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EXHIBIT 12.4
PACCAR Financial Corp.
COMPUTATION OF RATIOS FOR ALLOWANCE FOR LOSSES
ON RECEIVABLES AND PAST DUE LEVELS
(Thousands of Dollars)
Nine Months Ended
September 30
1995 1994
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Net credit losses (recoveries) $ (1,065) $ (2,012)
Allowance for losses at end of period 34,105 27,260
Average finance receivables and
equipment on operating leases 1,838,338 1,571,868
Period end finance receivables and equipment
on operating leases 1,989,987 1,661,010
Period end gross contracts and operating
lease receivables past due over 60 days 6,475 4,451
Period end gross contracts and
operating lease receivables 1,628,042 1,420,219
Ratios:
Net credit losses (recoveries) to
average finance receivables and
equipment on operating leases (1) (.08%) (.17%)
Allowance for losses to period end
finance receivables and equipment on
operating leases 1.71% 1.64%
Period end gross contracts and operating lease
receivables past due over 60 days to period
end gross contracts and operating lease receivables .40% .31%
(1) Annualized.
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