Truck & Trailer Financing-Lease

We can help get you out of your old truck and into a new truck. We have many lenders for all kinds of credit levels.

It’s easy to start. Call our Business Manager

Pat Vaughan
Finance Manager 

OTTAWA / KINGSTON / PETERBOROUGH / THUNDER BAY / BELLEVILLE

432 Corduroy Road
Vars, ON K0A 3H0
Toll Free: 1-844-443-5369
pvaughan@kenworthontario.com

OWNING OR LEASING IS EASIER THAT YOU THINK

Kenworth Ontario can set you up with a number of attractive financing options and our best finance deals and incentives. Take advantage of variable rate loans and leases, skip payments, and token payments. Or avoid unnecessary risks and lock in to today’s favorable interest rates.

Every financing plan is customized and  can perfectly match the specification’s truck utility and your credit history. 

Ask about your options: 

  • Variable or Fixed rates
  • Simple or Floating Interest
  • Open loan or lease options
  • Start- up (business or owner operator) loans available

*Available through PACCAR financing options

START THE PROCESS TODAY!

  • Easy and simple financing  process
  • Custom finance / lease solutions though PACCAR as well as various other lenders
  • Able to finance new owner/operator or those with some credit challenges
  • Flexibility: skip payments or seasonal requirements as well as flexible down payment options
  • Equity builder contracts
  • Able to combine multiple truck, trailer and equipment purchases into one contract, one payment
  • Insurance available to protect your assets/lease
  • Quick approval decisions

Are You Ready to Fill Out a Financing Application?

Click the button and let’s get started!

Should You Lease or Buy?

Traditional financing and leasing have their own advantages, but finding the right option for you depends upon your specific situation. First, you need to determine which program works best for you and your business. After that you can dive into the specific options available within your narrowed scope. 

To help you make the right initial decision, we’ve identified and compared the benefits of traditional financing and leasing for you.

DIRECT COMPARISON

Lower Initial Cash Outlay

Lower Monthly Payment

Own Equipment at Maturity

Off-balance Sheet Financing

Mileage or Usage Restrictions

Payments Typically Tax-Deductible*

Depreciation Tax Benefits to User

Loan

No

No

Yes

No

No

Interest Only

Yes

Lease

Yes

Yes

Optional

Possible

Yes

Yes

No

*Always consult your tax advisor regarding proper tax treatment

Protect Your Investment with Gap, Deductible and Down Payment Protection

*Available through synergy Asset Protection Ltd

  • Applicable only for loans and leases financed by Paccar
  • Waives the difference between your insurance settlement and your outstanding loan/lease balance
  • $100 000 total maximum waived by PACCAR
  • Up to $5000 Deductible reimbursement included with the Gap Addendum
  • Down Payment Addendum provides a credit, to a maximum of $30 000 towards a replacement vehicle for the first three years 

Life Insurance

*Available through synergy Asset Protection Ltd

  • In the case of an untimely death, pays off loan balance or the present value of outstanding lease payments
  • Residual can also be covered
  • Non-cancellable by Insurance Company under normal circumstances
  • Payable even if there is other insurance in place

Total Disability Insurance

*Available through synergy Asset Protection Ltd

  • Covers monthly payment of equipment that is owed to the finance company
  • Pays in addition to other insurance, workers’ compensation, or other benefits
  • Only required to be totally disabled and under a doctor’s care; hospitalization is not required

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