Exhibit 4.2A


THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF
THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A
DEPOSITORY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR
IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT
AS A WHOLE BY THE DEPOSITORY TRUST COMPANY (“THE DEPOSITORY”) TO A NOMINEE OF
THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.  UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE
& CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.


	
  No. L

  	
   

  	
  PACCAR
  Financial Corp.

  	
   

  	
  Principal Amount

  
	
   

  	
   

  	
  Medium-Term
  Note, Series L

  	
   

  	
   

  
	
   

  	
   

  	
  (Fixed
  Rate)

  	
   

  	
  $

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CUSIP:

  	
  ORIGINAL ISSUE DATE:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  INTEREST RATE:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MATURITY DATE:

  	
   

  	
  INITIAL REDEMPTION DATE:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HOLDER’S OPTIONAL REPAYMENT DATE(S):

  	
   

  	
  INITIAL REDEMPTION PERCENTAGE:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  o
  CHECK IF DISCOUNT NOTE Issue Price     %

  	
   

  	
  ANNUAL REDEMPTION PERCENTAGE REDUCTION:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  OTHER PROVISIONS:

  	
   

  	
  INTEREST PAYMENT DATES:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  REGULAR RECORD DATE:

  	
   

  	
  DENOMINATIONS:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ADDENDUM ATTACHED:

  	
   

  	
   

  	
   

  	
   

  
								



 


If an Initial Redemption
Date is specified above, (i) the Redemption Price will initially be the Initial
Redemption Percentage specified above and shall decline at each anniversary of
the Initial Redemption Date shown above by the Annual Redemption Percentage
Reduction specified above until the Redemption Price is 100% of such principal
amount, and (ii) this Note may be redeemed either in whole or from time to time
in part except if the following box is marked, this Note may be redeemed in
whole only [   ].  If no Initial Redemption Date is specified
above, this Note may not be redeemed prior to Maturity.










 



PACCAR Financial Corp.,
a Washington corporation (herein called the “Company,” which term includes any
successor corporation under the Indenture referred to herein), for value
received, hereby promises to pay to CEDE & CO. or registered assigns, the
principal sum of                                                                                                       
DOLLARS on the Maturity Date shown
above, and to pay interest thereon at the rate per annum shown above (computed
on the basis of a 360-day year of twelve 30-day months) until the principal
hereof is paid or made available for payment. 
The Company will pay interest semi-annually on March 15 and
September 15, commencing with the March 15 or September 15
immediately following the Original Issue Date shown above, and at Maturity or
any redemption or optional repayment date (the date of each such Maturity or
any redemption date and optional repayment date and the date of principal or an
installment of principal is due and payable by declaration of acceleration
pursuant to the Indenture being referred to hereinafter as a “Maturity” with
respect to principal payable on such date); provided, however, that if the
Original Issue Date shown above is after March 1 and on or before the
immediately following March 15 or after September 1 and on or before the
immediately following September 15, interest payments will commence on the
next succeeding September 15 or March 15, as the case may be.  Interest on this Note will accrue from and
including the most recent date to which interest has been paid or duly provided
for or, if no interest has been paid or duly provided for, from the Original
Issue Date shown above to but excluding such date to which interest has been
paid or duly provided for.  If any
Interest Payment Date or the Maturity would fall on a day that is not a
Business Day, the payment of principal or interest shall be postponed to the
next day that is a Business Day, and no interest on such payment shall accrue
from and after such Interest Payment Date or Maturity.  The interest so payable, and punctually paid
or duly provided for, on any Interest Payment Date will, as provided in the
Indenture, be paid to the Person in whose name this Note (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, which shall be the March 1 or the
September 1 (whether or not a Business Day), as the case may be, next
preceding such Interest Payment Date, and interest payable at Maturity shall be
payable to the Person to whom the principal hereof is payable.  Any such interest not so punctually paid or
duly provided for shall forthwith cease to be payable to the Holder on such
Regular Record Date and may either be paid to the Person in whose name this
Note (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to
be fixed by the Trustee, notice whereof shall be given to the Holder of this
Note not less than 10 days prior to such Special Record Date, or be paid at any
time in any other lawful manner not inconsistent with the requirements of any
securities exchange upon which the Securities of the series shown above may be
listed, and upon such notice as may be required by such exchange, all as more
fully provided in the Indenture.  Payment
of principal and interest payable at Maturity of this Note will be made at the
office or agency of the Company maintained for that purpose in the Borough of
Manhattan, The City of New York, in such coin or currency of the United States
of America as at the time of payment is legal tender for payment of public and
private debts, and will be made in immediately available funds if this Note is
pre­sented in time for payment to be made in such funds in accordance with
normal procedures of Citibank, N.A., as paying agent (the “Paying Agent”, which
term includes any successor paying agent under the Indenture).  Unless otherwise agreed between the Holder
and the Company, payment of interest other than at Maturity will be made by
check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register.


“Business Day”
means any day, other than a Saturday, or Sunday that is neither a legal nor a
day on which commercial banks are authorized or required by law, regulation or
executive order to close in The City of New York; provided, however, that, with
respect to non-United States dollar-denominated notes, the day is also not a
day on which commercial banks are authorized or required by law, regulation or
executive order to close in the Principal Financial Center, as defined below,
of the country issuing the Specified Currency or, if the Specified Currency is
Euro, the day is also a day on which the Trans-European Automated Real-Time 



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Gross Settlement Express
Transfer (TARGET) System is open; provided, further, that, with respect to
notes as to which LIBOR is an applicable Interest Rate Basis, the day is also a
London Banking Day.  “London Banking Day”
means a day on which commercial banks are open for business, including dealings
in the LIBOR Currency, as defined below, in London.


Reference is
hereby made to the further provisions of this Note set forth on the reverse
hereof, which further provisions will for all purposes have the same effect as
if set forth at this place.


Unless the
certificate of authentication hereon has been manually executed by or on behalf
of the Trustee under the Indenture, this Note will not be entitled to any
benefits under the Indenture or be valid or obligatory for any purpose.


IN WITNESS WHEREOF, the
Company has caused this Note to be duly executed, manually or in facsimile, and
an imprint or facsimile of its corporate seal to be imprinted hereon.


	
  Dated:

  	
   

  	
  PACCAR Financial Corp.

  
	
   

  	
   

  	
   

  
	
  CERTIFICATE OF AUTHENTICATION

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
  This is one of the Securities of the series
  designated herein issued under the within-mentioned Indenture.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  [FACSIMILE OF SEAL]

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ATTEST:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  	
   

  
	
  CERTIFICATE OF AUTHENTICATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  This is one of the Securities of the series

  designated therein referred to in the

  within-mentioned Indenture.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Wilmington Trust Company, as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  	
   

  	
   

  
								



 


References herein to “the
Note,” “hereof,” “herein” and comparable terms shall include an Addendum hereto
if an Addendum is specified under “Other Provisions” above.



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Any provision contained
herein with respect to the calculation of the rate of interest applicable to
this Note, its payment dates or any other matter relating hereto may be
modified as specified in an Addendum relating hereto if so specified above.


This Note is one of a
duly authorized issue of Securities of the Company, issued and to be issued in
one or more series under an indenture dated as of December 1, 1983, as amended
by a first supplemental indenture dated as of June 19, 1989 (herein
collectively called the “Indenture”), between the Company and Wilmington Trust
Company, as trustee (herein called the “Trustee,” which term includes any
successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company,
the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered.  This Note is one of the series of the
Securities designated as the Medium-Term Notes of the series designated above
(herein called the “Notes”).  The Notes
may bear different dates and mature at different times, may bear interest at
different rates and may otherwise vary, all as provided in the Indenture.


This Note may be subject
to repayment at the option of the Holder prior to the Maturity Date specified
above on the Holder’s Optional Repayment Date(s), if any, specified above.  If no Holder’s Optional Repayment Dates are
specified above, this Note may not be so repaid at the option of the Holder
hereof prior to the Maturity Date.  On
any Holder’s Optional Repayment Date, this Note shall be repayable in whole or
in part in an amount equal to $1,000 or integral multiples thereof (provided
that any remaining principal amount shall be an authorized denomination) at the
option of the Holder hereof at a repayment price equal to 100% of the principal
amount to be repaid (or, if this Note is an OID Note, as defined below, such
lesser amount as is provided below), together with interest thereon payable to
the date of repayment.  For this Note to
be repaid in whole or in part at the option of the Holder hereof, this Note
must be received, with the form entitled “Option to Elect Repayment” set forth
below (and also available at the office of the Trustee) duly completed, by the
Trustee at its office at 1100 North Market Street, Wilmington, DE  19890-1615; 
Attn: Steve Cimalore, Corporate Trust, or such address which the Company
shall from time to time notify the Holders of the Notes, not more than 60 or
less than 30 days prior to a Holder’s Optional Repayment Date.  This note must be received by the Trustee by
5:00 p.m., New York City time, on the last day for giving such notice.  Exercise of such repayment option by the
Holder hereof shall be irrevocable.  In
the event of payment of this Note in part only, a new Note for the unpaid
portion hereof shall be issued in the name of the Holder hereof upon the
surrender hereof.


If an Event of Default
(as defined in the Indenture) with respect to the Notes shall occur and be
continuing, the principal of all the Notes may be declared due and payable in
the manner and with the effect provided in the Indenture.


If the Discount Note box
is checked above, the amount payable to the Holder of this Note in the event of
redemption, repayment or acceleration of maturity will be equal to the sum of
(i) the Issue Price specified above (increased by any accruals of Discount, as
defined below, and reduced by any amounts of principal previously paid) and, in
the event of any redemption of this Note (if applicable), multiplied by the Initial
Redemption Percentage Reduction, specified above (as adjusted by the Annual
Redemption Percentage Reduction specified above) and (ii) any unpaid interest
accrued hereon to the date of such redemption, repayment or acceleration of
maturity, as the case may be.  The
difference between the Issue Price specified above and the Principal Amount of
this Note is referred to herein as the “Discount”.



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For purposes of
determining the amount of Discount that has accrued as of any date on which a
redemption, repayment or acceleration of maturity occurs for this Note, such
Discount will be accrued using a constant yield method.  The constant yield will be calculated using a
30-day month, 360-day year convention, a compounding period that, except for
the Initial Period (as defined below), corresponds to the shortest period
between Interest Payment Dates specified above (with ratable accruals within a
compounding period), an interest rate equal to the Initial Interest Rate
specified above and an assumption that the maturity of this Note will not be
accelerated.  If the period from the
Original Issue Date specified above to the initial Interest Payment Date (the “Initial
Period”) is shorter than the compounding period for this Note, a proportionate
amount of the yield for an entire compounding period will be accrued.  If the Initial Period is longer than the
compounding period, then such period will be divided into a regular compounding
period and a short period with the short period being treated as provided in
the preceding sentence.


The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the
modification of the rights and obligations of the Company and the rights of the
Holders of the Securities of each series under the Indenture to be affected at
any time by the Company with the consent of the Holders of a majority in
principal amount of the Securities at the time Outstanding of each series to be
affected.  The Indenture also contains
provisions permitting the Holders of a majority in principal amount of the
Securities of each series at the time Outstanding, on behalf of the Holders of
all Securities of such L series, to waive compliance by the Company with
certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences.  Any such consent
or waiver by the Holder of this Note shall be conclusive and binding upon such
Holder and upon all future Holders of this Note and of any Note issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Note.


As provided in the
Indenture, the Company shall be discharged from its obligations under the Notes
if at any time (a) the Company has irrevocably deposited with the Trustee, in
trust, (i) sufficient funds to pay the principal of, and premium, if any, and
interest to the Maturity Date (“Stated Maturity” in the Indenture) on, the
Notes, or (ii) to the extent the Notes are payable in U.S. dollars only, such
amount of direct obligations of, or obligations the principal and interest on
which are fully guaranteed by, the United States of America as will, together
with the predetermined and certain income to accrue thereon without
consideration of any reinvestment thereof, be sufficient to pay when due the
principal of, and premium, if any, and
interest to the Maturity Date on, the Notes, and which are not subject to
prepayment, redemption or call, (b) the Company has paid all other sums payable
with respect to the Notes and (c) unless the Notes are to become due and
payable at their Maturity Date within one year, the Trustee has received an
opinion of recognized tax counsel to the effect that such deposit and discharge
will not result in recognition by the Holders of the Notes of income, gain or
loss for federal income tax purposes (other than income, gain or loss which
would have been recognized in like amount and at a like time absent such
deposit and discharge).  Upon such
discharge, the Holders of the Notes shall no longer be entitled to the benefits
of the Indenture, except for the purposes of registration of transfer and
exchange of Notes, and shall look only to such deposited funds or obligations
for payment.


No reference herein to
the Indenture and no provision of this Note or of the Indenture shall alter or
impair the obligation of the Company which is absolute and unconditional to pay
the principal of and interest on this Note at the times, place and rate, and in
the coin or currency herein and in the Indenture prescribed; subject, however,
to the provisions for the discharge of the Company from its obligations under
the Notes upon satisfaction of the conditions set forth in the preceding
paragraph and in the Indenture.



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This Note may be redeemed
at the option of the Company on any date on or after the Initial Redemption
Date, if any, specified above, and prior to the Maturity Date specified above,
in whole or from time to time in part in increments of $1,000 or integral
multiples thereof (provided that any remaining principal amount shall be an
authorized denomination) upon mailing a notice of such redemption not more than
60 days nor less than 30 days prior to the date fixed for redemption to the
Holder of this Note at such Holder’s address appearing in the Security
Register, all as provided in the Indenture, at the Redemption Price, if any,
specified above (expressed as a percentage of the principal amount) together in
each case with accrued interest to the date fixed for redemption, provided,
however, that the first two paragraphs of Section 1103 of the Indenture shall
not apply to this Note, and if less than all of the Notes are to be redeemed,
the Company may select, from Notes that are subject to redemption pursuant to
the terms thereof, the Note or Notes, or portion or portions thereof, to be
redeemed.  In the event of redemption of
this Note in party only, a new Note for the unredeemed portion hereof shall be
issued in the name of the Holder hereof upon the surrender hereof.


As provided in the
Indenture and subject to certain limitations therein set forth, the transfer of
this Note is registrable in the Security Register, upon surrender of this Note
for registration of transfer at the office or agency of the Company in any
place where the principal of and interest on this Note are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Notes of the same series in authorized denominations and for the same
aggregate principal amount will be issued to the designated transferee or
tranferees.


The Notes are issuable
only in registered form without coupons and, if payable in U.S. dollars, only
in denominations of $1,000 and any integral multiple of $1,000.  As provided in the Indenture and subject to
certain limitations therein set forth, Notes of this series are exchangeable
for a like aggregate principal amount of Notes of this series of a different
authorized denomination, as requested by the Holder surrendering the same.  If (x) the Depository is at any time
unwilling or unable to continue as depository and a successor depository is not
appointed by the Company within 60 days (y) the Company executes and delivers
to the Trustee a Company Order to the effect that this Note shall be
exchangeable or (z) an Event of Default has occurred and is continuing with
respect to the Notes, this Note shall be exchangeable for Notes in definitive
form of like tenor and of an equal aggregate principal amount, in authorized
denominations.  Such definitive Notes
shall be registered in such name or names as the Depository shall instruct the
Trustee.  If definitive Notes are so
delivered, the Company may make such changes to the form of this Note as are
necessary or appropriate to allow for the issuance of such definitive Notes.


This Note is not subject
to any sinking fund.


No service charge shall
be made for any such registration of transfer or exchange, but the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.


Prior to due presentment
of this Note for registration of transfer, the Company, the Trustee and any
agent of the Company or the Trustee may treat the Person in whose name this
Note is registered as the owner hereof for all purposes, whether or not this
Note be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary.



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As provided in the
Indenture, no recourse for the payment of the principal of or interest on any
Note, or for any claim based thereon, and no recourse upon any obligation of
the Company in the Indenture or in any Note shall be had against any
incorporator, stockholder, officer or director, as such, past, present or
future, of the Company or of any successor corporation.


All terms used in this
Note which are defined in the Indenture shall have the meanings assigned to
them in the Indenture.


This Note shall be
governed by and construed in accordance with the laws of the State of New York,
without regard to principles of conflicts of laws.



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ASSIGNMENT/TRANSFER FROM


FOR VALUE RECEIVED
the undersigned registered Holder hereby sell(s), assign(s) and transfer(s) unto
(insert Taxpayer Identification No.)


 


(Please type or typewrite name and address including postal zip code of
assignee)


 


 


the within Note and all rights thereunder, hereby irrevocably
constituting and appointing


 


                                                                           
attorney to transfer said Note on the books of the Company with full power of
substitution in the premises.


 


	
  Date

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NOTICE: The signature of the registered Holder to
  this assignment must correspond with the name as written upon the face of the
  within instrument in every particular, without alteration or enlargement of
  any change whatsoever.

  



 



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OPTION TO ELECT
REPAYMENT


The
undersigned hereby irrevocably request(s) and instruct(s) the Company to repay
this Note (or portion hereof specified below) pursuant to its terms at a price
equal to the principal amount hereof together with interest to the repayment
date, to the undersigned, at 


 


(Please print or
typewrite name and address of the undersigned)


For
this Note to be repaid, the Trustee must receive at 1100 North Market Street,
Wilmington, DE 19890-1615, Attention: 
Attn: Steve Cimalore, Corporate Trust, or at such other place or places
of which the Company shall from time to time notify the Holder of this Note,
not more than 60 nor less than 30 days prior to an Optional Repayment Date, if
any, shown on the face of this Note, this Note with this “Option to Elect
Repayment” form duly completed.  This
Note must be received by the Trustee by 5:00 P.M., New York City time, on the
last day for giving such notice.


If
less than the entire principal amount of this Note is to be repaid, specify the
portion hereof (which shall be in an amount equal to $1,000 or an integral
multiple thereof, provided that any remaining principal amount shall be an
authorized denomination) which the Holder elects to have repaid and specify the
denomination or denominations (which shall be in an amount equal to an
authorized denomination) of the Notes to be issued to the Holder for the
portion of this Note not being repaid (in the absence of any such
specification, one such Note will be issued for the portion not being repaid).


	
  $

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  NOTICE: The signature on this Option to Elect
  Repayment must correspond

  
	
  Date

  	
   

  	
   

  	
   

  	
  with the name as written upon the face of this Note
  in every particular, 

  
	
   

  	
   

  	
  without alteration or enlargement or any change
  whatever.

  
							



 



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