|   | Delaware                                                            |   | 36-2472404                                |   |
|--------|---------------------------------------------------------------------|--------|-------------------------------------------|--------|
|   | (State      or other jurisdiction of incorporation or organization) |   | (I.R.S.      Employer Identification No.) |   |

|                                                               Large Accelerated    filer   [   ] |                                Accelerated      filer                            [   ] |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                               Non-Accelerated    filer     [X]        |                                Smaller reporting      company     [   ]                                                                                                     |

----

INDEX

| NAVISTAR      FINANCIAL CORPORATION |
|-------------------------------------|
| AND      SUBSIDIARIES               |
|                                |
|                                |
| INDEX                               |
|                                |
|                                |   |   |   | PageReference |
|                                |   |   |   |   |
|                                | PART      I. |   | FINANCIAL INFORMATION |   |
|                                |   |   |   |   |
|                                | Item      1. |   | Consolidated Financial    Statements: |   |
|                                |   |   |   |   |
|                                |   |   | Consolidated Statements of Operations  -                                                              Three      Months and Nine Months Ended July 31, 2008 and 2007 | 3 |
|                                |   |   |   |   |
|                                |   |   | Consolidated Statements of Shareowner’s Equity and      Comprehensive Income (Loss) -                                                        Nine      Months Ended July 31, 2008 and 2007 | 4 |
|                                |   |   |   |   |
|                                |   |   | Consolidated Statements of Financial Condition -                                                                July 31, 2008 and October 31, 2007  | 5 |
|                                |   |   |   |   |
|                                |   |   | Consolidated Statements of Cash Flows -                                                   Nine Months      Ended July 31, 2008 and 2007 | 6 |
|                                |   |   |   |   |
|                                |   |   | Notes to Consolidated Financial      Statements                                                                                             | 7 |
|                                |   |   |   |   |
|                                | Item      2. |   | Management's Discussion and Analysis of Financial      Condition  and Results of Operations | 19 |
|                                |   |   |   |   |
|                                | Item      3. |   | Quantitative and Qualitative Disclosures about Market      Risk | 27 |
|                                |   |   |   |   |
|                                | Item      4. |   | Controls and      Procedures                                                                                               | 27 |
|                                |   |   |   |   |
|                                |   |   |   |   |
|                                | PART      II. |   | OTHER      INFORMATION |   |
|                                |   |   |   |   |
|                                | Item      6. |   | Exhibits                                                                                            | 30 |
|                                |   |   |   |   |
|                                |   |   | Signature                                                                                            | 31 |
|                                |   |   |   |   |
|                                |   |   | Exhibit      Index                                                                                              | 32 |

----

INDEX

PART I

Item 1.   Consolidated FinancialStatements

Operations 

|  Millions      of dollars                                                                                                                                                                                                                                                                                                                                                                                |   | For      the Three Months Ended July 31 |   |   | For      the Nine Months Ended July 31 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|--------|----------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                          |   | 2008                                    |   |   | 2007                                   |   |   | 2008 |   |   | 2007 |   |
| Revenues                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                    |   |   |                                   |   |   |   |   |   |   |   |
| Retail      notes and finance leases revenue                                                                                                                                                                                                                                                                                                                                                                  |   | $                                       | 53.3   |   |                                   | $      | 66.5 |   |   | $ | 172.0 |   |   | $ | 198.0 |   |
| Operating      leases      revenue                                                                     |   |                                    | 5.2    |   |                                   |   | 5.9 |   |   |   | 16.2 |   |   |   | 18.2 |   |
| Wholesale      notes      interest                                                                     |   |                                    | 3.7    |   |                                   |   | 6.8 |   |   |   | 12.5 |   |   |   | 24.4 |   |
| Retail      and wholesale accounts interest                                                                                                                                                                                                                                                                                                                                                                   |   |                                    | 4.8    |   |                                   |   | 9.9 |   |   |   | 20.2 |   |   |   | 26.2 |   |
| Securitization      income                                                                             |   |                                    | 2.7    |   |                                   |   | 19.3 |   |   |   | 20.0 |   |   |   | 62.0 |   |
| Other      revenues                                                                                    |   |                                    | 4.4    |   |                                   |   | 7.7 |   |   |   | 20.8 |   |   |   | 24.0 |   |
| Total      revenues                                                                                                                       |   |                                    | 74.1   |   |                                   |   | 116.1 |   |   |   | 261.7 |   |   |   | 352.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                    |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                    |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |
| Cost      of borrowing:                                                                                                                                                                                                                                                                                                                                                                                       |   |                                    |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense                                                                                                           |   |                                    | 38.3   |   |                                   |   | 60.4 |   |   |   | 147.4 |   |   |   | 178.3 |   |
| Other                                                                                                                           |   |                                    | 3.4    |   |                                   |   | 2.9 |   |   |   | 8.8 |   |   |   | 7.6 |   |
| Credit,      collections and administrative                                                                                                                                                                                                                                                                                                                                                                   |   |                                    | 13.4   |   |                                   |   | 13.5 |   |   |   | 43.6 |   |   |   | 38.1 |   |
| Provision      for credit      losses                                                                  |   |                                    | 13.3   |   |                                   |   | 3.6 |   |   |   | 23.9 |   |   |   | 8.3 |   |
| Depreciation      on operating      leases                                                             |   |                                    | 4.3    |   |                                   |   | 4.4 |   |   |   | 12.8 |   |   |   | 13.9 |   |
| Derivative      expense      (income)                                                                  |   |                                    | 1.1    |   |                                   |   | (1.9 | ) |   |   | 39.6 |   |   |   | (1.7 | ) |
| Other      expenses                                                                                    |   |                                    | 2.2    |   |                                   |   | 0.5 |   |   |   | 5.1 |   |   |   | 0.4 |   |
| Total      expenses                                                                                                                       |   |                                    | 76.0   |   |                                   |   | 83.4 |   |   |   | 281.2 |   |   |   | 244.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                    |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) before      taxes                                                                   |   |                                    | (1.9   | )      |                                   |   | 32.7 |   |   |   | (19.5 | ) |   |   | 107.9 |   |
| Income      tax (benefit)      expense                                                            |   |                                    | (0.5   | )      |                                   |   | 11.8 |   |   |   | (6.3 | ) |   |   | 39.0 |   |
| Net      income      (loss)                                                                            |   | $                                       | (1.4   | )      |                                   | $      | 20.9 |   |   | $ | (13.2 | ) |   | $ | 68.9 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                    |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |

----

INDEX

Shareowner’s

| Millions      of dollars                                                                                                                                                                                                                                                |   | CapitalStock |   |   | Paid-InCapital |   |   | RetainedEarnings |   |   | Accumulated      OtherComprehensive      Income (Loss) |   |   | Total  |   |   | ComprehensiveIncome      (Loss) |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|--------|--------|----------------|--------|--------|------------------|--------|--------|--------------------------------------------------------|--------|--------|--------|--------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                    |   |         |   |   |           |   |   |             |   |   |                                                   |   |   |   |   |   |                            |   |
| Balance      at October 31, 2006                                                                                                                                                                                                                                        |   | $            | 1.6    |   |           | $      | 139.6  |             |   | $      | 459.8                                                  |   |   | $      | (1.7   | )      |                            | $      | 599.3 |   |   |   |   |
| 2007      Activity:                                                                                                                                                                                                                                                     |   |         |   |   |           |   |   |             |   |   |                                                   |   |   |   |   |   |                            |   |   |   |   |   |   |
| Net      income                                                 |   |         | -      |   |           |   | -      |             |   |   | 68.9                                                   |   |   |   | -      |   |                            |   | 68.9 |   |   | $ | 68.9 |   |
| Pension      adjustment                                         |   |         | -      |   |           |   | -      |             |   |   | -                                                      |   |   |   | 0.1    |   |                            |   | 0.1 |   |   |   | 0.1 |   |
| Cash      dividend paid to parent company                                                                                                                                                                                                                               |   |         | -      |   |           |   | -      |             |   |   | (275.0                                                 | )      |   |   | -      |   |                            |   | (275.0 | ) |   |   |   |   |
| Balance      at July 31, 2007                                                                                                                                                                                                                                           |   | $            | 1.6    |   |           | $      | 139.6  |             |   | $      | 253.7                                                  |   |   | $      | (1.6   | )      |                            | $      | 393.3 |   |   | $ | 69.0 |   |
|                                                                                                                                                                                                                                                                    |   |         |   |   |           |   |   |             |   |   |                                                   |   |   |   |   |   |                            |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                    |   |         |   |   |           |   |   |             |   |   |                                                   |   |   |   |   |   |                            |   |   |   |   |   |   |   |
| Balance      at October 31, 2007                                                                                                                                                                                                                                        |   | $            | 1.6    |   |           | $      | 139.6  |             |   | $      | 127.1                                                  |   |   | $      | (0.2   | )      |                            | $      | 268.1 |   |   |   |   |   |
| 2008      Activity:                                                                                                                                                                                                                                                     |   |         |   |   |           |   |   |             |   |   |                                                   |   |   |   |   |   |                            |   |   |   |   |   |   |   |
| Net      loss                                                   |   |         | -      |   |           |   | -      |             |   |   | (13.2                                                  | )      |   |   | -      |   |                            |   | (13.2 | ) |   | $ | (13.2 | ) |
| Pension      adjustment, (net of tax $0.3)                                                                                                                                                                                                                              |   |         | -      |   |           |   | -      |             |   |   | -                                                      |   |   |   | 0.5    |   |                            |   | 0.5 |   |   |   | 0.5 |   |
| Impact      of adopting FIN 48                                                                                                                                                                                                                                          |   |         | -      |   |           |   | -      |             |   |   | (2.5                                                   | )      |   |   | -      |   |                            |   | (2.5 | ) |   |   |   |   |
| Capital      contribution from parent company                                                                                                                                                                                                                           |   |         | -      |   |           |   | 25.0   |             |   |   | -                                                      |   |   |   | -      |   |                            |   | 25.0 |   |   |   |   |   |
| Cash      dividend paid to parent company                                                                                                                                                                                                                               |   |         | -      |   |           |   | -      |             |   |   | (14.8                                                  | )      |   |   | -      |   |                            |   | (14.8 | ) |   |   |   |   |
| Balance      at July 31, 2008                                                                                                                                                                                                                                           |   | $            | 1.6    |   |           | $      | 164.6  |             |   | $      | 96.6                                                   |   |   | $      | 0.3    |   |                            | $      | 263.1 |   |   | $ | (12.7 | ) |

----

INDEX

Condition

|  Millions      of dollars                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | As      of July 31,2008 |       |   | As      of October 31, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|--------|-----------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | (Unaudited)             |       |   |                        |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                    |       |   |                        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |                        |   |
| Cash      and cash      equivalents                                                                                                     |   | $                       |  77.1 |   |                        | $      |  10.6 |   |
| Finance      receivables, net of unearned income:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    |       |   |                        |   |   |   |
| Finance      receivables                                                                                                                                                   |   |                    | 2,996.0    |   |                        |   | 3,544.5 |   |
| Finance      receivables from      affiliates                                                                                                                              |   |                    | 166.6      |   |                        |   | 212.1 |   |
| Allowance      for      losses                                                                                                                                             |   |                    | (26.4      | )      |                        |   | (23.9 | ) |
| Finance      receivables,      net                                                                                                      |   |                    | 3,136.2    |   |                        |   | 3,732.7 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |                        |   |   |   |
| Amounts      due from sales of      receivables                                                                                         |   |                    | 263.4      |   |                        |   | 319.1 |   |
| Net      accounts due from      affiliates                                                                                              |   |                    | 19.0       |   |                        |   | 60.1 |   |
| Net      investment in operating      leases                                                                                            |   |                    | 77.3       |   |                        |   | 78.3 |   |
| Vehicle      inventory                                                                                                                  |   |                    | 40.2       |   |                        |   | 23.2 |   |
| Restricted      cash and cash      equivalents                                                                                          |   |                    | 636.7      |   |                        |   | 370.5 |   |
| Unsecured      loans to      affiliates                                                                                                 |   |                    | -          |   |                        |   | 60.0 |   |
| Other      assets                                                                                                                       |   |                    | 109.4      |   |                        |   | 81.7 |   |
| Total      assets                                                                                                                                                               |   | $                       | 4,359.3    |   |                        | $      | 4,736.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |                        |   |   |   |
| LIABILITIES      AND SHAREOWNER’S EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                    |       |   |                        |   |   |   |
| Senior      and secured      borrowings                                                                                                 |   | $                       | 3,926.2    |   |                        | $      | 4,269.1 |   |
| Other      liabilities                                                                                                                  |   |                    | 170.0      |   |                        |   | 199.0 |   |
| Total      liabilities                                                                                                                                                          |   |                    | 4,096.2    |   |                        |   | 4,468.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |                        |   |   |   |
| Shareowner’s      equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    |       |   |                        |   |   |   |
| Capital      stock (par value $1, 2,000,000 shares authorized, 1,600,000 shares issued      and outstanding)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                    | 1.6        |   |                        |   | 1.6 |   |
| Paid-in      capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    | 164.6      |   |                        |   | 139.6 |   |
| Retained      earnings                                                                                                                  |   |                    | 96.6       |   |                        |   | 127.1 |   |
| Accumulated      other comprehensive income (loss), net of tax                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    | 0.3        |   |                        |   | (0.2 | ) |
| Total      shareowner’s      equity                                                                                               |   |                    | 263.1      |   |                        |   | 268.1 |   |
| Total      liabilities and shareowner’s      equity                                                                                                                       |   | $                       | 4,359.3    |   |                        | $      | 4,736.2 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |       |   |                        |   |   |   |

----

INDEX

Cash Flows

|  Millions      of dollars                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | For      the Nine Months EndedJuly      31 |     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2008                                       |     |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                       |     |   |   |   |
| Cash      flow from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                       |     |   |   |   |
| Net      income      (loss)                                                                                                                                               |   | $                                          | (13.2    | ) |   | $ | 68.9 |   |
| Adjustments      to reconcile net income to cash flow from operations:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                       |     |   |   |   |   |   |
| Net      loss on sales of finance      receivables                                                                                                                                                      |   |                                       | 11.4     |   |   |   | 6.4 |   |
| Net      loss on sale of      equipment                                                                                                                                                                 |   |                                       | 0.4      |   |   |   | 1.0 |   |
| Depreciation      and      amortization                                                                                                                                                                 |   |                                       | 18.7     |   |   |   | 18.8 |   |
| Provision      for credit      losses                                                                                                                                                                   |   |                                       | 23.9     |   |   |   | 8.3 |   |
| Net      change in amounts due from sales of receivables                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                       | 55.7     |   |   |   | 416.5 |   |
| Net      change in finance receivables - wholesale notes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                       | (49.4    | ) |   |   | 133.2 |   |
| Net      change in finance receivables from affiliates - wholesale                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                       | (3.3     | ) |   |   | 37.8 |   |
| Net      change in net accounts due from      affiliates                                                                                                                                                |   |                                       | 41.1     |   |   |   | (9.4 | ) |
| Net      change in other assets and      liabilities                                                                                                                                                    |   |                                       | (58.8    | ) |   |   | 0.5 |   |
| Net      cash provided by operating activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                       | 26.5     |   |   |   | 682.0 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                       |     |   |   |   |   |   |
| Cash      flow from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                       |     |   |   |   |   |   |
| Originations      of retail notes and finance leases, includes affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                       | (609.1   | ) |   |   | (923.6 | ) |
| Net      change in restricted cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                       | (266.2   | ) |   |   | 58.5 |   |
| Collections      on retail notes and finance lease receivables,net      of change in unearned finance income, includes affiliates                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                       | 1,030.0  |   |   |   | 971.1 |   |
| Net      change in finance receivables from affiliates - accounts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                       | 10.9     |   |   |   | (13.6 | ) |
| Net      change in finance receivables -      accounts                                                                                                                    |   |                                       | 103.2    |   |   |   | (65.0 | ) |
| Proceeds      from sale of vehicle      inventory                                                                                                                         |   |                                       | 61.5     |   |   |   | 20.2 |   |
| Purchase      of equipment leased to      others                                                                                                                          |   |                                       | (23.6    | ) |   |   | (15.3 | ) |
| Proceeds      from sale of      equipment                                                                                                                                 |   |                                       | 11.8     |   |   |   | 12.8 |   |
| Loans      to      affiliates                                                                                                                                             |   |                                       | (10.0    | ) |   |   | (50.0 | ) |
| Loan      repayment from      affiliates                                                                                                                                  |   |                                       | 70.0     |   |   |   | 50.0 |   |
| Net      cash provided by investing activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                       | 378.5    |   |   |   | 45.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                       |     |   |   |   |   |   |
| Cash      flow from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                       |     |   |   |   |   |   |
| Net      change in bank credit facility, net of issuance costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                       | 251.0    |   |   |   | (500.9 | ) |
| Proceeds      from issuance of senior debt, net of issuance costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                       | -        |   |   |   | 217.2 |   |
| Principal      payments on senior      debt                                                                                                                               |   |                                       | (219.7   | ) |   |   | (3.6 | ) |
| Proceeds      from issuance of secured borrowings, net of issuance costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                       | 1,049.9  |   |   |   | 884.0 |   |
| Payments      on secured      borrowings                                                                                                                                  |   |                                       | (1,429.9 | ) |   |   | (1,060.0 | ) |
| Dividends      paid to parent      company                                                                                                                                |   |                                       | (14.8    | ) |   |   | (275.0 | ) |
| Capital      contribution from parent      company                                                                                                                        |   |                                       | 25.0     |   |   |   | - |   |
| Net      cash used in financing      activities                                                                                                                                                                                            |   |                                       | (338.5   | ) |   |   | (738.3 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                       |     |   |   |   |   |   |
| Change      in cash and cash      equivalents                                                                                                    |   |                                       | 66.5     |   |   |   | (11.2 | ) |
| Cash      and cash equivalents, beginning of      period                                                                                         |   |                                       | 10.6     |   |   |   | 25.6 |   |
| Cash      and cash equivalents, end of      period                                                                                               |   | $                                          | 77.1     |   |   | $ | 14.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                       |     |   |   |   |   |   |
| Supplemental      cash flow information:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                       |     |   |   |   |   |   |
| Interest      paid                                                                                                                                                        |   | $                                          | 153.3    |   |   | $ | 177.5 |   |
| Income      taxes paid, net of      refunds                                                                                                                               |   |                                       | 56.3     |   |   |   | 40.5 |   |
| Transfers      of loans and leases to vehicle      inventory                                                                                                              |   |                                       | 78.9     |   |   |   | 31.1 |   |

----

INDEX

NOTES 

----

INDEX

----

INDEX

----

INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | July      31,2008 |   |   | October      31,2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|----------------------|--------|
| Finance      receivables from affiliates (Dealcor retail)                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                 | 139.7  |   |                 | $      | 177.7 |   |
| Finance      receivables from affiliates (Dealcor wholesale)                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              | 26.9   |   |                 |   | 34.4 |   |
| Net      accounts due from      affiliates                                                                           |   |              | 19.0   |   |                 |   | 60.1 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | July      31,2008 |    |   | October      31, 2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|-----------------------|--------|
| Retail      notes, net of unearned      income                                                                                                   |   | $                 | 2,549.0 |   |                  | $      | 3,012.3 |   |
| Finance      leases, net of unearned      income                                                                                                 |   |              | 125.8   |   |                  |   | 157.2 |   |
| Wholesale      notes held for      sale                                                                                                          |   |              | 155.0   |   |                  |   | 105.6 |   |
| Accounts      (includes retail and      wholesale)                                                                                               |   |              | 166.2   |   |                  |   | 269.4 |   |
| Finance      receivables from affiliates, net of unearned income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |              | 166.6   |   |                  |   | 212.1 |   |
| Total      finance      receivables                                                                                                              |   |              | 3,162.6 |   |                  |   | 3,756.6 |   |
| Allowance      for      losses                                                                                                                   |   |              | (26.4   | )      |                  |   | (23.9 | ) |
| Total      finance receivables,      net                                                                                                         |   | $                 | 3,136.2 |   |                  | $      | 3,732.7 |   |

----

INDEX

|                                                                                                                                                                                                                                                                                                                                              |   | Three      MonthsEndedJuly      31,2008 |   |   | Three      MonthsEndedJuly      31,2007 |   |   | Nine      MonthsEndedJuly      31,2008 |   |   | Nine      MonthsEndedJuly      31,2007 |   |   | Year      EndedOctober      31,2007 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|--------|-----------------------------------------|--------|--------|----------------------------------------|--------|--------|----------------------------------------|--------|--------|-------------------------------------|--------|
| Allowance      for losses, beginning of period                                                                                                                                                                                                                                                                                                    |   | $                                       | 23.2   |   |                                    | $      | 15.4   |                                   |   | $      | 23.9                                   |   |   | $                                   | 15.2   |   |   | $ | 15.3 |   |
| Provision      for credit      losses                                                   |   |                                    | 13.3   |   |                                    |   | 3.6    |                                   |   |   | 23.9                                   |   |   |                                | 8.3    |   |   |   | 19.6 |   |
| Charge-offs      charged to allowance                                                                                                                                                                                                                                                                                                             |   |                                    | (10.1  | )      |                                    |   | (3.2   | )                                      |   |   | (21.4                                  | )      |   |                                | (7.7   | ) |   |   | (11.0 | ) |
| Allowance      for losses, end of period                                                                                                                                                                                                                                                                                                          |   | $                                       | 26.4   |   |                                    | $      | 15.8   |                                   |   | $      | 26.4                                   |   |   | $                                   | 15.8   |   |   | $ | 23.9 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | July      31,2008 |   |   | October      31, 2007 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|-----------------------|--------|
| Impaired      receivables with specific loss      reserves                                                                                             |   | $                 | 31.5   |   |                  | $      | 28.3 |   |
| Impaired      receivables without specific loss      reserves                                                                                          |   |              | 4.0    |   |                  |   | 0.9 |   |
| Impaired      receivables guaranteed by Navistar,      Inc.                                                                                            |   |              | 8.2    |   |                  |   | 8.9 |   |
| Total      impaired      receivables                                                                                                                   |   | $                 | 43.7   |   |                  | $      | 38.1 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |              |   |   |                  |   |   |   |
| Specific      loss reserves on impaired      receivables                                                                                               |   | $                 | 1.7    |   |                  | $      | 3.1 |   |
| Average      balance of impaired finance      receivables                                                                                              |   |              | 39.8   |   |                  |   | 27.5 |   |
| Finance      receivables over 60 days      delinquent                                                                                                  |   |              | 36.8   |   |                  |   | 23.3 |   |

----

INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Nine      MonthsEndedJuly      31,2008 |   |   | Nine      MonthsEndedJuly      31,2007 |   |   | Year      Ended October 31, 2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|--------|--------|----------------------------------------|--------|--------|----------------------------------|--------|
| Vehicle      inventory, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                            |   | $                                      | 23.2   |   |                                   | $      | 5.2    |                             |   | $ | 5.2 |   |
| Net      additions                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   | 78.9   |   |                                   |   | 31.1   |                             |   |   | 49.6 |   |
| Net      book value of assets sold                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                   | (61.9  | )      |                                   |   | (21.2  | )                                |   |   | (31.6 | ) |
| Vehicle      inventory, end of      period                                                                   |   | $                                      | 40.2   |   |                                   | $      | 15.1   |                             |   | $ | 23.2 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | July      31,2008 |   |   | October      31,2007 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|----------------------|--------|
| Investment      in operating      leases                                                                                                                                              |   | $                 | 122.0  |   |                 | $      | 124.2 |   |
| Less:      Accumulated      depreciation                                                                                                                                              |   |              | (45.6  | )      |                 |   | (46.3 | ) |
|          Net      investment in equipment under operating leases                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |              | 76.4   |   |                 |   | 77.9 |   |
| Rent      receivable net of reserve for past due operating leases                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              | 0.9    |   |                 |   | 0.4 |   |
|               Net investment in operating      leases                                                                                         |   | $                 | 77.3   |   |                 | $      | 78.3 |   |

----

INDEX

|                                                                                                                                                      |   |              |    |   |                 |   |    | Weighted      AverageInterest      Rate |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|----------------------|--------|---------|-----------------------------------------|--------|
|                                                                                                                                                      |   | July      31,2008 |    |   | October      31,2007 |   |    | July      31,2008                       |   |   | October      31,2007 |   |
|  Bank      credit facility at variable rates due July 2010                                                                                           |   | $                 | 1,060.2 |   |                 | $      | 1,028.9 |                                    |   |   | 4.8 | % |   |   | 6.8 | % |
|  Revolving      retail warehouse facility at variable rates, due June 2010                                                                           |   |              | 500.0   |   |                 |   | 500.0   |                                    |   |   | 2.5 | % |   |   | 5.4 | % |
| Borrowings      secured by asset-backed securities at various      rates,   currently between 3.5% to 5.7%, due serially      through 2015 |   |              | 2,238.3 |   |                 |   | 2,607.7 |                                    |   |   | 5.0 | % |   |   | 4.8 | % |
| Borrowings      secured by operating and finance leases due serially through June 2011 at      rates, currently between 3.4% to 6.6%                      |   |              | 127.7   |   |                 |   | 132.5   |                                    |   |   | 4.9 | % |   |   | 5.2 | % |
| Total      senior and secured borrowings                                                                                                                  |   | $                 | 3,926.2 |   |                 | $      | 4,269.1 |                                    |   |   | 4.6 | % |   |   | 5.4 | % |

----

INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Three      Months endedJuly      31 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |  Pension Benefits              |   |   | Other Benefits |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2008                                |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
| Service      cost for benefits earned during the period                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                                   | 0.1    |   |   | $ | 0.1 |   |   | $ | - |   |   | $ | - |   |
| Interest      on      obligation                                                                                    |   |                                | 1.0    |   |   |   | 1.0 |   |   |   | 0.3 |   |   |   | 0.3 |   |
| Amortization      of cumulative      losses                                                                         |   |                                | 0.1    |   |   |   | 0.1 |   |   |   | - |   |   |   | - |   |
| Less      expected return on      assets                                                                            |   |                                | (1.5   | ) |   |   | (1.3 | ) |   |   | (0.2 | ) |   |   | (0.2 | ) |
|       Net      postretirement benefits (income) expense                                                                                                                                                                                                                                                                                                                                                                                                       |   | $                                   | (0.3   | ) |   | $ | (0.1 | ) |   | $ | 0.1 |   |   | $ | 0.1 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Nine      Months endedJuly      31 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |  Pension Benefits             |   |   | Other Benefits |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2008                               |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
| Service      cost for benefits earned during the period                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                                  | 0.3    |   |   | $ | 0.3 |   |   | $ | - |   |   | $ | - |   |
| Interest      on      obligation                                                                                    |   |                               | 3.0    |   |   |   | 2.9 |   |   |   | 0.9 |   |   |   | 1.0 |   |
| Amortization      of cumulative      losses                                                                         |   |                               | 0.7    |   |   |   | 0.3 |   |   |   | - |   |   |   | - |   |
| Less      expected return on      assets                                                                            |   |                               | (4.5   | ) |   |   | (3.9 | ) |   |   | (0.6 | ) |   |   | (0.6 | ) |
|       Net      postretirement benefits  (income) expense                                                                                                                                                                                                                                                                                                                                                                                            |   | $                                  | (0.5   | ) |   | $ | (0.4 | ) |   | $ | 0.3 |   |   | $ | 0.4 |   |

----

INDEX

|                                                  |  Maturity     |   | July      31,2008 |    |   | October      31,2007 |   |
|-------------------------------------------------------|--------------------|--------|-------------------|---------|--------|----------------------|--------|
| Investor      certificate                             | July      2008     |   | $                 | -       |   |                 | $      | 200.0 |   |
| Investor      certificate                             | February      2010 |   |              | 212.0   |   |                 |   | 212.0 |   |
| Variable      funding certificate (“VFC”) | November      2008 |   |              | 800.0   |   |                 |   | 800.0 |   |
|     Total                         |               |   | $                 | 1,012.0 |   |                 | $      | 1,212.0 |   |

----

INDEX

|                                            |  Maturity    |   | July      31,2008 |   |   | October      31,2007 |   |
|-------------------------------------------------|-------------------|--------|-------------------|--------|--------|----------------------|--------|
| Conduit      funding facility                   | October      2008 |   | $                 | 100.0  |   |                 | $      | 100.0 |   |
| Funding      utilized                           |              |   |              | (35.4  | )      |                 |   | (60.3 | ) |
|     Total      availability |              |   | $                 | 64.6   |   |                 | $      | 39.7 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | July      31,2008 |   |   | October      31,2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|----------------------|--------|
| Excess      seller’s      interest                                                                                                                                            |   | $                 | 248.2  |   |                 | $      | 296.1 |   |
| Interest      only      strip                                                                                                                                                       |   |              | 6.2    |   |                 |   | 11.3 |   |
| Restricted      cash      reserves                                                                                                                                                  |   |              | 9.0    |   |                 |   | 11.7 |   |
|      Total      amounts due from sales of      receivables                                                                                                 |   | $                 | 263.4  |   |                 | $      | 319.1 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                    | July      31,2008                                                                                                                                                                                                                  |   | October      31,2007                                                                                                                                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Discount      rate      (annual)                                                                   |                                   10.6  to 18.5 %                                 |   |                             10.3  to      18.8  %                  |
| Estimated      credit      losses                                                                  |                               0.0  to   0.18      % |   |                                    0.0  to  0.18  % |
| Payment      speed (percent of portfolio per month)                                                                                                                                                                                                                                                                                                                                                                                     |                                    10.3  to 83.0 %                           |   |                               9.9  to 69.2      %                       |

----

INDEX

|  July      31, 2008                                                                                                                                                                                                |   | Retail      Notes |    |   | Finance      Leases |   |   | Wholesale      Notes |   |   | Accounts |   |   | Affiliates |   |   | Total  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|---------------------|--------|--------|----------------------|--------|--------|----------|--------|--------|------------|--------|--------|--------|--------|
| Serviced      portfolio                                 |   | $                 | 2,549.0 |   |                | $      | 125.8  |                 |   | $      | 881.4    |   |   | $          | 291.5  |   |   | $      | 288.5 |   |   | $ | 4,136.2 |   |
| Less      sold receivables – off-balance      sheet                                                                                                                                                               |   |              | -       |   |                |   | -      |                 |   |   | (726.4   | )      |   |       | (125.3 | )      |   |   | (121.9 | ) |   |   | (973.6 | ) |
|     Total      on-balance sheet                                                                                                                                                                     |   | $                 | 2,549.0 |   |                | $      | 125.8  |                 |   | $      | 155.0    |   |   | $          | 166.2  |   |   | $      | 166.6 |   |   | $ | 3,162.6 |   |

|  October  31,      2007                                                                                                                                                                                  |   | Retail      Notes |    |   | Finance      Leases |   |   | Wholesale      Notes |   |   | Accounts |   |   | Affiliates |   |   | Total  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|---------------------|--------|--------|----------------------|--------|--------|----------|--------|--------|------------|--------|--------|--------|--------|
| Serviced      portfolio                                 |   | $                 | 3,012.3 |   |                | $      | 157.2  |                 |   | $      | 1,024.6  |   |   | $          | 424.2  |   |   | $      | 383.5 |   |   | $ | 5,001.8 |   |
| Less      sold receivables – off-balance      sheet                                                                                                                                                               |   |              | -       |   |                |   | -      |                 |   |   | (919.0   | )      |   |       | (154.8 | )      |   |   | (171.4 | ) |   |   | (1,245.2 | ) |
|      Total      on-balance sheet                                                                                                                                                               |   | $                 | 3,012.3 |   |                | $      | 157.2  |                 |   | $      | 105.6    |   |   | $          | 269.4  |   |   | $      | 212.1 |   |   | $ | 3,756.6 |   |

|                                                                                                                                                                                                                                                                                                     |   | Three      Months Ended July      31,2008 |   |   | Three      Months EndedJuly      31,2007 |   |   | Nine      Months EndedJuly      31,2008 |   |   | Nine      Months EndedJuly      31,2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|--------|--------|------------------------------------------|--------|--------|-----------------------------------------|--------|--------|-----------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                     |   |                                           |   |   |                                     |   |   |                                    |   |   |                                    |   |
| Fair      value      adjustments                                             |   | $                                              | 0.3    |   |                                     | $      | 5.0    |                                    |   | $      | 5.4                                     |   |   | $ | 10.6 |   |
| Excess      spread      income                                               |   |                                           | 3.6    |   |                                     |   | 10.5   |                                    |   |   | 14.5                                    |   |   |   | 41.1 |   |
| Servicing      fees      revenue                                             |   |                                           | 2.5    |   |                                     |   | 3.0    |                                    |   |   | 7.6                                     |   |   |   | 10.7 |   |
| Losses      on sales of receivables                                                                                                                                                                                                                                                                      |   |                                           | (4.7   | )      |                                     |   | (1.6   | )                                       |   |   | (11.4                                   | )      |   |   | (6.4 | ) |
| Investment      income                                                       |   |                                           | 1.0    |   |                                     |   | 2.4    |                                    |   |   | 3.9                                     |   |   |   | 6.0 |   |
| Securitization      income                                                                                                                                                                                                                                                                               |   | $                                              | 2.7    |   |                                     | $      | 19.3   |                                    |   | $      | 20.0                                    |   |   | $ | 62.0 |   |

----

INDEX

----

INDEX

Item 2. 

----

INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | Three      Months Ended July      31 |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2008                                      |   |   | 2007   |   |   | Change |   |   | %      Change |   |
| Revenues                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                                      |   |   |   |   |   |   |   |   |   |   |
| Financing      revenue                                                                                           |   | $                                         | 61.8   |   |   | $      | 83.2 |   |   | $ | (21.4 | ) |   |   | (25.7 | %) |
| Securitization      income                                                                                       |   |                                      | 2.7    |   |   |   | 19.3 |   |   |   | (16.6 | ) |   |   | (86.0 | %) |
| Operating      leases and other      revenue                                                                     |   |                                      | 9.6    |   |   |   | 13.6 |   |   |   | (4.0 | ) |   |   | (29.4 | %) |
| Total      revenues                                                                                              |   |                                      | 74.1   |   |   |   | 116.1 |   |   |   | (42.0 | ) |   |   | (36.2 | %) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost      of      borrowing                                                                                      |   |                                      | 41.7   |   |   |   | 63.3 |   |   |   | (21.6 | ) |   |   | (34.1 | %) |
| Credit,      collections and      administrative                                                                 |   |                                      | 13.4   |   |   |   | 13.5 |   |   |   | (0.1 | ) |   |   | (0.7 | %) |
| Provision      for credit      losses                                                                            |   |                                      | 13.3   |   |   |   | 3.6 |   |   |   | 9.7 |   |   |   | 269.4 | % |
| Depreciation      on operating      leases                                                                       |   |                                      | 4.3    |   |   |   | 4.4 |   |   |   | (0.1 | ) |   |   | (2.3 | %) |
| Derivative      expense      (income)                                                                            |   |                                      | 1.1    |   |   |   | (1.9 | ) |   |   | 3.0 |   |   |   | 157.9 | % |
| Other      expenses                                                                                              |   |                                      | 2.2    |   |   |   | 0.5 |   |   |   | 1.7 |   |   |   | 340.0 | % |
| Total      expenses                                                                                              |   |                                      | 76.0   |   |   |   | 83.4 |   |   |   | (7.4 | ) |   |   | (8.9 | %) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) before      taxes                                                                             |   |                                      | (1.9   | )      |   |   | 32.7 |   |   |   | (34.6 | ) |   |   | (105.8 | %) |
| Income      tax (benefit)      expense                                                                           |   |                                      | (0.5   | )      |   |   | 11.8 |   |   |   | (12.3 | ) |   |   | (104.2 | %) |
| Net      income      (loss)                                                                                      |   | $                                         | (1.4   | )      |   | $      | 20.9 |   |   | $ | (22.3 | ) |   |   | (106.7 | %) |

|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | Nine      Months Ended July      31 |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2008                                     |   |   | 2007   |   |   | Change |   |   | %      Change |   |
| Revenues                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                                     |   |   |   |   |   |   |   |   |   |   |
| Financing      revenue                                                                                           |   | $                                        | 204.7  |   |   | $      | 248.6 |   |   | $ | (43.9 | ) |   |   | (17.7 | %) |
| Securitization      income                                                                                       |   |                                     | 20.0   |   |   |   | 62.0 |   |   |   | (42.0 | ) |   |   | (67.7 | %) |
| Operating      leases and other      revenue                                                                     |   |                                     | 37.0   |   |   |   | 42.2 |   |   |   | (5.2 | ) |   |   | (12.3 | %) |
| Total      revenues                                                                                              |   |                                     | 261.7  |   |   |   | 352.8 |   |   |   | (91.1 | ) |   |   | (25.8 | %) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost      of      borrowing                                                                                      |   |                                     | 156.2  |   |   |   | 185.9 |   |   |   | (29.7 | ) |   |   | (16.0 | %) |
| Credit,      collections and      administrative                                                                 |   |                                     | 43.6   |   |   |   | 38.1 |   |   |   | 5.5 |   |   |   | 14.4 | % |
| Provision      for credit      losses                                                                            |   |                                     | 23.9   |   |   |   | 8.3 |   |   |   | 15.6 |   |   |   | 188.0 | % |
| Depreciation      on operating      leases                                                                       |   |                                     | 12.8   |   |   |   | 13.9 |   |   |   | (1.1 | ) |   |   | (7.9 | %) |
| Derivative      expense      (income)                                                                            |   |                                     | 39.6   |   |   |   | (1.7 | ) |   |   | 41.3 |   |   |   | 2,429.4 | % |
| Other      expenses                                                                                              |   |                                     | 5.1    |   |   |   | 0.4 |   |   |   | 4.7 |   |   |   | 1,175.0 | % |
| Total      expenses                                                                                              |   |                                     | 281.2  |   |   |   | 244.9 |   |   |   | 36.3 |   |   |   | 14.8 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) before      taxes                                                                             |   |                                     | (19.5  | )      |   |   | 107.9 |   |   |   | (127.4 | ) |   |   | (118.1 | %) |
| Income      tax (benefit)      expense                                                                           |   |                                     | (6.3   | )      |   |   | 39.0 |   |   |   | (45.3 | ) |   |   | (116.2 | %) |
| Net      income      (loss)                                                                                      |   | $                                        | (13.2  | )      |   | $      | 68.9 |   |   | $ | (82.1 | ) |   |   | (119.2 | %) |

----

INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | Three      Months Ended July      31 |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2008                                      |   |   | 2007   |   |   | Change |   |   | %      Change |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                      |   |   |   |   |   |   |   |   |   |   |
| Retail      notes and finance      leases                                                                 |   | $                                         | 53.3   |   |   | $      | 66.5 |   |   | $ | (13.2 | ) |   |   | (19.8 | %) |
| Wholesale      notes                                                                                      |   |                                      | 3.7    |   |   |   | 6.8 |   |   |   | (3.1 | ) |   |   | (45.6 | %) |
| Retail      and wholesale      accounts                                                                   |   |                                      | 4.8    |   |   |   | 9.9 |   |   |   | (5.1 | ) |   |   | (51.5 | %) |
| Total      financing      revenue                                                                         |   | $                                         | 61.8   |   |   | $      | 83.2 |   |   | $ | (21.4 | ) |   |   | (25.7 | %) |

|                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | Nine      Months Ended July      31 |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2008                                     |   |   | 2007   |   |   | Change |   |   | %      Change |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                     |   |   |   |   |   |   |   |   |   |   |
| Retail      notes and finance      leases                                                                 |   | $                                        | 172.0  |   |   | $      | 198.0 |   |   | $ | (26.0 | ) |   |   | (13.1 | %) |
| Wholesale      notes                                                                                      |   |                                     | 12.5   |   |   |   | 24.4 |   |   |   | (11.9 | ) |   |   | (48.8 | %) |
| Retail      and wholesale      accounts                                                                   |   |                                     | 20.2   |   |   |   | 26.2 |   |   |   | (6.0 | ) |   |   | (22.9 | %) |
| Total      financing      revenue                                                                         |   | $                                        | 204.7  |   |   | $      | 248.6 |   |   | $ | (43.9 | ) |   |   | (17.7 | %) |

----

INDEX

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INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | As      of        |   |   |                 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|----------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | July      31,2008 |   |   | October      31,2007 |   |   | Change |   |
| Delinquencies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |              |   |   |                 |   |   |   |   |
| Retail      notes & finance leases greater than 60 days.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |              | 1.0    | %      |                 |   | 0.6 | % |   |   | 0.4 | % |
|         Wholesale notes greater than 60      days                                                                                              |   |              | 0.4    | %      |                 |   | 0.3 | % |   |   | 0.1 | % |
|         Wholesale accounts greater than 60      days                                                                                           |   |              | 5.7    | %      |                 |   | 5.8 | % |   |   | (0.1 | %) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |   |   |                 |   |   |   |   |   |   |   |
| Allowance      to finance receivable coverage      ratio                                                                                  |   |              | 0.9    | %      |                 |   | 0.7 | % |   |   | 0.2 | % |

| Millions      of dollars                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | Period      EndedJuly      31 |   |   |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 2008                          |   |   | 2007   |   |   | Change |   |
| Charge-offs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                          |   |   |   |   |   |   |   |   |   |   |
| Retail      notes & finance leases charge-offs – Quarter to Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $                             | 7.8    |   |   | $      | 2.2 |   |   | $ | 5.6 |   |
| Retail      notes & finance leases charge-offs – Year to Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                          | 19.1   |   |   |   | 6.7 |   |   |   | 12.4 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                          |   |   |   |   |   |   |   |   |   |   |
|         Wholesale notes charge-offs – Quarter to      Date                                                                                     |   | $                             | 1.8    |   |   | $      | 1.0 |   |   | $ | 0.8 |   |
|         Wholesale notes charge-offs – Year to      Date                                                                                        |   |                          | 1.8    |   |   |   | 1.0 |   |   |   | 0.8 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                          |   |   |   |   |   |   |   |   |   |   |
| Wholesale      accounts charge-offs – Quarter to Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $                             | 0.5    |   |   | $      | 0.0 |   |   | $ | 0.5 |   |
|          Wholesale accounts charge-offs – Year to      Date                                                                               |   |                          | 0.5    |   |   |   | 0.0 |   |   |   | 0.5 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                          |   |   |   |   |   |   |   |   |   |   |
| Retail      notes & finance leases charge-offs to liquidations - Quarter to      Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                          | 0.5    | %      |   |   | 0.3 | % |   |   | 0.2 | % |
| Retail      notes & finance leases charge-offs to liquidations - Year to      Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                          | 1.0    | %      |   |   | 0.5 | % |   |   | 0.5 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                          |   |   |   |   |   |   |   |   |   |   |
|          Wholesale notes charge-offs to liquidations - Quarter to    Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                          | 0.2    | %      |   |   | 0.1 | % |   |   | 0.1 | % |
| Wholesale      notes charge-offs to liquidations - Year to Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                          | 0.1    | %      |   |   | 0.0 | % |   |   | 0.1 | % |

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INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | As      of        |    |   |                 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|----------------------|--------|
| Millions      of dollars                                                                                                                                                                                                                                                                                                                                                                                                                       |   | July      31,2008 |    |   | October      31,2007 |   |   | Change |   |   | % Change |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |    |   |                 |   |   |   |   |   |   |   |
| Cash      and cash      equivalents                                                                            |   | $                 | 77.1    |   |                 | $      | 10.6 |   |   | $ | 66.5 |   |   |   | 627.4 | % |
| Finance      receivables,      net                                                                             |   |              | 3,136.2 |   |                 |   | 3,732.7 |   |   |   | (596.5 | ) |   |   | (16.0 | %) |
| Amounts      due from sales of receivables                                                                                                                                                                                                                                                                                                                                                                                                     |   |              | 263.4   |   |                 |   | 319.1 |   |   |   | (55.7 | ) |   |   | (17.5 | %) |
| Net      accounts due from      affiliates                                                                     |   |              | 19.0    |   |                 |   | 60.1 |   |   |   | (41.1 | ) |   |   | (68.4 | %) |
| Net      investment in operating      leases                                                                   |   |              | 77.3    |   |                 |   | 78.3 |   |   |   | (1.0 | ) |   |   | (1.3 | %) |
| Vehicle      inventory                                                                                         |   |              | 40.2    |   |                 |   | 23.2 |   |   |   | 17.0 |   |   |   | 73.3 | % |
| Restricted      cash and cash      equivalents                                                                 |   |              | 636.7   |   |                 |   | 370.5 |   |   |   | 266.2 |   |   |   | 71.8 | % |
| Unsecured      loans to      affiliates                                                                        |   |              | 0.0     |   |                 |   | 60.0 |   |   |   | (60.0 | ) |   |   | (100.0 | %) |
| Other      assets                                                                                              |   |              | 109.4   |   |                 |   | 81.7 |   |   |   | 27.7 |   |   |   | 33.9 | % |
| Total      assets                                                                                              |   | $                 | 4,359.3 |   |                 | $      | 4,736.2 |   |   | $ | (376.9 | ) |   |   | (8.0 | %) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Senior      and secured      borrowings                                                                        |   | $                 | 3,926.2 |   |                 | $      | 4,269.1 |   |   | $ | (342.9 | ) |   |   | (8.0 | %) |
| Other      liabilities                                                                                         |   |              | 170.0   |   |                 |   | 199.0 |   |   |   | (29.0 | ) |   |   | (14.6 | %) |
| Total      liabilities                                                                                         |   |              | 4,096.2 |   |                 |   | 4,468.1 |   |   |   | (371.9 | ) |   |   | (8.3 | %) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Total      shareowner’s      equity                                                                      |   |              | 263.1   |   |                 |   | 268.1 |   |   |   | (5.0 | ) |   |   | (1.9 | %) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Total      liabilities and shareowner’s equity                                                                                                                                                                                                                                                                                                                                                                                           |   | $                 | 4,359.3 |   |                 | $      | 4,736.2 |   |   | $ | (376.9 | ) |   |   | (8.0 | %) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |

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INDEX

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INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | July      31,2008 |   |   | October      31,2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|----------------------|--------|
| Revolver      bank      loan                                                                                                  |   | $                 | 800.0  |   |                 | $      | 800.0 |   |
| NFC      revolving loan      utilized                                                                                         |   |              | (455.0 | )      |                 |   | (419.0 | ) |
| Mexican      sub-revolver loan      utilized                                                                                  |   |              | (30.0  | )      |                 |   | (100.0 | ) |
| Total      availability                                                                                                                                |   | $                 | 315.0  |   |                 | $      | 281.0 |   |

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INDEX

|                                                                                                                                                                                                                                                                                                                                                                                                 |  Fitch |   | Standardand      Poor’s |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|--------|-------------------------------|
| Senior      unsecured debt                                                                                                                                                                                                                                                                                                                                                                           | BB-         |   | BB-                           |
|                                                                                                                                                                                                                                                                                                                                                                                                 |        |   |                          |
| Outlook      as of February 2008                                                                                                                                                                                                                                                                                                                                                                     | Negative    |   | Negative                      |
|                                                                                                                                                                                                                                                                                                                                                                                                 |        |   |                          |
| In      July 2006, Moody’s withdrew its credit rating for both NIC and      NFC.  In January 2006, Standard and Poor’s changed its outlook      to Negative from Stable. During February and May 2008, Standard and Poor’s      and Fitch, respectively, removed both NIC and NFC from the credit watch      with negative implications while outlook remains  Negative. |

Item 3.

Item 4.

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INDEX

| ·   | Our      leadership team remains committed to achieving and maintaining a strong      control environment, high ethical standards and financial reporting      integrity. This commitment continues to be communicated to and reinforced      with our employees. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      continue to foster awareness and understanding of standards and principles      for accounting and financial reporting. This includes the implementation      and clarification of specific accounting policies and procedures and      effective execution of our newly designed accounting development      program. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      continue to enhance the development, communication, and monitoring of      processes and controls to ensure that appropriate journal entry controls      are performed, documented, and reviewed as part of our standardized      procedures. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      continue to invest in modifications of our information systems to improve      the reliability of our financial reporting and increase the completeness      and consistency of the controls around logical access program change and      computer operations. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      plan to redesign our period end closing and financial statement      preparation process in order to improve both its effectiveness and      efficiency. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      continue to support our internal Management Representation Letter process      to ensure the timely assessment of accounting and disclosure matters      requiring our attention and to support our notification of matters to      NIC. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Control Environment.      Our remediation actions included: |
|--------------------|-------------------------------------------------------------|

| --­   |  Executive      and senior management at Navistar, Inc. have increased their      communications about the importance of internal controls, ethics and      acting with integrity across theCompany. |
|----------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -­-   | Executive      and senior management at Navistar, Inc. are directly sponsoring the      remediation of the company’s material weaknesses through regular      discussions with action owners about the short and long-term remediation      plans and the progress to sustain solid internal control over financial      reporting. |
|----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| --­   | Navistar,      Inc. restructured and realigned their accounting and finance      organization. |
|----------------------|------------------------------------------------------------------------------------------------|

|  --        | Navistar,      Inc. significantly invested in their accounting and finance resources to      strengthen their expertise, including hiring new leadership and      experienced employees as well as implementing a formal accounting training      program. |
|----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ­   | Navistar,      Inc. established and filled the role of Chief Ethics Officer to focus on      implementing best practices for communications and activities related to      ethics company-wide. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Internal Audit.  Our      remediation action included: |
|--------------------|------------------------------------------------------------------|

| --­   | Under      the direction of the Audit Committee of its Board of Directors, Navistar,      Inc. fully outsourced the internal audit function to improve the      function’s effectiveness.  An independent public accounting firm      is |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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INDEX

| ­   | responsible      for the internal audit risk assessment and planning process, performing      monitoring of our key business risks under the direction of NIC’s Audit      Committee and utilizing resources with the appropriate skill sets and      expertise. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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INDEX

PART II

Item6.  

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INDEX

SIGNATURE

|                         | Navistar      Financial Corporation                                                                                                                    |
|------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |                                                                                                                                                   | (Registrant) |
|                         |                                                                                                                                                   |   |
| Date:      September 3, 2008 |                            By:  /s/ | DAVID L.      DERFELT |
|                         |                                                                                                                                                   | David      L. Derfelt |
|                         |                                                                                                                                                   | V.P.,      and Controller |
|                         |                                                                                                                                                   | (Principal      Accounting  Officer) |

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INDEX

Exhibit index

| 3        | Articles      of Incorporation and By-Laws (incorporated by reference): 3.1             Restated Certificate of Incorporation of Navistar Financial      Corporation (as amended and in effect on December 15,      1987).  Filed on Form 8-K dated December 17,      1987.  Commission      File  No.  001-04146. 3.2        The      By-Laws of Navistar Financial Corporation (as amended February 29,      1988).  Filed on Form 10-K dated January 19,      1989.  Commission File No.  001-04146. 3.3        Amendment      to the By-Laws of Navistar Financial Corporation.  Filed as      Exhibit 3.1 on Form 10-K dated December 18, 2003.  Commission      File No.  001-04146.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10                                | Material      Contracts (incorporated by reference) : 10.1            Note Purchase Agreement dated as of July 28, 2008, among the Seller,      Navistar Financial Corporation, individually and as servicer, Credit      Suisse, New York Branch, as agent for the investors, Alpine Securitization      Corp., as the conduit investor, and Credit Suisse, Cayman Islands Branch,      as the committed investor.  Filed as Exhibit 10.1 to the      Corporation’s Form 8-K on July 31, 2008.   Commission File      No. 001-04146.10.2            Pooling      Agreement dated as of July 28, 2008, between Navistar Financial      Retail Receivables Corporation, as seller, and Navistar Financial 2008-B      Owner Trust, as issuer.  Filed as Exhibit 10.2 to the      Corporation’s Form 8-K on July 31, 2008.   Commission File      No. 001-04146. 10.3             Indenture, dated as of July 28, 2008, between Navistar Financial      2008-B Owner Trust, as issuer, and The Bank of New York Mellon, as      indenture trustee.  Filed as Exhibit 10.3 to the Corporation’s      Form 8-K on July 31, 2008.   Commission File No.      001-04146.10.4            Trust Agreement, dated as of July 28, 2008, between Navistar      Financial Retail Receivables Corporation, as seller, and Deutsche Bank      Trust Company Delaware, as owner trustee.   Filed      as Exhibit 10.4 to the Corporation’s Form 8-K on July 31,      2008.   Commission File No. 001-04146.10.5            Purchase Agreement, dated as of July 28, 2008, between Navistar      Financial Retail Receivables Corporation and Navistar Financial      Corporation.  Filed as Exhibit 10.5 to the Corporation’s      Form 8-K on July 31, 2008.   Commission File No.      001-04146.10.6           Servicing Agreement, dated July 28, 2008, among Navistar Financial      Retail Receivables Corporation, The Bank of New York Mellon, as indenture      trustee, Navistar Financial 2008-B Owner Trust, as issuer, and Navistar      Financial Corporation, as servicer.  Filed as Exhibit 10.6 to      the Corporation’s Form 8-K on July 31, 2008.   Commission      File No. 001-04146.    |
| 31                                          | Rule      13a-14(a) and 15d-14(a) Certifications: 31.1 Certification      of Principal Executive Officer 31.2 Certification      of Principal Financial  Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 32                                          | Section      1350 Certification: CEO and CFO Certification Pursuant to of Chapter 1350      of Chapter 63 of Title 18 of the United States Code                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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INDEX