Paccar offers funding support to DAF operators

DAF


Paccar Financial has offered funding support to DAF operators who had rental agreements with collapsed firm TOM Vehicle Rental.

Within one working week of the Airdrie-based company entering administration at the end of March, according to DAF’s in-house finance division, it had contacted all ex-TOM Vehicle Rental operators running LFs, CFs or XFs - covering approximately 100 businesses and several hundred vehicles.

Paccar Financial has subsequently reported a significant uptake in rearranged funding contracts.

Paul Young, regional asset manager at Paccar Financial, said: “Regardless of fleet make-up, we want any DAF operators affected by the situation at TOM Vehicle Rental to know that DAF Trucks and Paccar Financial will help keep their DAF vehicles on the road.

"This is an unfortunate situation, and we were quick to respond to operators’ concerns.”

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