WTW23 from the Floor: Mitsubishi HC Capital America
Joe Hughes with the National Ford Truck Club gets the scoop on the Mitsubishi HC Capital America merger what that means for commercial dealers and upfitters that utilize financing for their customers. Mitsubishi HC Capital America’s sales leaders explain how combining their lending capabilities helps commercial-vehicle dealers optimize sales, navigate rising interest rates, and choose the right lender based on lending requirements. Listen in as Dave Herring, Senior VP of Sales for the Western Region, Mitsubishi HC Capital declares, “Whether it’s a bucket lift or a snowplow, we can finance it. Forty-thousand-dollar upfit? We can do that too.”
Joe also got to explore the unique position of Mitsubishi HC Capital America as an independent finance institution. Their deep insight into the commercial vehicle space, a result of decades of experience, allows them to assist dealers based on industry knowledge and understanding. Mitsubishi HC Capital America’s Sales VPs explain how they can offer extended terms and zero-down approvals because they don’t have external LTV limitations. They also touch on how dealerships will leverage Mitsubishi HC Capital America as a secondary source of financing after their captive, which provides the customer an additional avenue for capital, that might otherwise might not have been available.