Credit and Finance

Our finance professionals and lending partners work in the West Coast on-highway market every day. We have experience navigating the complexities of commercial vehicle financing, state regulations, and local market conditions. We're here to help.

International Financial

Financing for new, used, lease, and service contracts

International Financial delivers flexible financing solutions that help you grow your fleet with confidence. They support new and used International trucks.

Fleet Charge®

Accepted at International, Love's, and Speedco locations

Fleet Charge is a no-fee billing program that gives truck and bus fleets a consistent, streamlined customer experience across the entire International® and IC Bus® dealer network—with guaranteed pricing, consolidated invoicing, and extensive nationwide support.

With Fleet Charge you get access to:

• The parts you need when you need them
• A wide dealer network throughout the U.S and Canada
• Expert service from a network of factory-trained, certified technicians
• Intuitive reporting, account management, and purchase tracking tools

The Cat Commercial Account

The Cat Commercial Account is the easy way to pay for parts, attachments, service and protection plans for your equipment. Shop at any Peterson Trucks location, local Cat dealer or The Cat Rental Store locations nationwide, even online at parts.cat.com and the Cat Central app. Then, manage low monthly payments or pay in full as your budget allows. You can also use your Cat Commercial Account for equipment rentals, repairs and rebuilds.

Loan vs Lease

1. International® Financial services are provided by Navistar Financial Corporation. Program eligibility, actual payments, terms and down payment are determined by Navistar Financial Corporation’s credit team based upon creditworthiness of customer.

2. Navistar Financial Corporation does not provide or endorse any tax or accounting advice or tax strategy to its dealers, customers or potential customers. You should consult with your own tax and accounting advisor on all such matters relating to the loan or lease financings described in this brochure.

3. TRAC leases are limited to motor vehicles leased to businesses and must be used for commercial purposes at least 50% of the time.

4. Lease products are only available on new vehicles.

* Lessor & lessee take pro rata portion of the estimated residual value risk

Loan

If you’re interested in equipment ownership, new or used, a personalized International® Financial loan may be right for you. A loan provides no mileage limitations, no vehicle usage limitations, a variety of payment plans and depreciation tax benefits.

• Full payout loan with level monthly payments, the most common repayment schedule
• Level principal payments with declining interest expense
• Skip payments to meet changing cash flow needs with seasonal business
• Balloon financing alternatives to preserve monthly cash flow
• Step-up payments to pay off a loan faster by reducing principle when your budget allows
• Step-down payments for businesses with seasonal revenue
• Delayed first payment

A loan can include much more than the vehicle, including the following

• Truck bodies and vehicle modifications
• Federal excise tax / sales tax
• Vehicle registration fees
• Service contracts

When the loan is fully paid off, the equipment is yours without any further obligation.

Lease

Leasing offers a variety of benefits. For example, customers who prefer to operate newer equipment can lease instead of purchase and typically pay lower upfront costs and monthly payments.* Leasing is also a convenient option for customers who are not interested in owning equipment or having to sell or trade the equipment. Different lease types are available, all with fixed monthly payments throughout the lease period. As an added convenience, customers may include the following within their lease payment:

• Truck bodies and vehicle modifications
• Federal excise tax / sales tax
• Vehicle registration fees
• Service solutions
• Extended service contracts

Tax implications

Lease payments are typically fully deductible as an operating expense. Consult with your tax preparer and reference your local and state tax laws for more details. International Financial offers several types of leases in order to best meet the needs of your business. The following pages will explain the differences.

Finance Lease

A finance lease is intended for customers reasonably certain to purchase the vehicle at lease end, for a predetermined amount (typically $1 or another nominal amount). Lease payments are fixed over the term and generally larger than other lease products.

TRAC and split TRAC Lease

Terminal Rental Adjustment Clause (TRAC) and Split TRAC leases typically offer lower monthly payments than purchasing but unlike an FMV lease, residual values are predetermined. If the customer decides not to purchase the vehicle, International® Financial can sell the vehicle. The customer will pay selling expenses. The customer will receive any surplus greater than the residual value.

• For a TRAC lease, if the value at lease-end is less than the residual, the customer must pay the full difference.
• For a Split TRAC lease, if the value at lease-end is less than the residual, the customer will pay only up to the specified, maximum liability

For either TRAC lease, the customer can refinance the residual at prevailing used truck finance rates or re-lease the vehicle for a reasonable term, subject to credit approval.

Fair Market Value (FMV) Lease

A Fair Market Value (FMV) lease offers fixed costs with no vehicle disposal issues. Customers can either purchase the vehicle at fair market value or simply return it (after meeting all obligations of the contract, including mileage and return conditions).