Final Term Sheet		Filed Pursuant to Rule 433
Medium-Term Notes, Series R - Fixed Rate November 18, 2024		Registration No. 333-283056

PACCAR Financial Corp.

Medium-Term Notes, Series R - Fixed Rate

CUSIP #69371RT55

(the "Notes")

We are hereby offering to sell Notes having the terms specified below to you with the assistance of:

☒ MUFG Securities Americas Inc.

☐ BNP Paribas Securities Corp.

☒ BofA Securities, Inc.

☐ ING Financial Markets LLC

☐ J.P. Morgan Securities LLC

☒ Mizuho Securities USA LLC

☐ PNC Capital Markets LLC

☒ RBC Capital Markets, LLC

☐ Santander US Capital Markets LLC

☐ SMBC Nikko Securities America, Inc.

☐ SG Americas Securities, LLC

☒ TD Securities (USA) LLC

☒ U.S. Bancorp Investments, Inc.

☐ Wells Fargo Securities, LLC

☒ Other:

Westpac Capital Markets LLC

acting as ☒ principal ☐ agent

at:	☐ varying prices related to prevailing market prices at the time of resale

☒ a fixed initial public offering price of 99.915% of the Principal Amount.

Principal Amount: $400,000,000		Original Issue Date: November 25, 2024 (T+5)
Agent's Discount or Commission: 0.150%		Final Maturity Date: November 25, 2026
Net Proceeds to Company: $399,060,000		Interest Payment Dates: Semi-annually on each May 25 and November 25, commencing May 25, 2025 Record Dates: May 11 and November 11 preceding the applicable Interest Payment Date

Treasury Benchmark: 4.125% due October 31, 2026

Treasury Yield: 4.295%

Reoffer Spread: T+25bps

Reoffer Yield: 4.545%

Interest Rate: 4.500% per annum

Redemption:
☒		The Notes may not be redeemed prior to the Maturity Date.
☐		The Notes may be redeemed at our option prior to the Maturity Date.
	Initial Redemption Date:
	Initial Redemption Percentage: ____%
	Annual Redemption Percentage Reduction: % until Redemption Percentage is 100% of the Principal Amount.

Repayment:

☒		The Notes may not be repaid prior to the Maturity Date.
☐		The Notes may be repaid prior to the Maturity Date at the option of the holder of the Notes.
	Option Repayment Date(s):
Currency:
	Specified Currency: USD (If other than U.S. dollars, see attached)
	Minimum Denominations: ___________ (Applicable only if Specified Currency is other than U.S. dollars)
	Exchange Rate Agent: ___________ (Applicable only if Specified Currency is other than U.S. dollars)

If Discount Note, check ☐

Issue Price: ____%

Form: ☒ Book-Entry ☐  Certificated

Plan of Distribution:

Name		Title		Principal Amount of Notes
MUFG Securities Americas Inc.		Bookrunner		$	112,000,000
BofA Securities, Inc.		Bookrunner		$	112,000,000
TD Securities (USA) LLC		Bookrunner		$	112,000,000
Mizuho Securities USA LLC		Co-Manager		$	16,000,000
RBC Capital Markets, LLC		Co-Manager		$	16,000,000
U.S. Bancorp Investments, Inc.		Co-Manager		$	16,000,000
Westpac Capital Markets LLC		Co-Manager		$	16,000,000
Total			$	400,000,000

Other Provisions:

N/A

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, MUFG Securities Americas Inc., BofA Securities, Inc., TD Securities (USA) LLC, or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting BofA Securities, Inc., at 1-800-294-1322, MUFG Securities Americas Inc. toll-free at 1-877-649-6848 or TD Securities (USA) LLC toll-free at 1-855-495-9846.