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Peterbilt Truck Financing and Leasing in Moncton, New Brunswick

Owning Peterbilt trucks in Moncton is flourishing as an investment opportunity, partly due to their constant demand in the shipping industry. This has led to many Moncton businesses purchasing additional Peterbilts for assistance with their transport, hauling, winching and rigging needs, as well as for a variety of other miscellaneous heavy duty tasks. Peterbilts are well known for their safety, quality and reliability, so it’s no surprise that Moncton drivers across industries rely on this brand.

Whether you’re a Moncton owner-operator in the busy transportation, warehousing or construction sector, or a local business seeking to expand your fleet, obtaining financing to aid in the purchase of your new Peterbilt is a vital step in the acquisition process.

Here at Smarter Loans, we work with some of Canada’s best Peterbilt truck financing companies, in an effort to give you access to a wide range of viable financing options.

Try searching through the list on our website to compare interest rates, customer reviews and loan offerings from various providers. If you see a provider you like, simply click “Apply Now” to start your financing application. Or, apply for pre-approval through us. Our experts can help you determine which provider and loan is right for you, and means you can get the financing out of the way before visiting a dealer in person. We can even connect you with local Peterbilt dealers to help you find the truck you need!

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Major Industry Sectors Serviced by Peterbilt Trucks in Moncton, NB

Around 2,500 people work as truck drivers in the Moncton region, with the majority in the following sectors:

  • Transportation and warehousing: 66%
  • Construction: 11%
  • Wholesale trade: 5%
  • Other industries and support services: 18%

As Moncton is a central hub between the country’s interior and the Atlantic provinces, the Maritimes rely on Moncton transport drivers to connect them with the rest of Canada.

Given Moncton’s status as the gateway to the Atlantic provinces, it shouldn’t be surprising that the most popular Peterbilts are those best suited to long haul transport.

Peterbilt Trucks for Transportation and Warehousing

Moncton drivers prefer the classic on-highway Peterbilt truck models for their transport and warehousing needs – like the Peterbilt 579 and 389. The Class 8 heavy duty model 579, available since 2012, has a PACCAR MX or Cummins ISX engine, and modern, aerodynamic styling to increase on-highway efficiency. It also has a very driver-friendly, roomy and ergonomic cab. The 389, on the other hand, is a more traditional truck, but also has state-of-the-art systems and the same engine choice as the 579. Both are heavily used for long haul driving.

Peterbilt Trucks for Construction

Construction drivers in Moncton use mixer trucks, dump trucks, cranes, flatbeds and other vocational trucks based on the Peterbilt 567 (available from 2015 to present). This versatile, rugged truck can be adapted to any jobsite and even comes with an alternative fuel platform if desired.

Truck Driver Jobs in Moncton, NB

Working as a truck driver in Moncton means relying on a couple of major industries, and as the health of the economy changes, the demand for drivers will change too. At the moment, demand for drivers in the area is focussed on:

  • Long haul truck drivers
  • Truck-trailer drivers
  • Vocational truck drivers
  • Moving van drivers

Getting a Commercial Truck Driver’s License in Moncton, NB

New Brunswick has a graduated licensing system, and several different types of commercial license. Drivers can either apply for a Class 1 or Class 3 license, depending on whether a semi-truck/trailer license or a vocational license is required. The steps to qualify for both are the same, as follows:

  • Be at least 18 years old
  • Have a full Class 7 driver’s license
  • Have completed the Graduated License Program
  • Complete a Medical Fitness Report
  • Pass a vision test
  • Pass a written knowledge test
  • Pass a road test
  • Pass a seperate test for air brakes if required

Frequently Asked Questions About Peterbilt Trucks in Moncton, NB

Where can I buy a Peterbilt truck in Moncton, NB?

The obvious starting point for buying new and used Peterbilt semi-trucks in Moncton is the Moncton branch of the Peterbilt Atlantic chain of dealerships. This chain also has branches in nearby cities, as well as locations throughout the Atlantic provinces. They stock the full range of Peterbilt vehicles, and offer parts and service too. You may also find used Peterbilts for sale in Moncton in the wide range of other heavy truck dealerships; their inventory may vary, so it’s worth calling around to see what they have in stock. Or, if you would prefer to buy online, this is an increasingly popular option, with several Canada-wide sites to choose from.

Are there specialized Peterbilt truck service centres in Moncton, NB?

Specialized Peterbilt trucks maintenance can be found at the Peterbilt Atlantic dealership. The staff here are the local experts in Peterbilt care and have been trained at Atlantic Canada’s only Peterbilt academy. They offer a full suite of service, maintenance and parts options, and can also guide you through Peterbilt’s selection of special service plans, which will help you keep your fleet in perfect condition. For example, their TruckTech+ program allows for remote monitoring of truck health, enabling more efficient maintenance scheduling. Service is also available at other truck service centres in the area, and many will have some experience with Peterbilts, though they may need to order in parts from elsewhere as they won’t stock everything themselves.

What is the average price of a Peterbilt truck in Moncton, NB?

New and used Peterbilt trucks are available in Moncton at costs comparable to the rest of Canada, thanks to the growth of online marketplaces. These websites have helped to smooth out regional variations in prices. A new Class 8 Peterbilt starts from around $185,000, but can cost over $500,000 for higher spec models (for example, models 389 and 579, which are popular in Moncton’s transport sector).

As Peterbilts are well known for their reliability, the used market is also a great option, and a way to get more bang for your buck. In Moncton, a 6 year old 579 can be found for as little as $20,000, and newer versions of the same model are commonly available for $35,000 and up. For those seeking vocational Peterbilts, such as the 567 popular in Moncton’s construction sector, there is less availability in general compared to the on-highway models, but when they do come on the market they start at around $25,000.

What are the top Peterbilt truck financing options in Moncton, NB?

Customarily, the first port of call for Peterbilt truck financing in Moncton is the dealership selling you the truck. Dealer financing usually relies on several financial entities which the dealership has agreements with – like banks, credit unions, and other financial institutions. Because each of these providers has a different set of rules and criteria, their interest rates and loan terms will vary, as will likelihood of approval.

Another option is to seek truck financing online. Buyers are increasingly choosing to pre-apply for their financing online, before even visiting a dealership. This can be done from the comfort of your own home, and means you will know your loan terms before purchasing a truck. It also means access to the many companies that specialize in truck financing. This is a particularly worthwhile route if you are unable to access standard financing through your dealer for any reason, such as low credit score or the need for a non-standard loan.

Can I get financing for a fleet of several Peterbilt trucks in Moncton, NB?

Yes, it is possible to get financing for a fleet of Peterbilts trucks, largely because of the availability of loans from specialized truck financing companies. These companies can offer a variety of loan options to buyers in Moncton and across Canada, including loans for multiple trucks or trailers. Whether you’re seeking to replace a few old trucks, or if you’re greatly expanding your fleet, inquire with your local Peterbilt dealer or check online to better understand your financing options. The types of loan and amounts you are eligible for will depend on the lender, their eligibility criteria, and your business’s circumstances.

Can I get financing for a Peterbilt truck with bad credit in Moncton, NB?

Yes, it is possible to get Peterbilt truck financing with bad credit, though it may mean a higher than average interest rate. Anyone with a credit score of less than about 650 is considered a higher risk borrower, and so may find obtaining financing a little trickier. Thankfully there are plenty of specialized truck financing companies, and bad credit providers, who are used to working with borrowers with lower credit scores and who will still be able to help you. The offset is that you may have to pay a higher rate or agree to other punitive loan terms.

How do I qualify for Peterbilt truck financing in Moncton, NB?

To qualify for truck financing in Moncton for your new Peterbilt, you must meet some basic eligibility criteria. You must:

  • Be at least 18 years old
  • Be a Canadian resident
  • Hold a valid driver’s license
  • Show proof of income

If you meet these requirements, you must then also pass through some lender-specific hurdles, relating to:

  • Personal credit score (usually a minimum threshold applies)
  • Past financial history
  • Current financial situation
  • Loan required

As mentioned above, a low credit score or past bankruptcy does not mean you won’t be able to get a loan, it just means that you may not have access to preferable loan terms.

Useful Resources for Peterbilt Truck Buyers in Moncton, NB

Different Types of Loans in moncton

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