Read Time: 3 Minutes | In truck financing, collateral is an asset pledged to secure a loan, giving the lender the right to repossess the truck if the borrower is unable to make payments. For buyers, understanding the role of collateral can clarify how financing works as well as its benefits.
Read moreRead Time: 4 Minutes | Whether you’re starting your career in trucking or expanding your fleet, one thing is certain — trucks are a major investment! For many, the most practical and accessible way to purchase a semi-truck is through a commercial vehicle loan. However, it’s important to know that qualifying for semi-truck financing involves meeting specific requirements. Let’s take a closer look at what you’ll need to secure the financing that fits your needs.
Read moreRead Time: 3 Minutes | Financing a truck can be challenging when a customer wants to make a purchase, but their credit score is… not so good. We’re here to help and we’ll do what we can to facilitate the deal. To help make a deal happen, it’s important to know where your credit stands.
Read moreRead Time: 4 Minutes | Buying your first truck is an exciting step toward building your career, but navigating the financing process can feel overwhelming. From understanding loan requirements to finding the right truck to finance, there’s a lot to consider before you even get behind the wheel of your Kenworth. In this guide for first-time buyers, we’ll break down determining your budget, researching truck models, and making the purchase.
Read moreRead Time: 4 Minutes | Investing in a commercial truck is a major decision, and Kenworth is a top choice for performance, durability, and reliability. While new Kenworth models can be the more popular choice, purchasing a pre-owned truck offers a great range of benefits. For owner-operators, fleet managers, or first-time buyers, a used truck delivers the same quality at a more affordable price.
Read more