Fixed Rate/Simple Interest Plans: Like a mortgage on your home, our fixed-payment simple-interest loan features a locked interest rate on your loan balance. With PACCAR Financial, you only pay interest on the balance for the actual days outstanding. That’s a big advantage over loan terms that require set interest fees regardless of the balance outstanding, or when payments are received.

Variable/Floating Rate: If you prefer a loan with a floating rate, our variable-rate loan program is for you. By choosing a loan indexed to LIBOR or commercial paper, you can significantly enhance your cash flow. Your monthly loan payment is held constant for the duration of the loan, meaning you pay off the loan faster if rates go down or if you pay early. If interest rates go up, or if payments are made after their due date, a balloon payment may be required at maturity.