CINCINNATI, April 27, 2015 – PACCAR Leasing Company (PacLease) has announced an innovative medium-duty leasing program, called the PacLease Value Spec. The program is being showcased at the National Private Truck Council (NPTC) convention in Cincinnati.
“We’re seeing continued growth in the U.S. and Canadian medium duty lease market – especially in the Class 6 segment since drivers are not required to have CDLs,” said Rick Walden, PacLease’s director of sales. “Leasing continues to be a popular option for many operators. To meet the need, we have two of the finest medium duty vehicles in the industry, with the Peterbilt Model 330 and Kenworth T270. By working with our suppliers, and the applications engineers at Kenworth and Peterbilt, we’ve been able to package a cost-effective lease program that is extremely competitive in the marketplace. What’s more, the spec was done with weight in mind – these trucks are very low in weight to maximize payload. All told, our Value Spec package will turn heads by offering the premier medium duty products, optimum performance and competitive lease rates.”
Powered by the PACCAR PX-7 engine, rated at 220 hp and matched with an Allison 5-speed automatic, the PacLease Value Spec is especially suited for the food and beverage industry. “We’re working with body suppliers and we have a fast-tracking program in place so our customers can get the bodies installed typically within two weeks,” said Walden. “That means a customer can custom order a Value Spec truck from us and have it delivered weeks if not months sooner than if they were to order the stock truck themselves. If a customer needs a medium-duty truck immediately, our franchises are well-equipped with rental units – that means we can very likely get them into a short- or long-term rental to meet immediate delivery needs.”
According to Walden, PacLease offers the full line of heavy- and medium-duty Kenworth and Peterbilt models. “This goes down to Class 5 and up to Class 8, and we offer cabover models in Class 6 and 7 applications for those customers needing a truck with a tight turning radius for inner-city deliveries,” he said.
Industry studies have shown a continued shift toward full-service leasing, especially with private fleets. “According to the 2014 NPTC benchmarking study, full-service leasing is at an all-time high with private fleets,” said Walden. “More than 66 percent of NPTC members use full-service leasing to some degree, up from 59 percent five years ago. We expect that trend to continue. Positive trends are also coming out of specific vocations. The recent Beverage World magazine fleet survey pointed out that five years ago, about 32 percent of beverage operators leased some of their trucks. Today that number is at 42 percent. The increase in leasing with bottlers is even more dramatic – only 11 percent leased some of their trucks five years ago and today it’s 43 percent.”
About PacLease and PACCAR
PACCAR Leasing Company (PacLease) is one of the fastest-growing commercial truck leasing companies in the transportation industry. PacLease has independent and company-owned full-service leasing locations throughout the United States, Canada, Mexico and Europe. PacLease provides customized full-service lease, rental and contract maintenance programs designed to meet the specific needs of customers. A combination of reliable, custom-built trucks and complete service offerings allows customers to maximize the value of their transportation resources.
PACCAR Leasing is a part of the financial services group of PACCAR Inc, a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR, and its homepage can be found at www.paccar.com.