In London, Ontario, truck and trailer financing typically runs 0%–10% down on approved credit with 36–72 month terms. Many complete files are decided within 24–48 hours, though some take longer. London's position on the 401 between Toronto and Windsor, plus the agricultural base surrounding it, means both highway freight and farm-adjacent equipment are regularly financed here.
*Approval times vary. Many files are decided within 24–48 hours, but some take longer depending on the lender, the complexity of the application, and any additional documents required. All financing is subject to credit approval.
London is the hub of southwestern Ontario. Carriers based here run the 401 east to the GTA and west to Windsor, the 402 to Sarnia, and the secondary highways that connect a dense farming region to processors and markets. That mix — highway freight plus agricultural and bulk work — shapes what local operators buy and how their financing should be structured.
What financing looks like in London
Expect 0%–10% down on approved credit, terms of 36–60 months on used tractors and up to 72 on newer units. Many complete files are decided within 24–48 hours, though some take longer depending on the lender, the complexity of the application and any additional documents required. These are ranges, not quotes — rates and terms vary by applicant, equipment and lender, and financing is subject to credit approval. Ontario's 13% HST applies to equipment purchases.
Agricultural and bulk work
A grain hauler's year doesn't look like a dry-van carrier's. Harvest concentrates revenue into a few heavy months, and lenders who finance agricultural work read statements with that in mind. If your revenue is seasonal, present the annual picture rather than a snapshot, and ask for a lender active in agriculture rather than a strictly freight-focused desk.
The documents Ontario lenders expect
- Government-issued photo ID
- Articles of Incorporation or Ontario business registration
- Recent business bank statements
- The unit's invoice or bill of sale
- Proof of insurance
If you haul for a named processor, elevator or distributor, say so. Verifiable contracted revenue is one of the strongest elements a southwestern Ontario file can carry.
Adding trailers before tractors
Many London carriers grow capacity by adding trailers first — hoppers, flatbeds or dry vans — before committing to another tractor and driver. Trailer financing stands on its own, which lets you take on more freight without doubling your fixed costs in one step.
Seasonal revenue isn't weak revenue. It just needs to be shown across a year instead of a quarter.
Schedule a free consultation
A short call with an advisor who funds London-area operators. No obligation.
Apply for financing
Start online — many pre-approvals come back within 24–48 hours.
Buying from a private seller in the county rather than a dealership? That's financeable via private sale financing — arrange a lien search and inspection first.
How to move faster
Collect documents before you shop. Show a full year of revenue if your work is seasonal. Disclose credit issues early. Get pre-approved so you can close quickly — used equipment in southwestern Ontario often sells locally and fast.
Frequently asked questions
How much down payment do I need in London?
Most London-area deals land between 0% and 10% down on approved credit, depending on credit, time in business and the unit.
Can I finance a trailer on its own?
Yes. Trailer-only financing is common, particularly for carriers adding capacity before adding a tractor.
How fast is approval?
Many files are decided within 24–48 hours once complete, though some take longer depending on the lender, the complexity of the application and any additional documents required.
Is seasonal agricultural revenue a problem?
Not with a lender who finances agricultural work. Presenting a full year of revenue is what matters.