Smarter motor finance solutions to support your sales strategy
At Hitachi Capital, we underwrite the individual, not the asset, reducing restrictions on LTV or age of the vehicle you want to lend against, helping you to do what you do best – sell cars.
We looked at the issues that affect the sales process and we changed the rules, making it easier to close a sale and shift both new and used stock. We can lend on cars up to 12 years old at loan maturity and, unlike our competitors, based on the quality and quantity of the business we underwrite with you, we can write loans up to 200% of LTV, meaning you can still offer a deal to customers with negative equity on the car they're part exchanging.
Our fresh approach to dealer finance gives you greater flexibility, allowing you to shape a deal that works for you and your customer.
And with our fast and efficient process, applications take just 3 minutes to complete and 90% of decisions are made instantly, ensuring you never lose a sale. We also accept your deals as proposed, with no extra conditions placed on the deal. And simple proof of ID helps you close the deal on the spot with the customer.
We think differently about residual value
We base our lending decision on your customer's ability to repay the loan and underwrite against the individual, not the perceived value of the car. Our base rate is very competitive, we're even willing to match any competitor rates and terms.
We thinking differently about added value products
We know that your customers want peace of mind from products, such as extra warranty cover and gap insurance, products that give true added value and also drive dealer income. Our approach allows you to sell valuable add-on products, increasing the customer's confidence to buy and still do a deal that returns a profit and sells the car at a fair interest rate to the customer.