Whether you're launching or expanding a business in the commercial trucking industry, one question tends to loom large — "How much does a semi truck cost?"
The cost of a semi truck in 2023 ranges from $15,000 for used models to over $240,000 for new, high-end models. The price depends on factors such as the type of truck, brand, model, engine type, and additional features.
Photo by Kevin Bidwell
In 2023, the average cost for new semi trucks ranges between $150,000 for basic models and $220,000 for models with custom features.
As of the publication piece, the average price of a new sleeper semi truck for sale on My Little Salesman was $220,750. This figure can climb for high-end models—such as a new Volvo Sleeper or Freightliner Cascadia.
Higher prices are also in store if you're considering additional features like fuel-efficient systems to reduce fuel costs, advanced safety technology, or a luxurious sleeper semi. For these upgraded trucks, the cost can easily rise above $240,000.
A used semi truck offers a more affordable option—ranging from $15,000 to $187,000, depending on factors such as the type of truck, age, mileage, condition, and brand. For instance, a decade-old semi truck with over 700,000 miles could fall at the lower end of the price spectrum, while a newer, lower-mileage model could reach the higher end.
In 2023, the average cost of a used sleeper semi for sale on My Little Salesman was $104,500.
This figure greatly depends on the model year of the used semi truck in question.
For instance, in 2023, on My Little Salesman:
- For 2018-2021 used sleeper trucks, the average price is $116,200.
- For 2014-2017 used sleeper trucks, the average price is $79,447.50.
- For 2010-2013 used sleeper trucks, the average price is $70,999.50.
A variety of elements can influence the cost of a semi-truck, including:
- Brand and Model: Certain brands like Peterbilt or Kenworth carry a premium due to their reputation for quality and durability.
- Engine Type: Diesel engines, known for their long lifespan and fuel efficiency, are often pricier than gasoline engines. This being said, most highway trucks have diesel engines.
- Additional Features: Additions such as collision mitigation systems, lane departure warnings, or advanced telematics systems can increase the price depending on the type of truck.
- Market Conditions: Economic trends, supply-demand dynamics, and international trade policies can all impact semi truck prices.
Looking forward, semi truck pricing may be impacted by technological advancements, changes in environmental regulations, and shifts in the global economy.
Photo by Quintin Gellar
While the sticker price of semi-trucks can be daunting, financing options can ease the situation with affordable monthly payments. Whether through a dealership or an equipment financing company, you can find financing solutions with varying interest rates and terms—which can greatly influence the overall cost of your semi truck.
Depending if you have good or bad credit and the terms of your loan, financing could either reduce your upfront cost or extend it over a more manageable period.
Looking for your next semi truck? My Little Salesman has your back.
With a vast selection of both new and used trucks for sale, we can help you find the perfect truck for your needs.
Look through a vast inventory of sleeper semi trucks for sale or day cab semi trucks for sale to find your next rig!