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The demand for truck financing in Hamilton has been increasing steadily with many folks looking into buying their own truck to work independently. Kenworth trucks are one of the top choices of Hamilton truck drivers due to the efficiency and reliability of these trucks.
Hamilton’s options for buying and financing Kenworth trucks are wide. Now you can compare all options available for you online and find the best financing solution for your needs before you go to your dealer. This is where we can help you.
At Smarter Loans, we can find the right Kenworth trucks financing for Hamilton drivers regardless of their history. We host a roster of Kenworth truck loan providers who have been dedicated to assisting any applicants acquiring the funding they need to make purchase new trucks for their business. On top of that, we have simplified the process where applicants can receive their funds within the same week as applying.
Smarter Loans works with the best truck financing companies in Canada to provide fast and efficient financing.
See the list of companies below, review their offerings, interest rates and customer reviews to make an informed choice. On average, our applicants are able to walk away with money for their new Kenworth trucks within days of applying.
Hit the “Apply Now” button after selecting which provider you wish to move forward with. If the process is overwhelming, we suggest you to pre-apply at Smarter Loans instead. We can review your application and select a dependable Kenworth truck loan provider in Hamilton.
If you’re looking for a truck driving job in Hamilton, there are several industries looking to employ you. Hamilton’s truck driving jobs serve the following sectors:
Kenworth trucks service these industries and several other ones, to a smaller extent. You can find many jobs in long haul driving, in particular. As of December 2019, there were over 12,400 truck drivers working in Hamilton.
The T880 model line is desired for it’s reliability during long hauls. It offers comparable power to the classic W900 line. With the same CUMMINS X15 engines, you can move as much as you need to. But you won’t get as many of the little touches that make the W900 so popular. But you can expect power and improved fuel-efficiency.
For a higher price, you can also use trucks in the W900 model line. This classic line comes at a cost, but it offers immense power and driver comfort. If you want to move heavy loads and want to make drivers happy, the W900 is the prefered option.
The Kensworth T680 offers the comforts and horsepower you need at a reasonable price. They too feature the CUMMINS X15 engines that make the top Kenworth models so desirable. They can handle highly demanding tasks.
The T680 and W990 model lines offer similar power to the more popular Kenworth trucks. They are not as expensive or desired, but they are effective in the wholesale trade sector.
Hamilton truck drivers keep several key industries running. In fact, job opportunities for truck drivers in Hamilton are more plentiful than they are in other nearby cities. You can find many job postings for:
Hamilton drivers are licensed according to Ontario provincial regulations. You need a commercial driving license up to the class of truck you want to drive. If you want to have the most opportunities, you’ll want a Class A license.
The requirements for a Full Class A license are:
You can apply for testing at any DriveTest Centre or the Service Ontario College Park Location. If you’re an Ontario resident with a valid ID, you can get started right away.
The first option for buying new and used Kenworth semi-trucks in Hamilton is the Kenworth dealership. There is one dealership in town and more in the big towns in Ontario.
You can also buy used and new Kenworth semi-trucks on some online platforms. You can often find cheaper deals on these online platforms. But keep in mind that loans for these used trucks will often come with higher rates.
Both of your options can be good. But online truck shopping is becoming more popular, so you may find more variety on online truck marketplaces.
You can receive servicing at the Hamilton Kenworth dealership and other servicing centers. Unfortunately, the Hamilton location doesn’t participate in the comprehensive PremierCare program. That means that your services there will be less comprehensive.
If your fleet frequently goes by Vaughan or Cambridge (near Kitchener), Kenworth locations there participate in the PremierCare program. So, you can go to those locations to receive maintenance and advanced fleet services. PremiumCare also offers roadside assistance in the case of a mechanical problem.
There are several other truck service centers in Hamilton. They won’t offer specialized Kenworth services, but they may be able to handle more generic concerns.
Prices for new and used Kenworth trucks are not listed by the Kenworth dealership. To find out what the model you want costs, you can request a quote online.
You can also buy used Kenworth trucks on online marketplaces. New heavy duty models start at $45,000 and go up to just over $243,000. You can get similarly popular and reliable models that are 5-10 years old for less. Those older models are selling for $34,000 to $61,000.
When buying a used Kenworth truck, be aware that financing will be harder. Lenders are more reluctant to finance older trucks and your interest rates will be higher.
Financing for most Kenworth trucks is done at the dealership. Truck dealers work with lenders to help customers pay for their trucks. So, your choices will be limited at the dealership. You may even face rejection, depending on your credit score and income.
You can also try to get a business loan from a traditional lender. Banks and credit unions will often finance truck purchases as a business expense. They scrutinize their borrowers more, but they usually offer low rates and favourable repayment terms.
Finding Kenworth truck financing options in Hamilton online has become more popular. The reasons are that you can compare your options conveniently and get pre-approved in advance.
You can get more financing for Kenworth trucks if you need to. Truck financing options aren’t necessarily restricted to just one truck. So, you can borrow money to build or just expand your fleet.
The more money you request from lenders, the riskier they will perceive the loan. Lower credit scores will lower the quality of the financing options you have.
Yes, you can get Kenworth truck financing with bad credit. Just be aware that there are a few downsides.
Most lenders have minimum credit limits that they’ll want you to meet. But that doesn’t mean you can’t find truck financing with bad credit. You still have many options and can discuss your situation with the truck financing companies you go to.
If you’re looking for truck financing in Hamilton, you need to meet 2 series of requirements. First, you must be eligible to get a loan in Canada. Those requirements are:
Each truck financing company has its own requirements. Those requirements will be based on: