Kenworth and PACCAR Financial have extended their special inventory reduction finance program through May 1 and added 2001 Kenworth truck models to the offering.
The program, Three-Point Play, offers three financing options to retail buyers who purchase a new model year 1999, 2000 or 2001 Class 8 Kenworth from dealer inventory and finance it with PACCAR Financial.
The purpose of the program, say Kenworth officials, is "to help truck buyers overcome rising operating costs and depressed used truck values." The program is currently available only in the United States
The first finance option features a low introductory rate of 7.9% for the first 24 months of the loan, and then converts to 9.9% for the remaining 36 months of the term.
The second option gives the truck buyer $200 off their first 12 monthly loan payments. The buyer strikes the best finance deal with his Kenworth dealer, then Kenworth and PACCAR Financial will pay the first $200 on each of the loan payments for a year.
The third finance option is designed to assist buyers who may be "upside down" in their trade-in on an eligible new Kenworth truck. PACCAR Financial will make over-allowance financing available for creditworthy buyers.
When introduced in mid-December, the Three-Point Play Program included only new 1999 and 2000 model Class 8 Kenworths and was to have ended March 1, 2001.
The program, Three-Point Play, offers three financing options to retail buyers who purchase a new model year 1999, 2000 or 2001 Class 8 Kenworth from dealer inventory and finance it with PACCAR Financial.
The purpose of the program, say Kenworth officials, is "to help truck buyers overcome rising operating costs and depressed used truck values." The program is currently available only in the United States
The first finance option features a low introductory rate of 7.9% for the first 24 months of the loan, and then converts to 9.9% for the remaining 36 months of the term.
The second option gives the truck buyer $200 off their first 12 monthly loan payments. The buyer strikes the best finance deal with his Kenworth dealer, then Kenworth and PACCAR Financial will pay the first $200 on each of the loan payments for a year.
The third finance option is designed to assist buyers who may be "upside down" in their trade-in on an eligible new Kenworth truck. PACCAR Financial will make over-allowance financing available for creditworthy buyers.
When introduced in mid-December, the Three-Point Play Program included only new 1999 and 2000 model Class 8 Kenworths and was to have ended March 1, 2001.
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