Mack Financial Services is offering returning veterans special financing terms for new Mack commercial vehicles.
The company said the offer is being made in recognition of the dedication and sacrifice of U.S. military service men and women.
Details of the offer may be baffling to anyone not familiar with buying trucks.
Recent veterans who have received an honorable discharge can receive a .50 percent (50 basis points) discount off the approved finance rates from Mack Financial Services and obtained through a Mack dealer.
Asked for clarification, Mack spokeswoman Kimberly Pupillo said: "Fifty basis points means one half of one percentage point of the quoted finance rate."
She added: "For competitive reasons, we don’t discuss pricing. However, it varies widely depending on the model and the way a customer specs the truck."
Veterans must possess a valid and current Commercial Driver’s License (CDL) and must have been honorably discharged of active duty within the past 24 months to qualify.
The offer is open to recently discharged members of the U.S. Army, Navy, Air Force, Marines and Coast Guard.
“Mack Financial Services wants to show our appreciation of the service of returning vets with this unique financing offer,” said Tom Guse, president of the U.S. division of Mack Financial Services.
“Mack Financial Services and Mack – a company which builds all of its vehicles for the North American market in the U.S.A. – are pleased to offer a program such as this to alleviate some of the pressures experienced by returning military personnel following their service.”
Units must be delivered and funded by Dec. 31, 2014. All credit tier customers are eligible and the rate discount is limited to a maximum of three units per qualifying veteran.
For more information, please contact your local Mack dealer.
Mack Financial Services is an affiliate of Mack Trucks.