Kenworth Financing

Pull up to a frac site in West Texas or the Bakken and count the Kenworths. The T800, T880, C500, and W900 have been oilfield workhorses for decades because they are built to handle the loads, the hours, and the terrain that kills lesser trucks. Winch trucks, vacuum trucks, wireline units, gin poles, frac sand haulers -- Kenworth platforms are under all of them. A single Kenworth C500 configured for oilfield winch service or a T880 spec'd for heavy sand hauling can run $175,000 to $250,000 or more depending on configuration and body equipment. A fleet of five or ten is a capital decision that belongs in a structured loan, not out of operating cash.

We finance Kenworth oilfield trucks starting at $50,000, with no cap on fleet size for qualified borrowers. Most deals fund in one to two weeks. Oilfield trucking companies adding trucks to chase a new basin contract or replacing aging units need capital that closes before the operator awards the work to someone else. Slow financing is a truck that stays in the lot while the work rolls past.

Kenworth Models We Finance

Kenworth's heavy-duty commercial truck line is designed for a few platforms that translate naturally to oilfield configurations. The models we most frequently finance for oil and gas applications include:

• Kenworth T800 -- the long-running vocational workhorse; oilfield water haulers, vacuum trucks, and mixer trucks; available with tandem and tri-drive axle configurations
• Kenworth T880 -- the current-generation heavy vocational platform replacing the T800 in most vocational spec; PACCAR MX-13 or Cummins X15 power
• Kenworth C500 -- the high-clearance oilfield specialist; setback front axle, dual-steer capability, multi-axle drive configurations for rough terrain and heavy haul
• Kenworth W900 -- the conventional sleeper and day cab for line-haul and long-distance frac sand hauling; recognized spec on interstate sand routes
• Kenworth T460 and T680 class-8 tractors for sand and chemical hauling on paved routes

Kenworth trucks spec'd with oilfield bodies -- vacuum tank, hot oil unit, acid transport, gin pole, or winch -- are financed as complete configured units. The body and auxiliary equipment are part of the collateral, not excluded. A vacuum truck is worth more configured and in service than as a bare cab-chassis, and we value it accordingly.

Oilfield Truck Applications We Finance

Kenworth serves nearly every oilfield trucking segment. The specific applications we fund include:

Vacuum trucks and fluid haulers: A Kenworth T880 or T800 with a vacuum tank body for produced water, drilling mud, or pit cleaning. The vacuum truck market runs on basin activity, and operators adding units during a basin uptick need fast approvals to capture the work.

Winch and gin pole trucks: Kenworth C500 and T800 platforms with winch beds, A-frame gin poles, or heavy-lift rotators for rig moves and equipment positioning. Winch trucks run on rig contracts, and the financing needs to close when the rig contract does, not two weeks later.

Frac sand haulers: Kenworth W900 and T880 day cabs pulling pneumatic or belly dump sand trailers on routes from sand mines to frac sites. High-utilization routes in the Permian or DJ Basin accumulate miles fast, and used sand-hauler Kenworths with high mileage still qualify for financing at appropriate loan-to-value levels.

Hot oil and hot water trucks: Kenworth T800 and T880 units with hot oil burner units for paraffin treating and line thawing. Hot oil truck operators typically work on day rates tied to operator maintenance schedules.

Operators serving Odessa and the Permian Basin, Williston and the Bakken, or the Eagle Ford region out of Laredo and Corpus Christi run Kenworth-heavy fleets. Our lending desk understands the day-rate economics in each of those markets.

New vs. Used Kenworth Trucks

New Kenworth trucks come with full factory warranty, current emissions compliance, and clean titling that simplifies the collateral picture. For oilfield operators signing multi-year service contracts that require modern equipment, new is often the right call and the OEM warranty reduces the risk of unexpected downtime costs.

Used Kenworth oilfield trucks are a significant part of our business. A Kenworth T800 with 250,000 miles in vacuum truck service is not a liability -- it is an asset with a clear secondary market and an established residual value. High-mileage trucks on vocational routes (vacuum, winch, hot oil) often have lower mileage than line-haul units because their daily radius is short. We evaluate used Kenworth trucks on actual condition and configuration, not mileage alone.

Used truck financing through our program works the same as new -- same application, same timeline, same 1-2 week funding target. The loan-to-value on used units depends on a condition inspection or appraised value, and we work with several equipment appraisers who cover oilfield trucks specifically.