EXHIBIT 12.2
PACCAR Financial Corp.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Thousands of Dollars)
Three Months Ended
March 31
2000 1999
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FIXED CHARGES
Interest expense $ 40,305 $ 30,303
Facility and equipment rental 235 232
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TOTAL FIXED CHARGES $ 40,540 $ 30,535
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EARNINGS
Income before taxes $ 13,097 $ 12,545
Depreciation 1,397 1,596
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14,494 14,141
Fixed charges 40,540 30,535
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EARNINGS AS DEFINED $ 55,034 $ 44,676
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RATIO OF EARNINGS TO FIXED CHARGES 1.36x 1.46x
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