SCHAUMBURG, Ill. (August 31, 2009) - Navistar Financial Corporation, an affiliate of Navistar International Corporation (NYSE: NAV), is now offering a new Guaranteed Asset Protection (GAP) product to provide financial protection and peace of mind to customers.
GAP protects customers who suffer a total loss of vehicle by waiving the difference between the amount owed on the vehicle and the proceeds paid by the customer’s physical damage insurance provider.
“We’re committed to providing the financing products and services that our customers need to operate their businesses, and GAP is especially valuable in today’s marketplace, where used trucks are valued at relatively low amounts,” said Trish Reed, vice president, business operations. “GAP coverage helps customers to lower their risk and gain peace of mind in knowing that they are protecting their vehicle investment.”
Navistar Financial provides financial programs and services tailored to satisfy Navistar’s customer and dealer equipment financing needs. In March, Navistar Financial celebrated a milestone anniversary: 60 years of helping dealers and customers purchase International® trucks and IC buses. Additional information is available at: www.navistarfinancial.com.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Additional information is available at: www.navistar.com.
Media contact: Sara Mee 630-753-4101
Investor contact: Heather Kos 630-753-2406
Web site: www.Navistar.com/newsroom