Hitachi is the first Commercial Truck Finance source to join the RouteOne platform FARMINGTON HILLS, Mich., Sept. 3
FARMINGTON HILLS, Mich., Sept. 3 /PRNewswire/ -- RouteOne LLC announced
today that Hitachi Capital America Corp. is now integrated with its web-based
credit application management system. Hitachi Capital America Corp. is the
first Commercial Finance source to join the RouteOne platform, and as such
will accept business applications on vehicles classified as "trucks" through
the RouteOne credit application management system. Hitachi Capital America
Corp. was formed in the United States in 1989 to provide a variety of finance
and leasing services to corporate clients. They are a wholly owned subsidiary
of Hitachi Capital Corporation and Hitachi, Ltd.
Hitachi's Automotive Division serves the U.S. commercial truck
marketplace. Their programs and services are available through participating
truck dealerships nationwide. Hitachi offers commercial finance loans for new
and used vehicles, and Trac leases on new vehicles with a variety of monthly
term options. Prime, near prime, and sub prime financing is available on
light, medium, and heavy duty trucks and trailers. Manufacturer rate
subvention programs are also available through Hitachi's partnerships with
Nissan Diesel America (UD), Mitsubishi Fuso Trucks of America and Isuzu
Commercial Trucks of America (GMC, Chevrolet, and Isuzu). In addition to the
manufacturer programs, Hitachi's dealer enrollment, which is now up to 1400
signed dealers, also includes truck makes such as Ford, Dodge, Jeep, Chrysler,
International, Hino, Freightliner, Sterling, Peterbilt, Toyota, Volvo and
Mack.
"With the addition of Hitachi Capital of America, who provides lending
specifically to commercial businesses, RouteOne has dramatically increased its
value to our dealers that participate in the commercial space," said Mike
Jurecki, RouteOne CEO. "Hitachi's integration to our portal is well suited, as
our franchised stores account for over 75 percent of the commercial business
in the United States."
"We are excited to be aligned with RouteOne, and we are looking forward to
the opportunity to continue to grow our dealer base and gain exposure to new
customers," said Robert C. Otto, Hitachi Capital America Corp.'s Senior Vice
President and General Manager, Automotive Division. "We feel that with
Hitachi's broad spectrum of financial product offerings and RouteOne's system
capabilities, this partnership will only expedite the credit application
process for our dealers, which will result in faster approvals and faster
fundings. New dealers will find that the Hitachi staff are not only finance
people, but first and foremost truck people. We speak the dealer's language
and strive to support them with their business needs."
ABOUT ROUTEONE
RouteOne was formed in 2002 by Chrysler Financial, Ford Motor Credit
Company, GMAC, and Toyota Financial Services to create a more streamlined
credit application for automobile dealers and their customers. Providing
access to more than 21,500 dealers in North America, RouteOne's web-based
system allows automotive dealers to submit credit applications to the largest
indirect lenders, request credit reports, and increase profitability with
RouteOne's free Dealer Reporting Suite. RouteOne's open integration business
model also allows the dealer to integrate with their choice of a wide variety
of best in class providers, including DSPs, CRM systems, F&I modules and menu
providers. RouteOne offers dealers a common platform for all their credit
application financing needs. More information is available at
www.routeone.com .
ABOUT HITACHI CAPITAL AMERICA
Hitachi Capital America Corp. is an independent, diversified leasing and
financial services company providing financing to Hitachi group companies and
the commercial business sector in the United States. They offer a variety of
asset based financing solutions with a business focus on vendor finance, truck
finance, construction equipment finance, medical equipment finance, lease
discounting and software financing. Hitachi Capital America Corp. was
incorporated in October 1989 and commenced business operations in April 1990.
Headquartered in Norwalk, Conn., Hitachi is wholly owned by Hitachi Capital
Corporation. Our parent was founded in 1957 as a subsidiary of Hitachi Ltd.,
and has become one of the leading financial institutions in Japan. Through our
sister companies located in the United Kingdom, Singapore and Hong Kong,
Hitachi Capital has established a presence in the global market place to
better serve our customers and our Hitachi group companies worldwide.
CONTACT: Suzi Straffon
RouteOne LLC
248.862.7074
SOURCE RouteOne LLC
