<PAGE>
                NAVISTAR FINANCIAL CORPORATION
                       AND SUBSIDIARIES
                               
                                                     Exhibit 24
                       POWER OF ATTORNEY

    Each person whose signature appears below does hereby make,
constitute  and appoint John J. Bongiorno, Phyllis  E.  Cochran
and William W. Jones and each of them acting individually, true
and lawful attorneys-in-fact and agents with power to act with-
out the other and with full power of substitution,  to  execute
deliver and file, for and on such person's behalf, and in  such
person's name and capacity or  capacities as  stated below, any
amendment, exhibit or supplement to the Form 10-K Report making
such  changes  in the  report as  such  attorney-in-fact  deems
appropriate.


                          SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act
of  1934,  this  report has been signed below by the  following
persons  on behalf of the registrant and in the capacities  and
on the dates indicated:
<TABLE>
<CAPTION>
   Signature           Title                              Date
<S><C>                 <C>                             <C>  
/s/JOHN J. BONGIORNO   President and Chief Executive   January 26, 1996
   John J. Bongiorno   Officer; Director          
                       (Principal Executive Officer)
                                                
/s/R. WAYNE CAIN       Vice President and Treasurer;   January 26, 1996
   R. Wayne Cain       Director                   
                       (Principal Financial Officer)
                                                
/s/PHYLLIS E. COCHRAN  Vice President and Controller;  January 26, 1996
   Phyllis E. Cochran  Director                   
                       (Principal Accounting Officer)
                                                
/s/JORDAN H. FEIGER    Vice President, Operations;     January 26, 1996
   Jordan H. Feiger    Director                   
                                                
/s/JOHN R. HORNE              Director                 January 26, 1996
   John R. Horne                             
                                             
/s/THOMAS M. HOUGH            Director                 January 26, 1996
   Thomas M. Hough                              
</TABLE>
<PAGE>
                NAVISTAR FINANCIAL CORPORATION
                       AND SUBSIDIARIES
<TABLE>
<CAPTION>                               

                    SIGNATURES (Continued)
                   
Signature                     Title                        Date
<S><C>                        <C>                     <C>
                                           
/s/ROBERT C. LANNERT          Director                January 26, 1996
   Robert C. Lannert                       
                                           
                                           
/s/ROBERT I. MORRISON         Director                January 26, 1996
   Robert I. Morrison                      
                                           
                                           
/s/THOMAS D. SILVER           Director                January 26, 1996
   Thomas D. Silver                        
</TABLE>