EXHIBIT 12.2

**Form 10-QPACCAR Financial Corp.**

**COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES**

**PURSUANT TO THE SUPPORT AGREEMENTBETWEEN THE COMPANY AND PACCAR****(Millions of Dollars)**

|                                                                                                                                                         | Three Months Ended  March 31, |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|
|                                                                                                                                                         | **2001**                      | 2000 |
|                                                                                                                                                         |   (Unaudited)       |
|    FIXED CHARGES                                                                                                                                   |                          |   |
|        Interest expense                                                                                                        | **$49.3**                     | $44.4 |
|        Facility and equipment rental                                                                                           | **0.4**                       | .4 |
|                                                                                                                                                         |                          |   |
|    TOTAL FIXED CHARGES                                                                                                                             | **$49.7**                     | $44.8 |
|                                                                                                                                                         |                          |   |
|    EARNINGS                                                                                                                                        |                          |   |
|        Income before taxes                                                                                                     | **$5.4**                      | $14.8 |
|       Depreciation                                                                                                                  | 3.0                           | 2.1 |
|                            |                          |   |
|                                                                                                                                                         | 8.4                           | 16.9 |
|        Fixed charges                                                                                                           | **49.7**                      | 44.8 |
|    EARNINGS AS DEFINED                                                                                                                             | **$58.1**                     | $61.7**** |
|                                                                                                                                                         |                          |   |
|    RATIO OF EARNINGS TO FIXED CHARGES                                                                                                              | **1.17x**                     | 1.38x |