Hino Trucks announced that it has entered into an agreement with Hitachi Capital America Corp. that will expand Hino’s current commercial financing options. In addition to Hino’s captive financial partner, Toyota Financial Services, Hino’s dealers and customers now will have access to Hitachi Capital America Corp.’s retail and wholesale financing offerings.
“It is a challenge in today’s financial climate to secure financing for a customer after they have committed to purchasing a new or used vehicle,” says Bob McDowell, senior vice president of sales and customer support for Hino Trucks. “Adding a well capitalized partner like Hitachi, who specializes in the medium-duty truck market, is a tremendous asset to our growing dealer body and customer base.”
Hitachi will work with Hino Trucks to develop new and used retail financing programs tailored to the medium-duty truck market. “We are excited about the opportunity to partner with Hino Trucks and to help them grow in new markets by offering its dealers and customers some of the most competitive finance programs available,” says Robert Otto Sr., vice president and general manager for Hitachi Capital America Corp. “With Hino and Hitachi’s dedicated focus to the medium-duty customer, we believe this partnership will offer uncompromised value.”