Kenworth Offers Inventory Reduction Deals
21 December 2000
NEWS RELEASE Kenworth Offers Inventory Reduction Deals with Special Finance Incentives KIRKLAND, Wash., Dec. 19, 2000 - Kenworth Truck Company and PACCAR Financial Corp. are offering Inventory Reduction deals under two new finance programs to help truck buyers overcome rising operating costs and depressed used truck values. The "Three-Point Play" Program offers retail buyers three attractive financing options when they purchase a new model year 1999 or 2000 Kenworth truck and finance it with PACCAR Financial. The first 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 under "Three Point Play" provides the buyer with $200 off their first 12 monthly loan payments. The truck buyer simply strikes their best finance deal with their Kenworth dealer, then Kenworth and PACCAR Financial will pay the first $200 on each of the loan payments for a year. And finally, the third option is to assist buyers who may be "upside down" in their trade-in on an eligible new Kenworth truck. PACCAR Financial will help by making over-allowance financing available for credit worthy buyers. The "Three-Point Play" Program options are available with the purchase of any new 1999 or 2000 Kenworth Class 8 truck in Kenworth dealer inventory now through March 1, 2001, and financed with PACCAR Financial. The program is currently available only in the United States. The second finance program highlights the benefits of utilizing leasing in the fourth quarter of the year. The "4th and Goal" Lease Program is available through December 31, 2000 (U.S. program only). It provides truck buyers with the low payments associated with leases executed in the fourth quarter. As an added benefit, lease any new model year 1999 or 2000 Kenworth truck under the "4th and Goal" Program and receive $200 off the first 12 monthly payments. Or, lease any new model year 2001 Kenworth truck under the "4th & Goal" Program and take $500 off any one of the monthly lease payments. For more information on either of these special financing programs, please contact your local Kenworth dealer. Kenworth Truck Company, a division of PACCAR Inc, is a leading manufacturer of heavy and medium duty trucks. Kenworth's Internet home page is at www.kenworth.com. #