PacLease Expands Franchise Network With Opening of Nova Scotia Location

BELLEVUE, Wash., March 13, 2012 — PACCAR Leasing Company (PacLease) announces the opening of a new franchise location in Dartmouth, Nova Scotia, as it continues to expand its franchise network across North America.

“Economic activity continues to increase in Nova Scotia. For example, a recent $25 billion shipbuilding contract in Halifax, Nova Scotia is fueling economic activity in the Canadian Maritimes,” said PacLease President Neil Vonnahme. “Freight volumes are also rising as new oil and gas production expands in the Atlantic region.”

Activities like these are creating a number of growth opportunities as area PACCAR dealers like Peterbilt Atlantic respond to the need for full-service leasing from customers. Peterbilt Atlantic PacLease opened a new full service leasing location at 69 Gloria McCluskey Dr., in Dartmouth. They are open for business and can be reached at 902-468-7768.

“Fleet managers find that having premium equipment spec’d for driver comfort makes their companies more attractive to good drivers,” Vonnahme said. “Recuiting good drivers is becoming critical for their companies to handle those higher freight volumes.”

“PACCAR dealers find that customers are increasingly looking at full-service leasing as a viable alternative to buying and replacing aging equipment,” he said. “Full-service leasing through PacLease allows fleets to acquire popular Kenworth and Peterbilt trucks equipped with comfortable features without using their precious capital for down payments on trucks.

“Private fleets are also increasingly turning to new truck technology to help them reduce their fuel costs as well as their greenhouse gas emissions. And full-service leasing can help them accomplish that goal by taking the specing and maintenance guesswork out of the equation.”

PacLease, which has locations in Canada, the United States, Mexico and Germany, 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 the PacLease web site.

About PacLease and PACCAR
PACCAR Leasing Company (PacLease) 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 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.