Peterbilt Truck Financing & Leasing

Peterbilt Truck Financing and Leasing in Canada

The trucking industry is constantly evolving in Canada. One specific brand of truck that is uniquely in demand right now is Peterbilt trucks. As a result, there are many potential trucking companies seeking to invest in additional Peterbilt trucks to be able to keep up with the demand. To assist with the initial investment, many investors are coming to Smarter Loans. The reason for this is that for applicants working on their own, obtaining loans can be a long and trying process. You should not expect this from Smarter Loans.

We work hard to partner you with a Peterbilt truck loan provider that has modified their application process to prioritize their applicant’s time. Lots of the applicants that choose Smarter Loans have achieved Peterbilt truck financing in record time. The main reason for the increase in our application speed is the access to our loan directory. Most of the applicant’s time is usually spent trying to decide on which provider to go with. Having access to a large amount of useful information online, it can be intimidating for an applicant to choose which route to go down. By using our extensive directory, users can quickly assess various interest rates, offerings and customer reviews. You can now see all the necessary information within one simple list. In a matter of days, your company will be buying its brand new Peterbilt truck with its new financing. If you are interested in proceeding with an application form, hit the “Apply Now” button.

Another possibility is to consider pre-applying at Smarter Loans instead. Our staff can aid you with your application by picking out the best Peterbilt loan provider in Canada.

We can help connect you with the top Peterbilt truck and trailer financing providers in Canada.

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Top Peterbilt Truck Financing & Leasing Providers in Canada

Company
Amount
Interest Rate
Reviews
Terms
$5,000 - Unlimited
Starting at 4.6%
2 - 10 years
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
$8,000 - $10 Million
2.9% - 19.99%
12 - 96 months

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$5k$100,000$1000K
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Peterbilt Trucks: The Basics

Peterbilt has a long-established history of excellence in the medium and heavy duty commercial trucking industry; the company was founded in Oakland, California in 1939, and has been in constant operation ever since. It is now headquartered in Texas, and most of its vehicles are manufactured there or in Quebec.

Over the past 80 years, Peterbilt have crafted 60 different truck models, many with a variety of engine, cab and axle choices – making the diversity of available Peterbilts over time quite extensive. They are used in many industries across Canada, most notably for on-highway transport, long haul shipping, warehousing, construction, and for a range of vocational uses.

 

Peterbilt Truck Types

Currently, Peterbilt trucks are being produced for their on-highway, vocational and medium-duty truck lines. Here is a quick breakdown of what’s available:

Model No.TypeClassEngine OptionsFurther Specs
579On-HighwayClass 8PACCAR MX
Cummins ISX
More about the 579
389On-HighwayClass 8PACCAR MX
Cummins ISX
More about the 389
567VocationalClass 8PACCAR MX or PX
Cummins ISX or Westport
More about the 567
520VocationalClass 8PACCAR MX or PX
Cummins Westport
More about the 520
367VocationalClass 8PACCAR MX
Cummins ISX
More about the 367
365VocationalClass 8PACCAR MX
Cummins ISX or Westport
More about the 365
348Medium-DutyClass 7/8PACCAR PXMore about the 348
337Medium-DutyClass 7PACCAR PXMore about the 337
330Medium-DutyClass 6PACCAR PXMore about the 330
325Medium-DutyClass 5PACCAR PXMore about the 325
220Medium-DutyClass 7PACCAR PXMore about the 220

In addition to the above, the used market offers access to 16 retired models that were in production between 1980 and 2016.

 

Most Popular Peterbilt Models

The most popular Peterbilt trucks in Canada are those that serve Canada’s bustling transport and construction industries. This includes:

Model 579

The 579 is Peterbilt’s flagship on-highway truck, available with a choice of engines, aerodynamic styling, excellent fuel efficiency, and an ergonomic and generous, solid aluminium cab for driver comfort and safety. This model has been popular since its release in 2012 and continues to lead the field for long haul transport.

Model 389

The 389 is also a very popular on-highway heavy-duty option, that is more classically designed than its younger brother, the 579. It boasts the same safety features, technology and reliability as the 579, but also has the longest BBC of any Peterbilt truck, at 131in.

Model 567

Peterbilt truck 567 is a rugged vocational vehicle that can be found on construction sites across the country. It’s a fairly new model, only in production since 2015, and comes in either a set-back or set-forward front axle configuration. It also has the same engine options as its on-highway cousins. This is a popular option because of its adaptability – it can be used for a wide range of specific tasks, including haulage, equipment support and more.

Model 348

The 348 is one of Peterbilt’s most popular options, partly thanks to its versatility. Available in either Class 7 or Class 8, and either single or tandem axle, it is customizable to your specific needs. It is also one of the few Peterbilts that comes with a single piece windshield. This truck can be found in Canada’s construction, transport, oil and gas, logging and warehousing industries.

Model 367

The 367 is a vocational truck preferred on construction sites because of its durability and flexibility. With a 123in BBC, set-forward or set-back axle configuration, a choice of engine, a range of possible cabs, and advanced fuel efficiency, this is a great all-rounder that has proven popular in Canada since its release in 2007.

Where to Buy Peterbilt Trucks in Canada

Peterbilt trucks are available at a range of dealerships across the country, both new and used. If you’re looking for a new Peterbilt, the best place to start is at your nearest full service Peterbilt dealer. These dedicated dealers carry Peterbilt’s full line, and have Peterbilt-trained experts who can help you to make the right choice. You can find your nearest Peterbilt dealership here.
Other dealerships near you may well have some used Peterbilts available, although their stock will vary, so it’s best to call around – especially if you’re searching for a specific model. And lastly, there are online marketplaces where you can find both new and used Peterbilts for sale. These tend to be fairly price-competitive, and allow you to search multiple locations to find exactly the truck you need.

 

What to Consider When Buying a Peterbilt Truck

New vs. Used

Peterbilt trucks are well known for their reliability and high quality, so it’s no surprise that the used Peterbilt market is a busy one. Almost all of the newer models, plus quite a few of the retired models, are available pre-owned, and this can be one way to save money – there are often quite attractive discounts available for used trucks. Remember, though, that customizations and choice of engine, cab type, and so on will only be possible when buying new. And used vehicles are likely to have higher ongoing maintenance costs.

Financing Options

When contemplating buying one or several Peterbilts for your business, cost is certainly going to be a factor. These commercial vehicles are rarely cheap, and most people will need to have some sort of financing in place before committing to a purchase. Many people rely on the dealer they are buying from to access financing, but you do have other options. You can search online to find the most attractive financing rates, and also to get pre-approved for a loan. Whichever route you choose, make sure you factor in your full financial situation and thoroughly research your options.

Truck Capabilities

One of the most important factors when purchasing your new truck will be to consider exactly what you need it for. There’s no point in buying something that doesn’t serve its purpose! A great deal on the used market or attractive financing options may tempt you towards a particular model, but make sure that you are clear about the tasks you need the truck for, first and foremost. An on-highway vehicle will have quite different operational parameters than a vocational truck.

 

Proprietary Peterbilt Features

We can’t talk about Peterbilts without mentioning their range of special features and technologies. These include:

  • Specialized Peterbilt service centres, staffed with Peterbilt-trained experts
  • SmartLINQ remote diagnostics
  • SmartAir climate system
  • Advanced predictive cruise
  • Peterbilt-designed ergonomic seating options
  • Bendix Wingman Fusion driver assist technology
  • SmartNav GPS navigation

Some of these options come as standard, and some are extra, depending on the model.

 

Peterbilt FAQs


How much does a Peterbilt truck cost?

The exact cost of a Peterbilt will vary depending on the model, customizations, and of course whether you are looking for new or used trucks. Higher spec models can cost over $500,000 new, but there are more basic Class 8 options available for as low as $185,000. In the used market, you can pay as little as $20,000 for a Peterbilt, but again this depends on model, condition, age and other factors.

 

How can I get financing for a Peterbilt truck?

There are a few different ways to obtain financing for a Peterbilt truck; one is through the dealership you’re purchasing from. Dealers typically work with a couple of local banks or credit unions to find financing options for you. Alternatively, you can search online for financing, which may give you access to more competitive loan terms. To get financing, you will need to meet your chosen lender’s eligibility requirements, and complete their application paperwork.

 

What engines do Peterbilt trucks use?

All of Peterbilt’s medium-duty trucks have PACCAR PX engines; the vocational and on-highway models come with a choice of PACCAR MX, PACCAR PX, Cummins ISX or Cummins Westport engines.

 

Where can I get my Peterbilt truck serviced?

A great place to get your Peterbilt truck serviced is at your local authorized Peterbilt dealership. They will have Peterbilt-trained experts, as well as the full range of possible parts. They also offer special service packages, like TruckTech+, which provides constant monitoring of the health of your vehicle to allow for tailored preventative maintenance. You may also find service options at other truck dealers and parts suppliers.

 

Why are Peterbilt trucks so popular in Canada?

Peterbilt trucks are popular in Canada because of their reliability, longevity, and the high quality of their finish. Canada also has growing construction and transportation industries, and these historically rely on heavy-duty options like those offered by Peterbilt. And Canada has a surprisingly high number of official Peterbilt dealerships, in comparison to other brands.

 

What are the operational costs for a Peterbilt truck?

The operational costs for a Peterbilt truck are in line with other truck brands. The range is between $150,000 and $190,000 annually, for those truckers who cover 190,000km or more per year. The expenses are as follows, shown as a share of per mile operating costs:
Vehicle-based expenses:

  • 24% – Fuel Costs
  • 15% – Truck/Trailer Lease or Purchase Payments
  • 9% – Repair & Maintenance
  • 5% – Truck Insurance Premiums
  • 2% – Tires
  • 2% – Tolls
  • 1% – Permits and Licenses

Driver-based expenses:

  • 33% – Driver Wages
  • 10% – Driver Benefits

 

Useful Peterbilt Resources

Get Pre-Approved for Peterbilt Truck Financing

Types of Peterbilt Truck Financing & Leasing offered:

  • Highway Trucks
  • Tow Trucks
  • Semi-trailer Trucks
  • Box Trucks
  • Flatbed Trucks
  • Garbage Trucks
  • Light Duty Trucks
  • Heavy Duty Trucks
  • Concrete Transport Trucks
  • Dump Trucks
  • Flat Bed Trailers
  • Dry Van and Enclosed Trailers
  • Refrigerated Trailers
  • Reefer Trailers
  • Lowboy Trailers
  • Step Deck Trailers
  • RGN Trailers
  • Conestoga Trailers
  • Side Kit Trailers
  • Specialized Trailers

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