Finance with Coopersburg & Liberty Kenworth

To finance a truck with us, start by filling out our Financing Form. 

No, pre-approvals are not typically part of our process. But we can help you get approved after you’ve signed a purchase agreement. You’ll need to provide details about the truck and your financial information for the lender to secure approval.

We finance all makes and models of new and used medium- and heavy-duty trucks, including those from other brands besides Kenworth. We offer financing options for a wide variety of truck body types including Dump Trucks, Sleeper, Day Cab, Trash Trucks, Hooklift, Roll Off, Cab & Chassis, and more.

No, you do not need a Commercial Driver’s License (CDL) to finance a commercial vehicle. However, it is highly recommended and often required by lenders. Plus, you’ll need a CDL to operate the vehicle after its purchase.

If you’re new to truck driving, follow these steps to get your CDL.

Financing a commercial truck often requires a combination of experience, financial stability, and a solid credit score. Lenders usually look for a valid CDL and at least 2 years of experience as an owner/operator. It also helps if you’ve successfully financed and paid off a commercial vehicle in the past. Plus, a strong personal credit score boosts your chances of securing financing.

To apply for semi-truck financing, you’ll generally need information about your business, the truck(s) you plan to purchase, as well as your personal and financial background. This includes income, credit history, insurance, and information about the truck’s make, model, and condition.
It is best to be as transparent as possible when filling out our Credit Application. The more you disclose about your personal lending and financing history, the better we can assist you.

To qualify for a commercial vehicle loan, most lenders look for a credit score of at least 600, but a 670 or higher makes an approval easier. If you have a credit score below 670, don’t worry – you may still qualify through alternative financing options. For more details, check out our Credit blog.

If applicable, here are details on financing with bad or no credit.

Most down payments range from 10% to 20% of the truck’s purchase price depending on your credit score, lender requirements, and whether the truck is new or used. For a personalized estimate, fill out our Financing Form.

The interest rates on a commercial truck loan can widely vary based on several factors such as your credit profile, business experience, down payment, loan term, vehicle age and condition.

Financing helps spread out the cost of the vehicle over time while keeping cash available for other expenses, emergencies, or investments. Additionally, it helps build credit, making it easier to buy your next truck.

Discover more about the importance of long-term financing.

We make financing your truck easy with personalized loan options tailored to your needs. You can bundle in parts, warranties and more, all into one package. Whether you’re buying new or used, we work to match your plan to your goals and budget.

Federal Excise Tax (FET) is a 12% tax on new trucks over 33,000 lbs GVW, trailers over 26,000 lbs, and tractors over 19,500 lbs. It’s based on the total weight of the vehicle and any attached trailers. Learn more about FET from the IRS.