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EXHIBIT 12.4
PACCAR Financial Corp.
COMPUTATION OF RATIOS FOR ALLOWANCE FOR LOSSES
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ON RECEIVABLES AND PAST DUE LEVELS
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(Thousands of Dollars)
Year Ended December 31
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1993 1992 1991
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Net credit losses $ 3,919 $ 8,611 $ 21,237
Allowance for losses at end of period 24,000 21,840 21,840
Average net receivables and equipment on
operating leases 1,320,214 1,124,850 1,105,857
Period end net receivables and equipment
on operating leases 1,505,872 1,179,225 1,107,579
Period end gross retail contracts and
leases past due over 60 days 5,704 15,184 23,370
Period end gross retail contracts
and lease receivables (1) 1,436,639 1,022,382 977,880
Ratios:
Net credit losses to average net
receivables and equipment on
operating leases .30% .77% 1.92%
Allowance for losses to period end net
receivables and equipment on
operating leases 1.59% 1.85% 1.97%
Period end gross retail contracts and leases
past due (over 60 days) to period end gross
retail contracts and lease receivables .40% 1.49% 2.39%
(1) Exclusive of Pledge Line receivables.
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