PACCAR FINANCIAL CORP, 424B3, 1994-07-29

PACCAR FINANCIAL CORP
424B3, 1994-07-29
SHORT-TERM BUSINESS CREDIT INSTITUTIONS

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<PAGE>   1
                                             Filed pursuant to Rule 424(b)(3)
                                                            File No. 33-51335



SUPPLEMENT NO. 16 TO PROSPECTUS DATED DECEMBER 14, 1993
(AS SUPPLEMENTED DECEMBER 15, 1993)


                            PACCAR FINANCIAL CORP.

                         MEDIUM-TERM NOTES, SERIES G

               DUE FROM 9 MONTHS TO 10 YEARS FROM DATE OF ISSUE
       INTEREST PAYABLE EACH MARCH 15 AND SEPTEMBER 15 AND AT MATURITY

                                                                 Interest Rate
    Range of Maturities                                            Per Annum
    -------------------                                          -------------
From 24 months to 31 months....................................      6.65%
More than 31 months to 35 months...............................      6.77%
More than 35 months to 42 months...............................      6.82%




Dated:  July 28, 1994

Form of Note (check one):  Book Entry    [X]
                           Certificated  [ ]



In some instances, one or more of the Agents have purchased the Notes as
principal and may resell the Notes at prices to be determined by such Agents at
the time of resale.