Running a business you are busy enough. Every day
your deliveries need to get to the right places, on time and intact.
You want to make the best financial decisions, based on best transport
practices. That's where PACCAR Financial comes in. We can help
you spread the financial burden of your truck acquisitions so you
can haul the most out of your profits
PACCAR Financial offers a wide range of financial products and
services. In-depth knowledge of the transport industry makes
it possible to offer you the best financial solution, tailored
to your needs and wishes. Saving you time and bringing peace
of mind.
Lease purchase
With Lease purchase you can spread the cost of your vehicle over a pre-agreed
period. At the end of the hire period, you'll be the legal owner when all
agreed payments are completed.
Purchased in this way you can show the value of the truck as
an asset on your balance sheet and claim capital allowances in
line with current Government legislation. The interest element
is allowable for tax relief through your P&L account.
Finance Lease
When you opt for Finance Lease, you also spread the cost of your truck over
a fixed period. However, at the end of the primary period you can choose
to continue leasing the truck by paying an annual nominal rental or alternatively
you can dispose of the truck to and independent third party and we will
rebate the majority of the sales proceeds to you.
Opting for this plan enables you to preserve working capital
and provides you with fixed monthly rentals. The monthly rentals
are claimed as a business expense through your P&L account and
as such are allowable for tax relief.
Operating Lease
With Operating Lease you do not purchase a truck, you purchase the use of
the truck for a specified period. At the end of the lease the leasing company
is responsible for the truck. You can opt for the standard operating lease,
add services, such as repair and maintenance and even additional products
like trailers.
This way you invest in your business, but keep your payments
and risks low. The residual value risk is carried by the residual
value holder. Operating leases are normally treated as 'off balance
sheet'. The rentals are tax allowable and using this plan may
improve the financial ratios of your business.
GAP Insurance
Our GAP insurance products provide cover in the event of the financed asset
being written off or stolen and not recovered. Should either event take
place and your insurers settlement not cover the finance agreement settlement,
our insurers will pay either up to £10,000 or £20,000 depending on which
level is chosen.
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Count on a secure financial partner
By financing your trucks through PACCAR Financial, you have access to an experienced
partner that knows how to get the most out of your transport profits. We
can help to free up your working capital for core operations. Our committed
people, with their thorough approach and interest in your business, can really
make the difference for your business.
Straightforward approach
We don’t do business with every transport company. To continue to ensure
the highest level of service possible, we have our own financial standards
for customers. With PACCAR Financial, that means you get a successful company
that everyone contributes to equally. You obtain an open and honest deal
from a company that is here to stay.
Equal attention
We have clear European wide policies on how we do business. This is especially
advantageous for customers who have branches in different countries. That
makes it easy to close European deals. And it’s easy to work with
us locally. We have local offices that work with regional business managers
who are fully familiar with your specific circumstances. Decisions are
made with your local contact person. That means your request gets the same
attention and care to detail – whether you own one truck or an entire
fleet. PACCAR Financial offers the best of both worlds: the ‘we’ll
solve it’ spirit of your local office and the ‘we can do it’ global
resources of PACCAR Financial.
Thinking outside the box
Thanks to more than 50 years experience we understand the ups and downs of
your business. Seasonal payments, payment breaks and dedicated manufacturer
plans are just a few of our custom products created especially for vehicle
owners and operators
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