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Covers semi-trucks and highway units, work and vocational trucks, and trailers. For pickups and light commercial vehicles see auto loans.
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| Brand | Typical used price | Financing note |
|---|---|---|
| Freightliner | $45,000 - $130,000 | Largest parts and service network in Canada, which lenders read as lower downtime risk on older units |
| Kenworth | $60,000 - $160,000 | Strong resale means lenders often accept higher loan-to-value on used units |
| Peterbilt | $60,000 - $165,000 | Same resale profile as Kenworth; both are PACCAR |
| International | $40,000 - $120,000 | Lower entry price, so more common in first-truck owner-operator financing |
| Volvo and Mack | $45,000 - $140,000 | Integrated powertrain, so some lenders limit older units on specialty drivetrains |
Barely. Lenders price on the unit's age, mileage, and your operating history, not the badge. Brand matters indirectly through resale: Kenworth and Peterbilt hold value well, so a lender may advance a higher percentage of the purchase price on a used unit from those makers. On a new truck the difference is negligible.
Usually 10 to 15 model years depending on the lender, and the term shortens as the unit ages. A 12-year-old truck might qualify for 36 months where a new one gets 84. Above roughly one million kilometres, options narrow sharply regardless of model year.
Yes, with some lenders. Expect an inspection requirement, possibly an appraisal, and tighter age limits than a dealer purchase, because the lender has no dealer warranty behind the unit. Sales tax is payable at registration on the greater of price paid or assessed value in most provinces.
Yes, though the requirements differ. Without an operating history, lenders will want a signed contract with a carrier, proof of your driving record, and often a larger down payment. Several lenders in our network fund first trucks specifically.
