Daimler Truck Financial announced it has reached an agreement with Mitsubishi Fuso Truck of America to begin providing financial products and services for more than 175 MFTA dealers and their customers in the United States. DTF – which provides financial services for Freightliner, Western Star, Sprinter and Thomas Built Bus dealers and customers – manages a portfolio of about $5 billion, which includes more than 120,000 commercial vehicles and 70 percent of Freightliner and Western Star wholesale dealer inventory.
Together, DTF and MFTA say they will provide customers with competitive financing options with rates in the third quarter as low as 0.9 percent for qualified customers; other offerings include packages with terms up to 72 months. Additional product offerings will include TRAC lease, a full line of insurance and aftermarket products and online account management.
“We understand the finance requirements of the vocational buyer, and we have the dedicated credit teams who have handled this kind of business for years,” says Juergen Rochert, vice president and head of DTF. “The combination of MFTA’s product lineup and DTF’s financial expertise in the industry will further improve the market position of Daimler’s commercial vehicle sales in the United States.”
In order to facilitate the partnership, DTF has created a dealer reference guide for all MFTA dealers that they can print or download containing contact information for DTF’s sales, credit and service staff, as well as credit application, funding requirements and instructions on using DTF’s F&I Pro Website and Electronic Funds Transfer systems.
“The addition of DTF as a financial resource for our network of dedicated dealers and loyal customers will only aid to solidify our position in the market by placing more of the revolutionary new line of Canter FE/FG Series trucks into business and municipal operations throughout the United States,” says Todd Bloom, MFTA president and chief executive officer.