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Kenworth Truck Financing and Leasing in Toronto, Ontario

Toronto is the largest contributor to the Canadian economy with its share of national GDP comprising 20%. The city is also one of the most important economic hubs in North America and the world. The bustling economy of Toronto and GTA employs around 50,000 transportation truck drivers who service the city’s aerospace, construction, technology, design, education, retail, wholesale and other industries.

Kenworth trucks are among the top choices for a variety of transportation, construction and maintenance jobs that are performed in Toronto every day. These trucks are known for their reliability, performance and comfort. The demand for Kenworth trucks among the companies in Toronto has always been high, and the city is one of the largest markets for Kenworth trucks in the country.

If you are in the market for a Kenworth truck Smarter Loans can help you find the truck you are looking for at a local Toronto dealer and get you pre-approved for financing. Click here to get started now.

Below you will see some of Canada’s best financing companies that specialize in truck financing. If you already found a truck you want to buy and only need financing click “Apply Now” next to the name of the company of your choice and apply for a loan directly.

You can also pre-apply with Smarter Loans. When you pre-apply we can help you with financing as well as finding a Kenworth truck dealer that has the truck you want to buy.

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Major Industry Sectors Serviced by Kenworth Trucks in Toronto, ON

Toronto employs about 47,100 truck drivers. They primarily work in the transportation and warehousing sector, which comprises 81% of all truck driving positions in the city.

There is a collection of other sectors serviced by Toronto truck drivers. But those sectors all make up less than 5% of all Toronto drivers.

Kenworth Truck Models that are Popular in Toronto, ON

Toronto truck driving jobs often involve continuous long hauling. Many of these jobs require consistent, reliable performance. The W900 model line is preferred for its reliability, power, and driver comfort. The Kenworth classic model line even comes with sleepers. All trucks in the line also come with the CUMMINS X15 engine.

Truck Driver Jobs in Toronto, ON

Toronto has hundreds of open positions for truck drivers. There is a diverse range of available positions, but it’ll be easier to find employment as a:

  • Short haul truck driver
  • Long haul truck driver
  • Class 1 truck driver
  • Grocery gateway truck driver
  • Hydrovac truck operator
  • Truck driver supervisor

Getting a Commercial Truck Drivers License in Toronto, ON

To gain better access to employment, you should get a Full Class A license in Ontario. All regulations surrounding Ontario commercial driver’s licenses are overseen by the Ontario
Ministry of Transportation. To get a class A license from them, the requirements are:

  • Being 18 years old or older
  • Having a full driver’s license

If you qualify, the steps to getting your license are:

  1. Passing the vision test
  2. Passing the medical test
  3. Passing a knowledge test for large trucks
  4. Lastly, passing the road test (You can book a road test at a DriveTest Centre or the Service Ontario College Park Location)
  5. If you want to drive with air brakes, separate tests are required

Frequently Asked Questions about Kenworth Trucks in Toronto, ON

Where to buy a Kenworth truck in Toronto, ON?

There is a Kenworth dealership in Vaughan. There, you can buy one of many new or used Kenworth trucks. The location also offers servicing and participates in advanced service package programs.

If you want, you can find new and used Kenworth trucks from other dealers. They can usually be found online, but each individual dealer won’t offer the diversity that the Kenworth dealership offers. Also, if the Toronto Kenworth location doesn’t offer what you’re looking for, you can also try the locations in nearby Mississauga and Oshawa.

Lastly, you can check listings on online truck marketplaces. The Toronto market for trucks is full of listings for used trucks.

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

Yes, the Kenworth location in Vaughan offers advanced truck servicing. You can take part in the PremierCare Gold program, which the Vaughan location takes part in. With that membership, you can get servicing and advanced fleet maintenance assistance. That allows you to go in for preventative measures that increase fleet efficiency and help avoid unnecessary damage.

You can also sign up for the TruckTech+ program for remote diagnostics and assistance. TruckTech+ can help no matter where your fleet is based or travelling.

Lastly, if you plan on using Kenworth’s trucks and services extensively, you can look into the Kenworth Privileges program for discounts on future purchases.

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

You can buy newer model heavy duty (Class 7 & 8) Kenworth trucks for $120,000 to $171,000 right now. 5 to 10-year-old models of the same classes will cost between $39,900 and $151,000.

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

The simplest and oldest way to get truck financing in Toronto is to get it from the dealership. Truck dealerships work with truck financing institutions to provide their customers with options on the spot as they shop for their truck. You can discuss whichever options are available to you with the dealer.

Traditional lenders like banks and credit unions will often finance truck purchases. They may offer better rates and more personalized service based on your financial situation. You can discuss your financing options with a professional at your bank. They can discuss your options and explain how your finances affect your truck financing options.

Increasingly, many people are looking online for their truck financing. You can get preapproved for truck financing online so you don’t need to deal with it at the dealership. That way, you also have more time and a larger selection of financing options to choose from.

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

Yes, you can apply for more financing to buy a fleet of Kenworth trucks. Financing a whole fleet will be easier if you have a reliable income and a higher credit score. In some cases, one truck financing product can help you purchase a whole fleet.

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

Bad credit shouldn’t stop you from getting the truck financing you need. While bad credit won’t help, you still have many options to look into.

Many truck financing companies will discuss your options with you and come to an arrangement. You may be offered worse rates and terms. But that’s just another reason to take your time to compare your truck financing options.

What is the average Truck Driver salary in Toronto, ON?

The average truck driver salary in Toronto and GTA is around $22 per hour or approximately $45,760 per year. This salary is in line with the average truck driver salary in the Province of Ontario but is lower than the average truck driver salary across Canada which is around $22.9 per hour.

How to Qualify for Kenworth truck financing in Toronto, ON?

The basic qualifications to be able to apply for a loan are the same in Toronto as they are throughout Canada. You must have:

  • ID proving your age is 18 or above
  • Canadian residency
  • A valid driver’s license
  • Proof of monthly income

Then, each lender will set their own minimum requirements surrounding:

  • Your credit score
  • Loan amount
  • Your current income

Useful Resources for Kenworth Truck Buyers in Toronto, ON

Different Types of Loans in toronto

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