PACCAR FINANCIAL CORP
424B3, 1995-02-21
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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<PAGE>   1
                                        Filed pursuant to Rule 424(b)(3)
                                                       File No. 33-51335


           SUPPLEMENT NO. 22 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 21 months to 36 months................................7.325%       
More than 36 months to 48 months...........................7.57%



Dated: February 17, 1995

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.


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