DAF Trucks N.V.
PACCAR Financial

Used Truck Financing

PACCAR Financial - Your finance and lease partner for used trucks

PACCAR Financial provides a complete range of financing possibilities for those customers wishing to operate young used DAF vehicles about to enter service with their second owner. These vehicles are typically bought via the DAF Trucks dealer network or via the DAF Used Truck Centres.

For more information about current used trucks availability in the DAF dealer network, please visit the Used Trucks Locator.

Lease types available in your country can be sensitive to your country’s legislation. In order to provide you with a tailor-made solution, please contact our Regional Business Managers in your country, who are looking forward to discuss with you all the possibilities.

When you choose for operational lease, you are not buying the truck or trailer, but you buy the use of the vehicle for a fixed period of time. You do not have to worry about residual values, because at the end of the lease period, PACCAR Financial is responsible for the vehicle.

You can choose several options to include in your lease, in this way; you invest in your company, while limiting the payments and risks. The residual value and lifecycle risk is taken by PACCAR Financial, as well as the disposal. Operational lease is fiscally considered “off-balance”, the instalments are at the expense of your Profit & Loss account, which can often lead to better financial ratings.

Main characteristics of Operational lease:

  • Rental agreement with a fixed duration (determined by the yearly kilometres and economic lifecycle)
  • Fixed monthly payment of depreciation and interest
  • PACCAR Financial is economical and legal owner of the vehicle.
  • Duration is no more than the economical lifecycle, vehicle will be written down to a substantial residual value (local laws apply)
  • Vehicle on the balance sheet of PACCAR Financial
  • Can be extended with additional services (such as repair & maintenance)

Main advantages of Operational lease:

  • No purchase obligation
  • Less administrative burden compared to outright purchase
  • Many operational costs can be included in the contract
  • PACCAR Financial bares the risk of value depreciation (residual value, lifecycle) and disposal
  • Does not affect the balance sheet (“off balance”), therefore no negative effect on your solvency
  • Monthly lease payments can be deducted from your operational result
  • Less restrictions on credit facility with your bank

When you choose for financial lease, you spread the purchase expense over a fixed period of time for a fixed, or in some cases variable rate. You know exactly what your monthly costs are and have no major initial outlay. You use the equipment, PACCAR Financial owns it. And when all payments have been made, you can either extend the lease or pay the pre-determined settlement and become owner of the vehicle yourself. Financial lease can also be beneficial from a tax point of view.

Main characteristics of Financial lease:

  • Purely financial transaction
  • Fixed monthly payments of instalments and interest
  • Vehicle will be activated on your balance sheet + write-offs
  • Can be extended with additional services

Main advantages of Financial lease:

  • 100% financing (unless agreed otherwise)
  • Vehicle will be your property after maturity of the contract
  • Fiscal advantages are applicable