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|           | A1                                                                                                  | A-2                                                                                   | B-1                                                   | B-2                                                           |
|----------------|-----------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|-------------------------------------------------------|---------------------------------------------------------------|
|  Assignor |  Commitment                    (prior to giving effect to the AssignmentAgreement)   |  Commitment                    (after giving effect to the Assignment Agreement) |  Outstanding                    Capital (if any) |  Ratable                    Share of Outstanding Capital |
|           |                                                                                                |                                                                                  |                                                  |                                                          |

|           |   | A-2                                                                                                     | B-1                                                   | B-2                                                           |
|----------------|--------|---------------------------------------------------------------------------------------------------------|-------------------------------------------------------|---------------------------------------------------------------|
|  Assignee |   |  Commitment                    (after giving effect to the Assignment Agreement)    |  Outstanding                    Capital (if any) |  Ratable                    Share of Outstanding Capital |
|           |   |                                                                                                    |                                                  |                                                          |

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| 1.   | The                    trucks and equipment covered by this agreement will be invoiced                    immediately upon completion of manufacture at assembly plant                    and the title                    shall pass to purchaser upon tender of                    invoice. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | The                    seller will maintain responsibility for the physical condition                    of the                    trucks and equipment covered by this agreement until physical                    delivery is                    completed to the purchaser or his                    agent. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | While                    a late charge may be assessed from due date to actual date of                    payment, it                    is not intended for late charges to be accepted in lieu of prompt                    payment. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | The                    trade allowance set forth herein is based upon our appraisal                    of the                    trade-in referred to in its present mechanical condition, free                    of all                    liens, and with the equipment and attachments set forth upon                    our appraisal                    sheet.   Such trade-in shall be subject to reappraisal at                    the time it is delivered to us and if it is reappraised at a                    different                    value than the trade allowance set forth herein, because of                    difference in mechanical condition or because of removal or                    substitution of equipment or parts or attachments, or because                    it is                    subject to a lien not set forth herein, the trade allowance shall                    be                    changed to such reappraised value and the difference between                    the trade                    allowance  set forth herein and the reappraised value, less any lien                    not set forth herein, shall be paid in cash at the time that                    the new                    vehicle or vehicles covered by this proposal are delivered to                    you. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | You                    agree to accept the goods covered by this proposal, as fulfillment                    thereof, with such changes in design and materials, or either                    of them,                    that the manufacturer may make. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | If                    any sales or excise taxes now in effect shall be increased, any                    new sales                    excise, floor or processing taxes shall be imposed by federal,                    state or                    local laws, or if the amount of such tax actually due exceeds                    the amount                    specified in this proposal, you are to reimburse us for any and                    all such                    increased, or additional new, taxes that we may be required to                    pay or to                    reimburse others by reason of the manufacturer, importation,                    purchase or                    sale of the vehicles and equipment carried by this                    proposal. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | We                    shall not be responsible for delays in transportation or to delay                    the same                    on time when prevented by strikes, fires or accidents, or by                    the demand                    exceeding the available supply, or by any other cause reasonable                    beyond                    our control. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | The                    limited warranties applicable to the vehicles described herein                    are                    Navistar International Corp’s standard printed warranties which are                    incorporated herein by reference. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| I.     | Receivables                  Rollforward                        |          |
|--------|-----------------------------------------------------------------|---------------|
|   | Beginning                  Receivables                          | 271,835,046   |
|   | Gross                  Sales                                    | 105,089,715   |
|   | Additional                  Post Invoice                  Sales | 95,403        |
|   | Total                  Cash                  Collections        | (126,014,221) |
|   | Dilution                                                        | (330,200)     |
|   | Charge-offs                                                     | 0             |
|   | Recoveries                                                      | 0             |
|   | Unapplied                  Cash                                 | 0             |
|   | Other                  Adjustments                              | 0             |
|   | Total                  Receivables                              | 250,675,743   |

| II.    | Master                  Aging                  Schedule                     | Aging        |
|--------|-----------------------------------------------------------------------------|--------------|
|   | Current                                                                     | 165,875,499  | 66.17% |
|   | 1–30                  days past                  due                  | 60,134,384   | 23.99% |
|   | 31–60                  days  past                  due      | 5,881,180    | 2.35% |
|   | 61–90                  days  past                  due      | 639,527      | 0.26% |
|   | 91–120                  days past                  due                | 981,840      | 0.39% |
|   | >120                  days past                  due                     | 421,366      | 0.17% |
|   | Future                  (unapplied cash &                  terms>30) | 0            | 0.00% |
|   | Non-Aged                                                                    | 36,991,108   | 14.76% |
|   | Non-Aged                  Credits                                           | (20,012,163) | -7.98% |
|   | Other                  Credits & Unapplied                  Cash        | (236,906)    | -0.09% |
|   |      Total                  Receivables            | 250,675,834  | 100.00% |
|   |                                                                        |         |   |
|   | UNRECONCILED                  DIFFERENCE                                    | (90)         |   |

|   | Past                  Due Aging Schedule of A’s                  and B’s |
|--------|--------------------------------------------------------------------------------------|
|   |                                                                                 | Aging |
|   | Current                                                                              | 97,698,875 | 85.08% |
|   |  1–30                  days past                  due                     | 14,078,350 | 12.26% |
|   | 31–60                  days  past                  due               | 1,972,648 | 1.72% |
|   | 61–90                  days  past                  due               | 596,145 | 0.52% |
|   | 91–120                  days past                  due                         | 329,934 | 0.29% |
|   | >120                  days past                  due                              | 349,415 | 0.30% |
|   | Credits&Unapplied                  Cash                                          | (192,897) | -0.17% |
|   |      Total                  Receivables                     | 114,832,470 | 100.00% |

|   | Past                  Invoice Aging Schedule of                  C’s      |
|--------|---------------------------------------------------------------------------------|
|   | Current                                                                         | Aging |
|   |  1–30                  days                  past  invoice | 63,157,101 | 53.38% |
|   | 31–60                  days  past                  invoice      | 48,198,057 | 40.74% |
|   | 61–90                  days  past                  invoice      | 5,863,897 | 4.96% |
|   | 91–120                  days                  past  invoice     | 137,584 | 0.12% |
|   | >120                  days past                  invoice                     | 994,076 | 0.84% |
|   | Credits&Unapplied                  Cash                                     | (44,009) | -0.04% |
|   |      Total                  Receivables                | 118,306,705 | 100.00% |

| III.   | Eligible                  Receivables                                                                                        |        |
|--------|------------------------------------------------------------------------------------------------------------------------------|-------------|
|   | Total                  Receivables                                                                                           |        | 250,675,743 |
|   | Minus:   A&                  B Receivables> 60 days past due                                           |        | 1,275,494 |
|   |         Total                  B Receivables                                         | 105,835,211 |   |
|   |         Undelivered                  B Receivables                                   | 68,607,238  |   |
|   |         25%                  Haircut on Current undelivered B’s                |        | 17,151,809 |
|   |         10%                  Haircut on B’s                                    |        | 10,583,521 |
|   |         25%                  Haircut on 1-30dpi C’s                            |        | 15,789,275 |
|   |         C                  Receivables>90 days past invoice                       |        | 1,131,660 |
|   |         Non-aged                  (N) Receivables less N Credit                      |        | 16,978,944 |
|   |         Contra-Accounts>                  $500K                                   | 0           | 0 |
|   |         Non-Extended                  Terms> 120 Days                             |        | 0 |
|   |         Extended                  Terms Receivables                                  |        | 0 |
|   |         U.S.                  Government Receivables> 5%                          | 1,100,776   | 0 |
|   |         Obligors                  w/ 30%of A&B Rec’s>60 dpd (Note #1)   |        | 38,996 |
|   |         Obligors                  w/ 30%of C’s Rec’s>90 dpi (Note #1) |        | 0 |
|   |         Bankrupt                  Obligors                                           |        | 0 |
|   |         Other                  Ineligibles                                           |        | 0 |
|   | Eligible                  Receivables                  Balance                                                               |        | 187,726,043 |
|   |                                                                                                                         |        |   |

----

| IV.    | Capital                  Availability                                                                                                                                                                                                                                                                                                               |   |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | Eligible                  Receivables                  Balance                                                                                                                                                                                                                                                                                      |   | 187,726,043 |
|   | Minus:   Excess                  Concentrations (see Section VI)                                                                                                                                                                                                                                                                     |   | 59,892,783 |
|   |         Cendant                  excess concentration                                                                                                                                                                                                                                                       |   | 0 |
|   |                                                                                                                                                                                                                                                                                                                                                |   |   |
|   | Net                  Receivable                  Balance                                                                                                                                                                                                                                                                                            |   | 127,833,260 |
|   | Minus:   Loss                  Reserve Percentage X Net Receivables Bal (Note #2)                                                                                                                                                                                                                                                    | 20.00% | 25,566,652 |
|   |         Dilution                  Reserve Percentage X Net Receivables Balance (Note                  #3)                                                                                                                                                                                                   | 5.00%  | 6,391,663 |
|   |         Yield                  & Servicing Reserve Percentage X Net Receivables Balance                  (Note#4)                                                                                                                                                                                       | 1.00%  | 1,278,333 |
|   |                          In the event of a Credit                  Enhancement Trigger, the aggregate reserves would be the greater                  of:    (a)                  35% or                  (b) the sum of the Loss, Dilution and Yield and Servicing                  Reserve. |   |   |
|   |        Total                  Reserve Requirement                                                                                                                                                                                                                                                                |   | 33,236,648 |
|   |                                                                                                                                                                                                                                                                                                                                                |   |   |
|   |         Available                  for Funding                                                                                                                                                                                                                                                              |   | 94,596,613 |
|   |        Capital                  Outstanding (cannot  exceed $100 million)                                                                                                                                                                                                                              |   | 0 |
|   |                                                                                                                                                                                                                                                                                                                                                |   |   |
|   |         Purchaser                  Interest (cannot exceed 100%) (Note #5)                                                                                                                                                                                                                                  |   | 0.00% |
|   |                                                                                                                                                                                                                                                                                                                                                |   |   |
|   |         Amount                  Available or Paydown Required                                                                                                                                                                                                                                               |   | 0 |
|   |                                                                                                                                                                                                                                                                                                                                                |   |   |
|   |         AMOUNT                  ADVANCED/PAID DOWN                                                                                                                                                                                                                                                          |   | 0 |
|   |                                                                                                                                                                                                                                                                                                                                                |   |   |
|   | Purchaser                  Interest after                  Draw/Paydown (cannot exceed 100%)                                                                                                                                                                                                                                                        |   | 0.00% |

| V.     | Compliance                  (Note                  #6)                                                         |                                                                       | Termination                  Event? |
|--------|----------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------|-------------------------------------|
|   |                                                                                                           |                                                                       |                                |   |   |
|   | 3-Month                  Average Dilution Ration                  (cannot be greater than 2.5%)                |                                                                       |                                | 0.13% | No |
|   |                                                                                                           | Current                  month dilution                  ratio             | 0.25%                               |   |   |
|   |                                                                                                           | One                  month prior dilution                  ratio           | 0.09%                               |   |   |
|   |                                                                                                           | Two                  month prior dilation                  ratio           | 0.04%                               |   |   |
|   | 3-Month                  Average Master Aging                  Delinquency Ratio (cannot be greater than 5.5%) |                                                                       |                                |  1.38% |  No |
|   |                                                                                                           | Current                  month delinquency                  ratio          |  0.81%                         |   |   |
|   |                                                                                                           | One                  month prior delinquency                  ratio        |  1.41%                         |   |   |
|   |                                                                                                           | Two                  month prior delinquency                  ratio        |  1.92%                         |   |   |
|   | 3-Month                  Average Master Aging                  Default Ratio (cannot be greater than 0.5%)     |                                                                       |                                |  0.89% |  No |
|   |                                                                                                           | Current                  month default                  ratio              | 0.26%                               |   |   |
|   |                                                                                                           | One                  month prior                  default  ratio | 0.90%                               |   |   |
|   |                                                                                                           | Two                  month prior default                  ratio            | 1.51%                               |   |   |

| VI.    | Obligor                  Concentration                  Limits           |  20.00%                         |              |  Loss                Reserve                Floor |                                                    |                                |                                        |
|--------|--------------------------------------------------------------------------|--------------------------------------|-------------------|--------------------------------------------------------|---------------------------------------------------------|-------------------------------------|---------------------------------------------|
|   |  Obligor                  Name                                      |  Obligor                  Total |  Ineligibles |  Eligible                  Receivables            | Concentration                  Limit                  % |  Limit                  Amount |  Excess                  Concentration |
|   | Anheuser                  Bush, Inc. and                  Affiliates     | 164,160                              | 0                 | 164,160                                                | 18.00%                                                  | 33,790,688                          | 0                                           |
|   | Walmart                  Leasing and                  Affiliates         | 13,590,288                           | 1,432,695         | 12,157,594                                             | 18.00%                                                  | 33,790,688                          | 0                                           |
|   | PHH/Ameri                  Gas And Affiliates                  (Cendant) | 4,710,826                            | 376,480           | 4,334,346                                              | 10.00%                                                  | 18,722,604                          | 0                                           |
|   | Safeway                  Stores                                          | 947,457                              | 206,922           | 740,535,0                                              | 10.00%                                                  | 18,722,604                          | 0                                           |
|   | Sara                  Lee and                  Affiliates                | 0                                    | 0                 | 0                                                      | 10.00%                                                  | 18,722,604                          | 0                                           |
|   | Penske                                                                   | 63,181,606                           | 2,845,277         | 60,336,329                                             | 6.67%                                                   | 12,515,070                          | 47,821,259                                  |
|   | Budget                  (Cendant)                                        | 42,165,715                           | 11,321,587        | 30,844,128                                             | 10.00%                                                  | 18,772,604                          | 12,071,524                                  |
|   | Ryder                                                                    | 18,367,117                           | 1,765,665         | 16,601,452                                             | 10.00%                                                  | 18,772,604                          | 0                                           |
|   | Obligor                  1                                               | 0                                    | 0                 | 0                                                      | 6.67%                                                   | 12,515,070                          | 0                                           |
|   | Obligor                  2                                               | 0                                    | 0                 | 0                                                      | 6.67%                                                   | 12,515,070                          | 0                                           |
|   | TOTAL                                                                    | 143,127,169                          | 17,948,626        | 125,178,543                                            |                                                    |                                | 59,892,783                                  |

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