While you may be able to qualify for a truck equipment loan without a down payment, the results will definitely be better if you can afford one. In fact, it’s recommended that you save up at least 10% of the truck’s final cost as a down payment and upward of 20% if you really want the best chances of approval for a favourable loan with good conditions. Offering a large down payment won’t just help you reduce your total debt payments, it will show your lender that you’re a serious client and hopefully help you build a solid relationship with them so you can get good deals on trucks for years to come.