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PacLease Debuts New Leasing Program for Medium-duty Trucks

May 8, 2015 By: Trucking News Staff Tags: Fleet Management, News, Owner Operators

Paccar Leasing Co. (PacLease) introduced an innovative medium-duty leasing program called the PacLease Value Spec at last week’s 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,” Walden said.

Powered by the Paccar PX-7 engine, rated at 220 horsepower and matched with an Allison five-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.”

Paccar Leasing Co. 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.