Schaumburg, IL (October 30, 2006) Schaumburg, IL (October 30, 2006) – Navistar Financial Corporation in conjunction with IC Corporation announced today the addition of TRAC Leasing and Finance Leasing programs for IC's new commercial bus offering.
When IC Corporation entered the commercial bus market earlier this year, the company anticipated the need for lease financing products, and they turned to Navistar Financial to provide the products required. For the first time, Navistar Financial will provide lease products on commercial buses.
"We are pleased to help our customers focus on their core business by providing them lease products at a competitive rate in a new market for IC Corporation," said Trish Reed, VP of Marketing for Navistar Financial. "Navistar Financial's entry into this market is another creative approach to help sell more buses and support IC Corporation's new product line."
The new IC Corporation Commercial Bus Products that are currently eligible include: HC Series, LC Series, RC Series, FC Series and commercial applications of the BE Series. This program is designed for medium and large fleets and private traditional customers.
Customers can sign a 36- through 72-month lease with one payment in advance. Arrears leases for those qualifying customers are also available. Additional rules and restrictions apply. Visit www.navistarfinancialonline.com for more information.
About Navistar Financial Corporation
Navistar Financial Corporation is a wholly owned finance subsidiary of International Truck and Engine Corporation, the operating company of Navistar International Corporation (NYSE: NAV). Navistar Financial provides financing options combined with dependable, consistent service and knowledge to satisfy all International's customer and dealer equipment financing needs. The operating company produces International® brand commercial trucks, mid-range diesel engines and IC brand school buses, and is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. Additional Navistar Financial information is available at www.navistarfinancialonline.com.
About IC Corporation
IC Corporation, the nation's largest integrated school bus and commercial bus manufacturer, is an affiliate of International Truck and Engine Corporation. International produces school bus chassis, mid-range diesel engines, medium trucks, heavy trucks, severe service vehicles, and is a provider of parts and service sold under the International brand. Both IC and International are affiliates of Navistar International Corporation (NYSE: NAV). Additional information is available site at: www.ic-corp.com.