Best Commercial Truck Loans Toronto Canada - Truck Financing

Planet Financial is a leading North American company specialized in financing solutions for trucks and trailers. We offer a wide array of truck and trailer financing services to meet the diverse needs of our clients in Canada. Whether you're looking to acquire a new truck or trailer, refinance your existing equipment, or explore financing options, we've got you covered. Our expertise extends to a broad spectrum of vehicles, including:

  • Sleeper
  • Day Cab
  • Straight Trucks
  • Dump Trucks
  • Dry Vans
  • Reefers
  • Dump Trailers
  • Flatbeds

truck trailers

Planet Financial understands the value of trucks and trailers in a variety of industries. We are committed to providing financing solutions that enable businesses and individuals to purchase the trucks of their dreams. We are committed to facilitating the process of financing, whether you are a long-haul trucker, a construction company, or a logistics firm.

When you choose Planet Financial, you are partnering with a team of experts that are well-versed with the intricacies of financing in the world of trucks and trailers. Our commitment to ensure that you get the financing done with ease and efficiency. Whether you're in the market for a sleeper, day cab, straight truck, dump truck, dry van, reefer, dump trailer, or flatbed, we have the right financial solutions that can help you acquire the equipment you need to succeed in your industry all over Canada. Planet Financial will be your dedicated partner in trucks and trailers and heavy-duty equipment financing, and refinancing.

Call us to schedule an appointment with our team of experts today!

When it comes to expanding your business or upgrading your fleet, financing a truck and trailer is a crucial step. And we know that you might have a lot of questions about financing. Hence, in this FAQ guide, we'll address some of the most common queries regarding financing trucks and trailers for your company.

Financing offers several benefits, including conserving your working capital, providing tax advantages, and enabling you to acquire the equipment you need without making a substantial upfront payment.

Typically your creditworthiness, business history, the age and condition of the equipment, and the down payment you can provide are taken into consideration. A good credit score and a strong business track record can improve your chances of approval.

A higher down payment could lead to more favorable terms, such as lower interest rates and a shorter repayment period. It can also reduce the overall cost of financing.

The choice between financing and purchasing totally depends on your business goals. Financing can provide flexibility, lower upfront costs, and potential tax benefits, while purchasing offers full ownership and potential equity.

Yes, you can finance used equipment, but the terms and interest rates may differ from those for new equipment. The age, condition, and mileage of used trucks and trailers are often taken into consideration.

The loan or lease terms can range from a few months to years together, depending on the type of equipment and agreement. Shorter terms might have higher monthly payments but lower overall interest costs.

To apply for a financing deal, at Planet Financial you will need a valid ID, 3 month’s bank statement, and article of business incorporation. These are the amount of documents needed to get started with.

Financing trucks and trailers is a significant step in growing your business. At Planet Financial we provide financing for all types of trucks, trailers and heavy equipment. We have the easiest documentation process and we welcome financing for all types of credit scores. So rest your worries and visit Planet Financial to cleat all your queries.
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