Financing Your New Hino: Learn More About Commercial Vehicle Financing
Are you in the market for a new truck? Adding to your fleet or replacing older vehicles is a great step towards boosting productivity, keeping up new technologies or expanding your business! There are many ways you can consider acquiring this new vehicle including leasing and flat out purchasing. If you put a lot of mileage on your trucks, need to customize them or want to assume the equity involved with purchasing, leasing may not be for you. If you don’t have the capital upfront to purchase your new truck flat out, financing is the perfect solution to finding an affordable way to increase or upgrade your fleet.
Deciding to increase the size of your fleet, take on new business challenges or upgrade your existing equipment is a big deal. Once you have selected the perfect Hino or equipment you need, the next and arguably just as important step is to work out a financing plan. The benefits of working with an experienced dealership is that your sales representative will understand the industry. They will understand the cost of growth, that you have overhead and operating costs on top of your vehicle expenses. It’s also helpful to have someone who understand the wear and tear, and potential maintenance costs associated with commercial truck ownership. Disregarding these other expenses could result in payments that are just not sustainable for your business.
The best way to find a reasonable and affordable repayment plan is to communicate with a professional financing associate at a dealership. You can use online tools to help you estimate your financing payments but speaking with someone directly about your business structure, owner-operator financing, credit score and down payment size will be the best way to ensure you get an accurate and clear estimate. Be wary of online calculators, applying for a credit application online to initiate the application process is the best way to get the ball rolling. If you do use an online calculator to determine your commercial truck financing payments, you can expect those estimates to change.
Financing is a great option for businesses looking to add some new vehicles or upgrade some of their current machines. To ensure you're new vehicle meets all your business needs while still respecting your companies operation costs, work with a professional representative from your local Hino dealership. You will need to supply the dealer with information regarding your financing and credit history so be prepared and ask what you will need to bring to any appointments you may have. Other information that could impact your financing are a unit or fleet’s depreciation schedules, the company’s revenue projections, current interest rates and the fixed cost of operations. All this information helps determine your financing rate so come prepared!
We’ve worked with many individual clients and fleet companies to finance their Hino trucks and equipment. Learn more about how we can help you finance your next vehicle.
