Navistar Financial's New GAP Product Offers Financial Protection to Customers

SCHAUMBURG, Ill. (August 31, 2009) - Navistar Financial Corporation, an affiliate of Navistar International Corporation (NYSE: NAV), is now offering a new Guaranteed Asset Protection (GAP) product to provide financial protection and peace of mind to customers.

GAP protects customers who suffer a total loss of vehicle by waiving the difference between the amount owed on the vehicle and the proceeds paid by the customer’s physical damage insurance provider.

“We’re committed to providing the financing products and services that our customers need to operate their businesses, and GAP is especially valuable in today’s marketplace, where used trucks are valued at relatively low amounts,” said Trish Reed, vice president, business operations. “GAP coverage helps customers to lower their risk and gain peace of mind in knowing that they are protecting their vehicle investment.”

Navistar Financial provides financial programs and services tailored to satisfy Navistar’s customer and dealer equipment financing needs. In March, Navistar Financial celebrated a milestone anniversary: 60 years of helping dealers and customers purchase International® trucks and IC buses. Additional information is available at: www.navistarfinancial.com.

ABOUT INTERNATIONAL

Based in Lisle, Illinois, International Motors, LLC* creates solutions that deliver greater uptime and productivity to our customers throughout the full operation of our commercial vehicles. We build International® trucks and engines and IC Bus® school and commercial buses that are as tough and as smart as the people who drive them. We also develop Fleetrite®aftermarket parts. In everything we do, our vision is to accelerate the impact of sustainable mobility to create the cleaner, safer world we all deserve. As of 2021, we joined Scania, MAN and Volkswagen Truck & Bus in TRATON GROUP, a global champion of the truck and transport services industry. To learn more, visit www.International.com.

Media contact:
Nick Smith
nick.smith@navistar.com
480-398-6511

Investor contact: 
Marvin Kalberlah
marvin.kalberlah@navistar.com
630-432-5179

 

*International Motors, LLC is d/b/a International Motors USA LLC in Illinois, Missouri, New Jersey, Ohio, Texas, and Utah.