Hino Trucks announced Monday that it formed an agreement with Hitachi Capital America Corp., which will expand Hino's current commercial financing options. In addition to Hino's captive financial partner, Toyota Financial Services, Hino's dealers and customers will now have access to Hitachi Capital America Corp.'s retail and wholesale financing offerings.
Hitachi's dedicated team brings a wealth of experience and expertise in creating solutions for commercial truck financing and is uniquely positioned to address the needs of Hino customers.
"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," said Bob McDowell, senior vice president, 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 changing needs of 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," said Robert Otto, senior vice president and general manager for Hitachi Capital America Corp.