Maximize Your Investment with NEW WEST Financial.

Here at New West Truck Financial we have assembled a team of experts who understand the complexities of commercial vehicle financing, offering competitive finance and lease products to all our customers.

At New West Truck Financial, we are known for our customer-focused philosophy. With highly qualified and dedicated truck finance professionals, we deliver value to our customers by understanding their business and providing a comprehensive suite of retail, lease and insurance solutions.

Contact us to learn more about our flexible finance and lease solutions for owner-operator, fleet, vocational and municipal customers.

We offer:

FLEET FINANCING SOLUTIONS

Our strength in the trucking industry and our flexibility as a captive finance company, as well as our partnership with every major bank, makes New West Financial ideally suited for fleet customers. By understanding your business beyond just the numbers, our fleet professionals can better understand your needs and how we can contribute to achieving your goals. Through competitive rates and finance options we can offer you a solution that fits your needs and business. We will be there through the process and help you establish a credit line that can help manage your cash flow in order to properly finance your business. All of this can be done through our fleet credit team who work with you to build a personalized financial package that will help satisfy all your needs and dreams.

FIRST TIME BUYERS FINANCING SOLUTIONS

Whether you are new to the trucking world or established and looking for a new, specific truck, we will cover your needs and help guide you through your questions.

  • What truck fits my needs?
  • Should I buy new, used or lease?
  • What specifications and specs are needed?
  • How many vehicles are you looking for?
  • What are my financing options?

Our team is here to help. Through our offering of specialized first time buyer programs, financing and driver coverage solutions, our experts will guide you to the truck and financing options that best suit the future of your business.

OWNER/OPERATOR SOLUTIONS CONSOLIDATION & DEBT RESTRUCTURING SOLUTIONS

New West Truck Financial is here to assist and help you finance your commercial vehicles, taking the stress off your mind so you can focus on what’s important, running your business. Through an offering of competitive finance and lease products we will help find the best fit for your company. We offer a myriad of solutions for you such as minimal down payments, flexible payment terms and flexible payment plans. We have curated these plans with you in mind and understand seasonality to the industry, and as such these plans are made for you and your business. We offer not only payment plan solutions, but peace of mind financing at its finest.

We understand that every business is unique and that you might have specific cash flow requirements. Our team will work with you to help find the payment plan that fits your needs and company. From our offerings of flexible and variable payment structures, you will be able to finance the trucks and fleets to help your business get on the road today.

BANKRUPTCY SOLUTIONS

New West Truck Financial is working to build a new standard of service for our vocational customers. It all starts with what you and your business need and we work to understand your business and needs to accomplish this goal. No matter the vehicles, whether it be a snow plow vehicle, dump truck, oilfield services rig or heavy-haul tractor, we will help finance you to help you build your business effectively. Our finance experts will work with you to create a loan, lease or combined plan into one payment package to help you manage your cash flow. Through flexible terms, minimal down payments, and the ability to bundle additional equipment we will create a solution that helps you.

We know that in business there can be seasonal factors, and that is especially true with vocational trucks such as snow plows, oilfield service rigs and other unique and specialty vehicles. If you have a seasonal business we will work with you to create an irregular payment plan that can better suit your financial and cash flow without putting pressure on your company.

*Ask about how our Vocational PLUS Program, with its aggressive terms, rates and residual values, can benefit you and your business.

MUNICIPALITY PROGRAMS

We know that a lot goes into running a city, school district or government agency efficiently, especially when budgetary considerations have to be made. We offer flexible financing that works with unique bid and purchase cycles, or one that requires multiple purchase scenarios – that is why we offer flexible School Bus financing.

Our specialized credit department can provide customized financing to meet your specific municipality needs and budget considerations (various contract terms, advances and payment structures).

New West Truck Financial can develop a program tailored to your unique municipal needs be it for a city, province, transportation department, school district or anything in-between.

AGRICULTURE FINANCING & SOLUTIONS

Agriculture is an important and unique business that has very specific needs for equipment. Whether you are farming wheat or raising cattle, our Agriculture Program offers many attractive features for your business. This includes longer terms, Retail and Lease options with aggressive rates, and the fact that the unit is the sole asset taken as security!

If your main revenue is Agriculture we offer Owner Operators and Fleets are eligible based on approved credit for our Agriculture Program. Let us help you get into the unit that suits your unique agriculture needs.

CONSOLIDATION & DEBT RESTRUCTURING SOLUTIONS

If you require consolidation or debt restructuring our team of experts will help you work through the process and help you to figure out which solution would work for you and your business.

So what is consolidation? It involves taking out a new loan in order to pay off other loans and consumer debts. The result is that many debts are combined into a single, larger loan or debt. The benefit of this larger loan is typically more favourable payoff terms such as lower interest rates, lower monthly payments or both.

Debt restructuring typically involves taking a new loan to pay off a variety of creditors. The new terms of the debt restructuring deal should be advantageous to the individual. This can result in reducing the total of amount of monthly payments, the total amount of principal and interest to be paid over time.

BANKRUPCY FINANCING & SOLUTIONS

Declaring bankruptcy is not an easy thing, but with New West Truck Financial we offer the possibility to obtain a bankruptcy truck loan or lease. Making regular payments on a bankruptcy truck loan is a crucial part to restoring your good credit standing. We offer accommodating truck financing options to take the worry about how you will get a loan for your new truck after declaring bankruptcy.

We understand that cash flow is tight after declaring bankruptcy, which is why you don’t necessarily have to put down a large lump sum down payment on a vehicle. With New West Truck Financial getting approved for that new truck loan is easier than it has ever been before.

BAD CREDIT / NO CREDIT FINANCING & SOLUTIONS

At New West Truck Financial we can finance anybody. If you have bad credit, no credit, or have declared bankruptcy - it doesn't matter. We will work with you on your individual case to help you find a solution that gets your company the truck that you need for your business. While it may require putting a little more money down initially, our team is committed to finding a balanced solution for everyone. Bad or no credit doesn’t have to limit you or your business anymore thanks to the helpful team here at New West Truck Financial.

LOANS SOLUTIONS

Here at New West Truck Financial we can bring you a traditional way of financing your commercial trucks and fleets with a fixed interest rate. Come to rely on a stable monthly payment that’s made to fit your budget so you aren’t breaking the bank or stretching your finances thin. Walk away knowing that when you have paid off the financing the truck is yours to own, no strings attached. Our loan solutions offer you all the benefits of:

  • Fixed interest rates and payments for the duration of your entire term
  • Payout early without any penalties

Does the conventional method not entirely fit your needs? Our expert team will work with you to ensure that all of your requirements are covered in a simple and easy fashion. We know that no two businesses are the same and have different cash flow and operational needs, and so we offer a variety of payment and loan solutions to help you out. Additional options include:

  • Choice of ballooned taxes on your forth payment
  • Flexible or skipped payments based on seasonal businesses
  • Extended terms

No matter if you're looking for options for a single vehicle, multiple trucks or an entire fleet, we are able to finance your transaction. We regularly offer limited time finance programs and deals in partnership with our brand partners and dealers.

At New West Truck Financial we pride ourselves on being able to find the flexible fit for your payment structure that will work for you. By making a pre-authorized payment option you can have an easy, simple and convenient payment method that takes all of the stress of financing away. Most Canadian chartered banks will also offer online options to truly make the process efficient and easy.

LEASE SOLUTIONS

If you are looking to lease your commercial vehicles then we offer many benefits for you and your business. Not only is leasing a benefit for your cash flow purposes, but it is often an easy and attractive way to obtain financing for all your trucking needs. We offer flexible lease terms that fit your business needs that result in lower monthly payments compared to conventional loan financing. Not only are you facing lower payments, you can also receive the benefit of:

  • Fixed payments
  • Full disclosure of payment terms and options
  • Knowing the residual value at contract signing date

New West Truck Financial is also happy to offer you our Option Lease as a choice for your leasing methods. This program is designed to give fleet customers an option to meet the key requirements of today’s fleet industry without breaking the bank. Our Option Lease gives you:

  • Lower monthly payment
  • Guaranteed residual values by Daimler Trucks North America which ultimately reduces your exposure
  • Could potentially qualify as an Operating Lease or “off-balance sheet” (please consult with your accountant regarding the potential for “off-balance sheet” implications)

Don’t feel like you're missing out on the great benefits our of loan programs because our lease programs can also be tailor fit to meet the unique demands of your business. If you lease your truck through us, whether you're an owner operator or a fleet, you can receive the benefits of a variety of payment options designed to take your cash flow into consideration.

  • Skip payments or have flexible payments based on the seasonality of your business
  • Extended terms available

PROTECTION PRODUCTS

With big investments such as trucks and fleets, we want to be able to provide you with the peace of mind that your investments will be protected. That’s why we offer complementary protection products for you and your vehicles. Your trucks are more than just vehicles, they are key components to your business’ future. That is why we are committed to bringing you not only financing, but protection to ensure that you, your drivers and your trucks are safe no matter what unexpected challenges life may throw your way.

Please contact your local dealership for more details on the programs listed below.

Life & Disability Protection Products

Loan Repayment Protection ensures your payments are made when you are not in the driver’s seat due to a disability, death or critical illness. It's a financial safety net for you and the people who depend on you.

Creditor Life Protection Products

Accidents can happen at any time, and if you suffer a fatal injury or illness life coverage will ensure that the insured portion of your loan or lease is paid off. Your family will be able to keep the equipment, continue the business and have a reliable income source without having to worry about monthly loan payments.

Creditor Disability Protection Products

Disability coverage is designed to take care of your insured monthly payments, should for any reason due to injury or sickness you are unable to work. In times when you need to focus on yourself and getting back to a healthy you, take the stress and worry about monthly payments away.

Critical Illness

Critical Illness insurance will pay off or reduces the balance of your loan or lease if you are diagnosed with a specific life-threatening illness or condition. Make sure that when you need to focus on yourself that your payments are taken care of, leaving you with one less thing to worry about.

Debt Waiver

Debt Waiver products complement your primary insurance by giving you added financial advantages over what primary insurance can offer. We have a number of products available for your consideration when first entering into a loan or lease. Either through a bundle or as individual products, these debt waiver products can give you an additional layer of security for you and your vehicles.

Guaranteed Asset Protection (GAP)

Often times when a vehicle is declared as a total loss or write off in an accident or through theft, there will be a significant difference between the amount insurance will cover and the balance remaining owed.

Guaranteed Asset Protection, or GAP, will cover the difference between the cash value and the balance remaining on your loan or lease. This means that the large difference between what insurance is offering versus what you still owe will be waived.

If you choose to replace your truck or equipment with New West Truck Financial, we will offer you a reimbursement of the physical damage deductible that you paid when claiming the total loss.

Down Payment Waiver

After a total loss of a truck or piece of equipment, New West Truck Financial will offer your down payment (cash or trade, to a maximum of $30,000) to be credited towards the replacement purchase, loan or lease when you finance your new vehicle through us. This additional protection is just a few extra dollars a month and can be easily bundled with your GAP product. For a few dollars additional you can make a future replacement purchase pain free.

Accident Downtime Protection

If your truck or vehicle has to experience a significant amount of downtime due to an accident this protection coverage will provide you with a reimbursement to your loan or lease account.

* Please note that this product is not currently available in Quebec

Mechanical Downtime Protection

If your truck or vehicle has to experience a significant amount of downtime due to a major mechanical breakdown, this protection coverage will provide you with a reimbursement to your loan or lease account.

* Please note that this product is not currently available in Quebec

Accident Downtime

Accidents are never planned but can occur anytime, taking your vehicles off the road and reducing your income earning potential. Accident Downtime Coverage offers you an affordable solution to protect your equipment should you face a traffic accident, upset, fire and/or vandalism that requires your truck to be off the road and in the repair shop. This coverage will cover up to four loan or lease payments, putting your mind at ease.

$0 DOWN FINANCING OPTION

$0 down financing option

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