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by snowypine 1253 days ago
I'd say it's more market conditions over anything else. Truck drivers generally have poor credit - they're not going to be able to come up with ~400k otherwise. As a result, you get lenders that charge more.

Also, repossessing trucks across the country is kinda an issue. You might need to drive hundreds or thousands of miles to claim the truck which is a nightmare that carriers deal with on a daily basis.