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Helps - USA - OEMs cut financing customers a break
USA - Fleet Owner, by Terrence Nguyen -Sep 13, 2005:--) Heavy-duty truck OEMs are offering existing customers directly affected by the hurricane some flexibility with their truck finance payments... DaimlerChrysler Services Truck Finance, a provider of wholesale financing and credit lines to customers of Freightliner, Sterling and Western Star, is offering “special circumstance” extensions and deferrals... Schaumburg, IL-based Navistar Financial Corp., a wholly owned finance subsidiary of International Truck and Engine Corp., will offer customers residing in the FEMA federal disaster areas established after Hurricane Katrina a two-month deferral of loan or lease payments... Volvo Trucks and Mack Trucks, which are wholly owned by Gothenberg, Sweden-based Volvo Group, are offering a payment assistance program through Volvo Commercial Finance and Mack Commercial Finance, respectively, to skip payments until Jan. 1, 2006... Although Paccar Inc. has no official comment on Katrina-related financing programs, it is believed to be making similar arrangements...
posted by Unknown @ 10:41 AM
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