PACCAR Financial: truck and trailer finance for Kenworth and DAF owners

A truck that is off the road earns nothing, and the loan on it keeps ticking regardless. Truck finance is therefore as much about keeping repayments survivable in the slow weeks as it is about getting the keys. PACCAR Financial, which backs Kenworth and DAF buyers, builds its pitch around that reality.

This profile covers what PACCAR Financial publishes as at October 2026, who it suits, and what to do if you need another route.

What does PACCAR Financial offer?

According to its website, PACCAR Financial provides finance for trucks and trailers, primarily to Kenworth and DAF owners. Its products include:

Product	What the website says
Chattel mortgage	The lender funds the purchase and secures it against the asset; you own the truck from the start
Hire purchase	Fixed payments over an agreed period; ownership transfers after the final payment
PACLEASE	Listed with a description similar to hire purchase
Used truck finance	Available for used Kenworth and DAF trucks
Trailer finance	Can be combined with a truck loan; cranes, hydraulics and refrigeration units can be included
Engine re-finance	Engines can be financed as part of existing truck finance, during the term or at the end
Repair and maintenance	A fixed-price agreement covering a truck’s repair and maintenance costs

It says it finances trucking businesses from owner-operators with one truck up to fleets of around 100. The site also hosts a loan calculator with weekly, fortnightly, monthly, quarterly or yearly repayments, an optional balloon payment and payments in advance or arrears. The results are indicative, not a quote.

Chattel mortgage or hire purchase: which fits?

Both are common ways to buy a truck, and our pages on chattel mortgage and hire purchase go deeper. The practical differences:

• Chattel mortgage: you own the truck at settlement, the lender holds security, and you may be able to claim depreciation and interest deductions, subject to your accountant’s advice.
• Hire purchase: the lender owns the truck until the last payment, then title passes to you. Repayments can sometimes be scheduled around seasonal cash flow.

Which is better depends on your tax position, cash flow and how long you plan to keep the truck. Ask your accountant before choosing, not after.

Who does PACCAR Financial suit?

A manufacturer-aligned financier fits an operator who has already chosen the brand.

• Owner-drivers and small fleets buying a Kenworth or DAF prime mover, where a finance manager who knows the product can speed things up. See owner-driver truckies for how lenders see that profile.
• Mid-size carriers replacing units on a cycle, who may add trailers, refrigeration or cranes to the same deal. Our page on trucking companies explains the cash flow lenders look at.
• Operators with an ageing engine who want to finance a rebuild rather than replace the whole truck.

It is a weaker fit if you run another make, want one facility across a mixed fleet, or are buying a truck from a private seller.

How do you get a quote?

The site does not describe a standard application. It points to Regional Finance Managers, listed on its Locations page, for location-specific questions and quotes, and gives a general contact number and a Bayswater North, Victoria address for the business. General enquiries go through its contact form. We have not listed individuals’ names or numbers; use its website for the current contact for your region.

Before you ask, gather:

1. The truck, trailer and any ancillary equipment you want to fund.
2. Your deposit and any trade-in.
3. Recent financial statements or business bank statements.
4. Details of existing finance on other vehicles.

Questions worth asking: how many dollars you repay overall, whether a balloon applies, how early payout works and whether directors must guarantee the loan.

Weighing a manufacturer quote against a bank or broker offer? Run the numbers with us.

What if PACCAR Financial says no?

• Your bank. If you fit bank policy, a bank truck loan may be the cheapest money available, and it keeps your relationship in one place.
• A broker-arranged truck finance facility from a specialist, which can look at the business more broadly.
• A larger deposit or a used truck, which reduces the amount you need.
• Another manufacturer’s financier, if you are open to switching brands: see Volvo Financial Services or Daimler Truck Financial Services.

Our guide to buying trucks compares the main funding routes side by side.

Next step: check your options in a minute

A truck is usually the biggest purchase a transport business makes, and the right structure protects cash flow for years. If you would like to see how the numbers compare, we can help.

Sending an enquiry takes about a minute, and asking won’t leave a mark on your credit file. Your information stays with us instead of landing in many inboxes, and a person on our team reads it before they call. Accurate answers mean the first options we raise will suit your fleet.

See how your truck purchase could be funded →