Smarter Loans Inc. is not a lender. Smarter.loans is an independent comparison website that provides information on lending and financial companies in Canada. We work hard to give you the information you need to make smarter decisions about a financial company or product that you might be considering. We may receive compensation from companies that we work with for placement of their products or services on our site. While compensation arrangements may affect the order, position or placement of products & companies listed on our website, it does not influence our evaluation of those products. Please do not interpret the order in which products appear on Smarter Loans as an endorsement or recommendation from us. Our website does not feature every loan provider or financial product available in Canada. We try our best to bring you up-to-date, educational information to help you decide the best solution for your individual situation. The information and tools that we provide are free to you and should merely be used as guidance. You should always review the terms, fees, and conditions for any loan or financial product that you are considering.
The trucking industry in Saskatoon is thriving. There are lots of interested contractors and companies who are looking to buy additional trucks to profit off this new demand.
Saskatoon truck drivers often choose Kenworth trucks for their power and reliability. Fortunately, there are many Kenworth truck financing options available to assist with a purchase. Smarter Loans helps you find and compare the best options from the leading financing companies in Saskatoon.
Review the offerings in the table below and see what deals work best for you. We work with a large roster of Kenworth truck loan providers, so you can be sure to find the right financing option for your specific needs.
To begin your application, click the “Apply Now” button next to the provider you like. Another option to consider is the ability to pre-apply at Smarter Loans. A team member of our team will help you by picking the right Saskatoon Kenworth truck loan provider for your business goals.
Saskatoon has a small but diverse truck driving community. If you drive a truck in Saskatoon, you’ll likely be servicing one of these major industries:
The remaining portion of truck driving jobs are in a diverse range of smaller sectors.
The classic W900 is a favourite among truck drivers. It’s also a favourite throughout Canada and the US, including Saskatchewan. The CUMMINS X15 engine and build of the truck just make it faster, more powerful, and more comfortable. When it comes to long hauls in particular, the W900 line has long been considered top tier.
While not quite as rigid and popular as the W900, the W990 can keep up. The W990 comes with a PACCAR MX-13 engine, capable of efficiently transporting large loads or handling heavy duty construction activities.
The T370 is great if you’re on a budget. It’s not the most powerful truck. But with a PACCAR PX-7 engine, it’s affordable, but it gets the job done. The T470 is another option if you need a truck that truly meets the “heavy duty bridge of the medium duty line”.
There are a few jobs in high demand in Saskatoon. Demand is lower than most other Canadian cities, but long haul truck drivers are always in demand. There are about 3,600 truck drivers in Saskatoon and there are still openings for:
To drive a commercial truck in Saskatoon, you must meet Saskatchewan’s licensing requirements. The top level license in the province is the Class 1 license, which allows you to drive all lower classes of truck as well.
To get a class 1 Saskatchewan commercial driver’s licence, you must:
Once you successfully take all of the above steps, you may drive any commercial truck insured in Saskatchewan.
You can buy a Kenworth truck from many sellers in or near Saskatoon.
You can shop for new and used Kenworth trucks in the Kenworth dealership in Saskatoon. The Kenworth dealership has by far the largest diversity of Kenworth trucks to buy.
You can also buy used Kenworth trucks from other sellers. Many people will sell their used Kenworth trucks for less money than dealers will. The only downside to buying older trucks is that they will have different financing options. Interest rates are typically higher for used trucks.
There are many truck service centers in Saskatoon. Unfortunately, there are no specialized service stations. There is now a specialized open expanded parts and service facility in Estevan. But unfortunately, there are no participating PremierCare locations in Saskatchewan.
You can still purchase specialized care plans like:
These remote services can see you walked through many mechanical problems your trucks could face. Kenworth is well-known for their services, so they can provide you with remote assistance when needed.
The price of new and used Kenworth trucks in Saskatoon vary. Newer heavy duty models (Class 7-8, 26,000 pounds and higher) sell for $51,000 to $199,500. For 2019 to 2020 models alone, you typically must call to get a quote, but you can expect to pay at least $140,000.
You can also buy used Kenworth trucks on online marketplaces. These platforms host both dealers and individuals. For a 5 to 10-year-old heavy duty Kenworth truck, you must pay $32,500 to $152,500.
Saskatoon Kenworth truck prices are almost on par with the national average. Online sales have helped flatten out regional differences in price.
Truck financing is traditionally taken care of with the dealer. Kenworth dealerships work with lenders to provide financing options for hesitant customers. But their partners in lending are limited. You also have no way of knowing if you’re getting the best rates and terms.
People are increasingly handling their truck financing online. That’s because it’s usually more convenient. But it certainly allows you to take your time and get prequalified for the best rates you can get.
Many people take out business loans to buy multiple trucks. If you qualify for the financing necessary to purchase more that one Kenworth truck, you should be fine.
You can take out a larger loan to build or expand your fleet. Getting financing for more than one Kenworth truck will be easier and cheaper if you have a stable income and good credit.
You can get Kenworth truck financing with bad credit most of the time. But you should be even more careful when comparing available loans.
If you have bad credit, the offers you get from lenders will come with higher interest rates. Try discussing your situation with these lenders and compare their offers.
The first step to qualifying is meeting the minimum requirements for getting a loan in Canada. Those requirements are:
After you qualify, truck financing companies have their own requirements for you to meet. Those requirements will be based on:
Exact requirements will vary widely by lender.