Mercedes-Benz Credit Grows Truck Business

February 1, 1999

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Mercedes-Benz Credit Corp.’s commitment to supporting Freightliner Corp.’s customers has propelled MBCC’s commercial vehicle portfolio beyond the $4 billion level.
Since MBCC established a dedicated Truck Div. in 1993, its truck portfolio has grown from $1.25 billion to more than $4 billion at the end of October 1998, with more than 83,000 trucks in its portfolio. This growth comes on the heels of record sales for Freightliner.
“Since we rededicated ourselves five years ago to the Freightliner-related business, our portfolio has tripled,” says Paul Payne, vice president of MBCC, recently renamed DaimlerChrysler Financial Services North America. The National Truck Office is headquartered in Lisle, IL.
MBCC is a “captive” finance company — it provides its services and products only to buyers of Freightliner Corp. products. In addition to financing trucks for customers, MBCC gives dealers loans and other financing for new construction and facility expansion.
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