Kenworth Truck Financing and Leasing in London, Ontario

Kenworth trucks have a solid reputation in the trucking industry for their reliability, sturdy construction, comfort and cost. These trucks have always been in high demand among Canadian truckers. In London, ON Kenworth trucks are among the most popular. They are used to transport goods and materials across the region, catering to the needs of the bustling retail and medical research industries.

The market for Kenworth trucks in London, ON is big, with new and used Kenworth trucks offered for sale by the official Kenworth dealers, corporate and individual owners.

At Smarter Loans we make it easy for you to find the truck you want at a local dealer and find financing for this truck by giving you access to some of the most reputable truck financing companies in Canada.

Below you will find a list of companies that specialize in Kenworth truck financing and that can help you finance the purchase of a new or used Kenworth truck. You’ll find their information and rates listed there as well.

If you’ve already found your truck and only need financing you can click “Apply Now” and proceed to the application right away. You can also pre-apply with us and we will help you find a financing option that works for you as well as a good truck you can purchase from one of the local dealers.

Truck Loan Calcualtor

$5k$100,000$1000K
$0k$10,000$500K
1%5%30%
1 year2 year term5 years
$
$

Your Payment Details

Your Payment Details

"Below you will find a detailed breakdown of your payments in each month and each year. Find out how much interest, principal and total you'll be paying with the information you entered. Change your term length, interest rate and loan amount to see how it impacts your payment breakdown."

Quick Links

Major Industry Sectors Serviced by Kenworth Trucks in London, ON

There are a few industries served by truck drivers in London. But apart from transportation and warehousing, none of these sectors make up more than 4% of London’s truck driving workforce. Transportation and warehousing takes up 74% of all London truck driving positions.

Kenworth Truck Models that are Popular in London, ON

The transportation and warehousing sector in London, ON can make use of several different Kenworth model lines. Their effectiveness can be determined by the demands for cargo and the length of the haul. The W900 and T800 lines offer the best long-hauling capabilities. They are good for most trucking needs. London truck drivers prefer the power, reliability, and comfort that the W900 line offers. But the CUMMINS X15 engine powers both of these lines.

The T800 lacks the sleepers and a few other comforts of the W900. But on a smaller budget, you can get the same CUMMINS X15 engine. The result is slightly inferior horsepower but at a lower cost. But the T800 comes with better fuel-efficiency as well.

Truck Driver Jobs in London, ON

London has just a few new truck driver jobs available, relative to similarly-sized cities. But there are still hundreds of positions available, primarily in:

  • Transportation truck driving (short trips)
  • Long haul truck driving
  • Truck driving instructing
  • Heavy truck driving

Getting a Commercial Truck Drivers License in London, ON

London commercial truck driving is regulated by Ontario’s provincial regulations. The Ontario Ministry of Transportation lists all requirements. If you want to be able to drive any truck, you’ll need a Full Class A license.

The requirements for a Full Class A license are, in order:

  1. Being 18 years old
  2. Having a valid full drivers licence
  3. Passing a vision test
  4. Passing a medical test
  5. Knowledge testing
  6. Passing an entry-level trucking test
  7. Passing the Class A road test

You can apply for testing at any DriveTest Centre or the Service Ontario College Park Location in Toronto. You will need to present a valid ID.

Frequently Asked Questions about Kenworth Trucks in London, ON

Where can I buy a Kenworth truck in London, ON?

Kenworth has a full-service dealership and service center in London. There, you can buy new and used Kenworth trucks. Of all the places to buy a Kenworth truck in London, they offer the most variety.

You can also find Kenworth trucks for sale in London on popular Canadian online marketplaces. You can find cheaper deals for used trucks there.

Are there specialized Kenworth truck service centres in London, ON?

Yes, there is a specialized Kenworth service centre in London. The Kenworth service centre offers advanced services if you subscribe to their PremierCare program. The PremierCare program even offers roadside assistance when necessary. But the main selling point they offer is a technologically advanced fleet services program. The company will work with you to ensure continued efficient fleet performance.

They also offer their TruckTech+ program to all customers. The TruckTech+ program offers remote assistance before problems even arise. It also helps you troubleshoot existing problems.

What is the average price of a Kenworth truck in London, ON?

The heavy duty Kenworth trucks cost $90,000 to $170,000 if you want a newer model. These 26,000+ trucks can handle the most demanding work. If you want a 5 to 10-year-old model, the costs go down to $37,000 to $77,000.

Prices from sources other than dealerships will have much more variation.

What are the top Kenworth truck financing options in London, ON?

Kenworth truck financing in London isn’t as restrictive as it used to be. But getting financing from your dealer’s partner lenders is still the most straightforward way to get your financing.

You can get a loan at your dealership, but you may face several problems. Dealers typically work with just one or a few lenders. These banks and truck loan companies are just a few of the options available to you. Also, you stand a higher chance of being rejected if you just show up at the dealership.

Traditional lenders like banks and credit unions are a good option. They take more time than other lenders, but they offer the most competitive rates.

You can find traditional and alternative truck financing online. The benefits of online truck financing are:

  • Time saved from pre-approval before you get to the dealer
  • Less risk of rejected applications
  • A wider selection of financing options to choose from

Can I get financing for a fleet of several Kenworth trucks?

Yes, you can build or expand your fleet with financing. If your credit score is good, you should have access to larger loans. If you qualify for more funding, there is no reason you can’t get more of it for Kenworth trucks.

Lenders look at many factors when creating a loan offer. Your debt schedule, credit, and income will be taken into consideration. You can prequalify online to see how much money you can borrow.

Can I get financing for a Kenworth truck with bad credit?

Yes, you can get Kenworth truck financing with bad credit in London.

Some lenders will reject your application when your credit score is low. Many lenders will still lend you money, but their rates will be higher and you will usually receive shorter terms. Try discussing your situation with the truck financing companies and take your time to compare rates.

How to Qualify for Kenworth Truck Financing in London, ON?

Truck financing in London comes with a few requirements. First, you must be able to get a loan in the first place. To qualify, you must have:

  • Age above 18
  • Canadian resident
  • Valid driver’s license
  • Proof of monthly income

Each truck financing company also has its own requirements regarding:

  • Your credit score
  • Loan amount
  • Your current income

Useful Resources for Kenworth Truck Buyers in London, ON

Different Types of Loans in london

Elite Trusted Lenders

These companies are recognized for their excellent service, product offering and financial literacy education for all Canadians.