/month depending on truck cost and terms
Documents You Might Need
Lenders want to know you're serious. Here's what they may ask for:
- Driver's license
- Proof of business or income
- Business bank statements (3-6 months)
- Truck invoice or quote
- Down payment funds
If you're a new business, be prepared to explain your work history and business plan in detail!
Is It Really Worth It?
In short: yes - if your business is growing. Many pump truck operators report making $2,000 - $5,000+ per week per truck depending on their market. If your truck can pay for itself in 12-24 months, it's not just a loan - it's a launchpad.
Where to Start?
At Iron-Vac Trucks, we work with multiple lenders who have many years in our industry. Whether you have perfect credit or are just getting started, we will help you find the right option.
We build ready-to-go trucks and offer full customization so you can get exactly what you need. Give us a call today at 501-279-0001 or check out our inventory!
By Riley Reed