PacLease Continues Growth Momentum, Adds 14 New Locations in US and Canada

BELLEVUE, Wash., March 3, 2008 – After seeing the number of its locations double in four years, PACCAR Leasing Company (PacLease) continues its rapid expansion with the announcement of 14 new locations throughout the U.S. and Canada. This brings the PacLease location total to 328.

“Our location growth has been outstanding,” said PacLease President Bob Southern. “PACCAR dealers are looking for more ways to serve their customers and markets—and full-service leasing offers that opportunity. They’re finding customers who understand the financial benefits of leasing premium Kenworth and Peterbilt trucks, coupled with the value of outsourcing vehicle maintenance.”

PacLease’s fleet size has doubled over the past five years and the new locations position the company well for further growth. “Even during uncertain economic times, companies continue to turn to full-service leasing for the benefits of off-balance sheet financing and having their trucks cared for by experienced technicians,” Southern said. “Based on historical data, we know that the truck leasing market typically expands at a faster rate than the rest of the industry during strong truck buying markets. We’re beginning to see that happen now and expect to continue this momentum as companies consider the upcoming 2010 engine change.”

According to Southern, customers can custom spec medium- and heavy-duty trucks – even hybrid units – through PacLease to match their transportation requirements. “We spec the trucks with our customers to increase operating efficiency. What’s more, we perform all the maintenance on the vehicles. It allows our customers to reduce risk by eliminating the uncertainty of unexpected costs that could impact those in ownership. PacLease also helps to improve fleet operations through on-board technology, paperless fuel tax reporting, insurance and fuel purchasing programs.”

The new United States locations are:

• Inland PacLease, 3924 Bloomfield Highway, Farmington, N.M. 87401, (505-327-0200)
• Allstate PacLease, 901 Prior Avenue N., St. Paul, Minn. 55114, (651-917-3020)
• Allstate PacLease, 21701 John Deere Lane, Rogers, Minn. 55374, (763-425-5250)
• Gabrielli PacLease, 2300 US Highway 130, Dayton, N.J. 08810 (732-438-5740)
• Golden State Peterbilt PacLease, 15243 Road 192, Porterville, Calif. 93257, (559-782-5800)
• Golden State Peterbilt PacLease, 4390 South Begley, Fresno, Calif. 93725, (559-237-1621)
• Golden State Peterbilt PacLease, 1450 South Union Avenue, Calif. 93307, (661-833-1700)

The new Canadian locations are:

• Inland PacLease, 1995 Quinn Street, Prince George, B.C. V2N 2X2, (250-562-8171)
• Inland PacLease, 865 Notre Dame Drive, Kamloops, B.C. V2C 6N8, (250-374-4406)
• Bayview PacLease, 315 McAllister Drive, Saint John, N.B. E2J 2S8, (506-648-0953)
• Bayview PacLease, 10 Gillis Road, Fredericton, N.B. E3C 2P3, (506-451-2100)
• Bayview PacLease, 33 Rosemount Avenue, Sussex, N.B. E3E 2R5, (506-433-1784)
• Bayview PacLease, 6 Old Bay Road, St. Stephen, N.B. E3L 2Y1, (506-465-8555)
• Edmonton Kenworth PacLease, 6101 63rd Avenue, Lloydminster, A.B. T9V3C1 (780-871-0950)

PacLease provides customized full-service leasing programs and truck rentals for customers in a wide variety of industries. To learn more about PacLease programs contact a local PacLease location or visit www.paclease.com.


About PacLease and PACCAR

PACCAR Leasing Company (PacLease) is one of the fastest-growing, most innovative 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 Germany. 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.

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