PACCAR steps in to support customers of bankrupt truck rental company09 May 2018
DAF Trucks’ in-house finance division, PACCAR Financial, has reacted quickly to ease concerns of DAF operators with rental agreements with TOM Vehicle Rental after the Airdrie, Scotland-based, nationwide rental firm entered into administration at the end of March.
Within one working week, an emergency team of PACCAR Financial representatives had contacted all ex-TOM Vehicle Rental customers with DAF vehicles – totalling 100 businesses operating several hundred vehicles – to offer funding support and to reassure them of continued DAF aftersales back-up. PACCAR Financial has since reported a significant uptake in rearranged funding contracts.
Paul Young, regional asset manager, PACCAR Financial, said: “We won’t leave any financially-stranded DAF operator high and dry. This is an extremely unfortunate situation for many operators, and we were quick to respond to their concerns. Regardless of fleet make-up, we want any DAF operators affected by situation at TOM Vehicle Rental to know that DAF Trucks and PACCAR Financial will help keep their DAF vehicles on the road and earning money.”
Author
Will Dalrymple
Related Companies
DAF Trucks Ltd
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