The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

RouteOne Integrates With Hitachi Capital America


PHOTO

Hitachi is the first Commercial Truck Finance source to join the RouteOne platform

FARMINGTON HILLS, Mich., Sept. 3, 2008 - 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."