International to offer 0 percent financing

| 12/20/2002

Concerns about the reliability of new EPA-compliant trucks and the state of the economy has prompted International Truck & Engine Corp. to offer free breakdown service and 0 percent financing on new trucks purchased in the first three months of 2003.

During a press teleconference, Truck Group President Steve Keate said concerns about reliability apply to new Class 8 sales. So International decided to offer its free Diamond Plus Support package for every new International 8000 and 9000i series Diamond Spec truck sold or ordered between now and March 31, 2003.

In addition to a 2-year, 200,000-mile warranty, the package includes 24-hour emergency breakdown repair assistance for as long as the customer owns the truck. If a truck purchased under the program breaks down, the nearest International dealer will repair it within 24 hours or provide a replacement truck for three days or 1,500 miles at no charge, Keate said.

Meanwhile, Keate said 2002 would be remembered as one of the worst years for the truck industry, due to high fuel and insurance costs, the used truck glut early in the year, tough economic conditions and the EPA '02 disruptions to the heavy truck market.

On the plus side, Keate noted recent reports of increased productivity, factory orders and durable goods orders. In addition, truck tonnage is now showing growth, he added. He also said demand for new Class 8 trucks should grow significantly in 2003.