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Mississauga’s truck drivers overwhelmingly work in transportation and warehousing. The sector requires trucks and truck drivers to continuously carry heavy loads, often on long hauls. For the strength and reliability that these companies and drivers need, Kenworth is one of the top choices.
If you want to buy a Kenworth truck in Mississauga, shopping and financing is easy now. You have many Kenworth trucks to choose from in Mississauga and nearby towns. In fact, Smarter Loans can help you with 2 key tasks: finding a Kenworth truck and finding financing for it.
We work with truck financing companies across Canada and can match you with local dealers that can sell you your Kenworth truck.
Below you will find a list of Canadian companies that specialize in helping truck buyers from Mississauga, ON and across Canada finance their truck purchase.
You can apply for truck financing right from that list by clicking “Apply Now” or you can choose to Pre-apply with Smarter Loans and let us help you find a good financing option for you.
Mississauga has a large and bustling truck driving community. But the work available to truck drivers is in a smaller selection of industries than it is in most cities.
81% of Mississauga’s just over 47,000 truck drivers are working in the transportation and warehousing sector.
Kenworth trucks for transportation and warehousing
Carrying light loads on a lower budget? Then the T370 can handle your needs. The T370 uses the weaker PACCAR PX-7 engine, but they’re affordable and get the job done. But for large and/or long hauls, Mississauga truck drivers prefer the W900 line. New Kenworth W900L trucks come with superior power and comfort. They also come with the reliable CUMMINS X15 engine.
There are plenty of truck driver jobs currently available in Mississauga. The most in-demand positions in Mississauga are:
Mississauga commercial truck driving licenses are regulated by the Ontario Ministry of Transportation. 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:
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.
You have many options for buying a Kenworth truck in Mississauga.
Mississauga has a Kenworth dealership located in town. They don’t offer the advanced maintenance services that many other centres do. But if you don’t find what you’re looking for, the Toronto Kenworth dealership is close by.
If you want to shop for a cheaper used Kenworth truck, you can look online. Mississauga is full of people looking to sell used trucks on online marketplaces. With Toronto so close by, your options are even better.
So, you can buy new and used Kenworth trucks at their dealerships. You can also search online for listings by multiple truck dealers.
You can get remote assistance and discounts with Kenworth:
The Kenworth centre in Mississauga doesn’t participate in the PremierCare program. But there are lots of unspecialized truck service centres in and around Mississauga.
If you want to benefit from the PremierCare program, you can do so at the Kenworth location for Toronto, in Vaughan. The program offers an elite fleet maintenance system that can be managed from your computer. It also offers roadside assistance in case of mechanical problems, regardless of location.
The TruckTech+ program offers troubleshooting and preventive measures to keep your Kenworth trucks efficient.
If you have minor issues, you can go to one of the many businesses that service trucks in Mississauga. But long-term care like that provided by PremierCare will prove the most useful.
In Mississauga, ON new (2019-2020), heavy duty Kenworth models start at $190,000 CAD and go up to $300,000 CAD. If you’re willing to purchase an older (3-7 year old) heavy-duty Kenworth truck, you may have to pay anywhere from $35,000 CAD to $155,000 CAD depending on the model, milage, modifications and condition. If you want to purchase a truck that is over 7 years old, there are cheaper rates available.
Buyers often look for financing directly from the dealership. This method is about as old as the truck-buying industry itself. The only problem is your dealer can’t ensure you get the best rates. In fact, they can’t even ensure your loan application will get approved.
Truck dealerships usually work with a few lenders. These lenders, be they banks or truck financing companies, will have their own borrower requirements. Your dealer will simply call them and try to arrange a loan for you.
As convenient as dealership truck loans are, more people are looking for truck financing online now. When you look online, you simply have more time to compare more options. You can also prequalify online now, so you don’t need to risk having your application rejected.
Yes. You can expand your fleet or start another one with a loan.
Your financing requirements for a fleet of Kenworth trucks will be significant. So, you will have a better chance to be approved for financing if:
Financing multiple Kenworth trucks will be harder. But if you can absorb the costs of financing them, you should be able to get a loan to add to/make your fleet.
If you have bad credit (FICO score below 575), it will be harder to access good financing options. A low credit score will cause some lenders to reject you. But other lenders will offer you financing at higher rates or may require collateral. Even if your credit score is bad, you can still get truck financing.
There are 2 sets of requirements you must pass to get truck financing. The first set of requirements are the ones the federal government sets out for you to be allowed to apply for financing:
The second set of requirements are the ones laid out be each individual lender:
Exact requirements for the above vary widely by lender.