Financing FAQ

We finance all new and used years, makes, and models of trucks on our lots as well as incoming inventory. Our financing options cover all truck body types, including Dump, Sleeper, Day Cab, Refuse, Hooklift, Roll Off, Cab & Chassis, and more.

We recommend financing for several reasons. Financing helps manage cash flow and supports growth for your business. It allows you to spread out the cost of the vehicle over time, keeping capital available for other expenses, emergencies, or investments. Additionally, you will be building credit that makes it much easier to buy your next truck. This flexibility can be a smart move for establishing a strong borrowing history, gaining trust with lenders, and staying current with maintenance and upgrades — keeping your Kenworth performing at its best. Discover more about the importance of long-term financing.

Having a history in financing commercial equipment can make it easier to secure a commercial vehicle loan compared to first-time buyers. Lenders prefer to see a solid borrowing history. Ideally, a borrower who has successfully held and paid off a commercial vehicle loan for at least three years shows reliability. For first-time or less experienced borrowers, lenders may require a larger down payment to offset the lack in commercial lending. By providing this information and documents beforehand, you can expedite the application process.

Yes, most drivers need a Commercial Driver’s License (CDL) in order to begin the process of securing a commercial vehicle loan. If you’re new to truck driving, follow these steps to get your CDL.

It’s best to be as transparent as possible when filling out our Credit Application. The more you disclose about your personal lending and financial history, the better we can assist you with financing options. Complete the form to the best of your ability, making sure to fill out all applicable fields. Information you may need to provide include: identification, income, credit history, insurance, employment, and collateral/equity.

The amount of money you put down is based on multiple factors: credit history, lender requirements, and the vehicle being financed. Fill out our Financing Form for additional information.

The credit score required to qualify for a commercial vehicle can vary depending on the lender and specific terms of the loan.

Borrowers in the Excellent, Very Good, and Good ranges (670 and above) are generally considered low-risk and have an easier time securing a loan.

Borrowers in the Poor or Fair ranges (669 and below) often may face challenges in getting approved. However, there are alternative options available for those with lower credit scores that can help with approval.

Additional general guidelines and information can be found in our Credit blog.

Interest rates are determined based on several factors including credit profile, income, past finance history as well as the market conditions, the industry, equipment, and loan terms. To get started on financing your next truck, please contact our Finance Manager, Jeff Saul.

You can finance with us by filling out our Financing Form. For additional information on our inventory, locations, hours, or other, Contact Us.

Our Finance Manager is here to guide you through the financing process, ensuring a fast and seamless experience. We understand that every customer’s needs are different, which is why we try our hardest to fit each loan to your unique financial situation. Whether you’re purchasing a new or used truck, your financing plan will be tailored to match your goals and budget.

Pre-approvals are not typically part of our process. Once you’ve signed the purchase agreement, our Finance Manager will submit the necessary details — such as the specific truck information and your financial profile — to our lenders to secure your approval.