<PAGE>
                                                                      EXHIBIT 10


                               MATERIAL CONTRACTS

The following material contracts are incorporated herein by reference:

10.1     Pooling and Servicing Agreement dated as of June 8, 1995, among
         Navistar Financial Corporation, as Servicer, Navistar Financial
         Securities Corporation, as Seller, The Chase Manhattan Bank, as 1990
         Trust Trustee, and The Bank of New York, as Master Trust Trustee. Filed
         as Exhibit 4.1 to Navistar Financial Securities Corporation's Form 8-k
         dated December 12, 2004. Filed on Registration No. 333-102345 and
         333-32960.

10.2     Purchase Agreement dated as of June 8, 1995, between Navistar Financial
         Corporation and Navistar Financial Securities Corporation, as
         Purchaser, with respect to the Dealer Note Master Trust. Filed on
         Registration No. 333-102345 and 333-32960.

10.3     Series 1995-1 Supplement to the Pooling and Servicing Agreement dated
         as of June 8, 1995, among Navistar Financial Corporation, as Servicer,
         Navistar Financial Securities Corporation, as Seller, and The Bank of
         New York, as Master Trust Trustee on behalf of the Series 1995-1
         Certificateholders. Filed as Exhibit 4.1 to Navistar Financial
         Securities Corporation's Form 8-K dated December 4, 2004. Filed on
         Registration No. 333-102345 and 333-32960.

10.4     Series 1998-1 Supplement to the Pooling and Servicing Agreement dated
         as of July 17, 1998, among Navistar Financial Corporation, as Servicer,
         Navistar Financial Securities Corporation, as Seller, and the Bank of
         New York, as Master Trust Trustee on behalf of the Series 1998-1
         Certificateholders. Filed as Exhibit 4.1 to Navistar Financial
         Securities Corporation's Form 8-K dated December 4, 2004. Filed on
         Registration No. 333-30737.

10.5     Certificate Purchase Agreement dated as of January 28, 2000, between
         Navistar Financial Securities Corporation, as seller, Navistar
         Financial Corporation, as Servicer, Receivable Capital Corporation, as
         the Conduit Purchaser, Bank of America, National Association, as
         administrative Agent for the Purchasers, and Bank of America, National
         Association, as a Committed Purchaser. Filed as Exhibit 1.1 on Form 8-K
         dated February 24, 2000. Filed on Registration No. 333-30737.

10.6     Series 2000-1 Supplement to the Pooling and Servicing Agreement dated
         as of July 13, 2000, among Navistar Financial Corporation, as Servicer,
         Navistar Financial Securities Corporation, as Seller, and the Bank of
         New York, as Master Trust Trustee on behalf of the Series 2000-1
         Certificateholders. Filed as Exhibit 4.1 to Navistar Financial
         Securities Corporation's Form 8-K dated July 14, 2000. Filed on
         Registration No. 333-32960.

10.7     Series 2003-1 Supplement to the Pooling and Servicing Agreement, dated
         as of July 13, 2003, among the Corporation, as Servicer, Navistar
         Financial Securities Corporation, as Seller, and the Bank of New York,
         as Master Trust Trustee on behalf of the Series 2003-1
         Certificateholders. Filed as Exhibit 4.1 to Navistar Financial
         Securities Corporation's Form 8-K dated July 11, 2003. Commission File
         No. 033-87374.

10.8     Series 2004-1 Supplement to the Pooling and Servicing Agreement dated
         as of July 13, 2004, among Navistar Financial Corporation, as Servicer,
         Navistar Financial Securities Corporation, as Seller, and the Bank of
         New York, as Master Trust Trustee on behalf of the Series 2004-1
         Certificateholders. Filed as Exhibit 4.1 to Navistar Financial
         Securities Corporation's Form 8-K dated July 11, 2004. Filed on
         Registration No. 333-102345 and 333-32960.

10.9     Master Owner Trust Agreement dated as of June 10, 2004, between
         Navistar Financial Dealer Note Master Owner Trust, as Issuer, and The
         Bank of New York, as Indenture Trustee. Filed as Exhibit 4.11 to
         Navistar Financial Dealer Note Master Owner Trust's Form 8-K dated June
         14, 2004. Commission File No. 333-104639-01.