Hino Finance Products – Business

INSTALMENT FINANCE

Overview

This method of finance allows you to buy your Hino/Toyota of choice by paying instalments over an agreed period. Ownership will pass to you as soon as you’ve paid all amounts due under the agreement. Financing periods can be structured between 12 to 60 months, with or without a final balloon payment. Market-related interest rates apply, which may be linked to the prime lending rate or alternatively fixed, over the agreed finance period. There is no minimum deposit payable unless there is a change to the current legislation or to your credit profile.

Instalments

Instalment sale agreements are typically offered between 12 & 60 months. 

Instalment payments can be structured equally over the entire agreement period so that there is no balloon payment at the end. Alternately a final balloon payment can be arranged.

A final balloon payment is a larger than normal final payment resulting in a lower monthly repayment.

Under an instalment sale agreement you become the vehicle owner at the end of the agreement.

This is provided that you’ve paid all due amounts under the agreement.

When the agreement comes to an end and all due amounts under the agreement have been met, you simply contact Hino Financial Services to initiate the change of title-holder and re-register the vehicle in your name.

Benefits

  • You own the goods when you’ve paid the full amount.
  • If the asset is used for business purposes, you can claim depreciation and the yearly interest paid against tax.
  • You’ll enjoy the benefit of any resale value.

Suited To

This type of agreement will suit private individuals, self employed individuals or business-owners who want to own the asset at the end of the agreement.

Optional

You may want to consider adding the Take-A-Break option to your finance package.

LEASE FINANCE

Overview

This method of finance gives you the right to use your Hino/Toyota of choice for an agreed period, during which time you pay monthly rentals. At the end of the term, ownership passes either absolutely or upon satisfaction of specific conditions. Financing periods can be structured between 12 to 60 months, with or without a final balloon payment. Market-related interest rates apply which may be linked to the prime lending rate or alternatively fixed, over the agreed finance period. There is no minimum deposit payable unless there is a change to the current legislation or to your credit profile.

Leasing

Hino Lease agreements are typically offered between 12 & 60 months. 

At the end of the term ownership does not pass to you automatically, however, you have the option of either returning your Hino/Toyota to Hino Financial Services, acquiring ownership or extending the lease.

Ownership is subject to the conditions set out in the credit agreement, which include payment of all monthly rentals due and payment of a nominal ownership amount.

Hino Financial Services lease agreements can be structured equally over the entire agreement period with or without a final balloon payment at the end.

A final balloon payment is a larger than normal final rental resulting in a lower monthly rental.

With Lease Finance there is also the option of refinancing the final balloon payment.

Provided that at the time of your application for finance, there is no adverse change to your credit profile.

Benefits

  • You don’t need to own the asset to use it.
  • Rentals can be claimed as expense against tax.
  • You avoid tying up working capital.
  • Stepped payments, inflated rentals and other structures can be tailored to your needs.

Suited To

This type of agreement will suit you if you are using the asset to generate income; or receive a car allowance; or you want to claim the expense against tax; or you own a business.

Optional

You may want to consider adding the Take-A-Break option to your finance package.

OPERATING RENTALS

Overview

Our Hino Financial Services Operating Rentals come with an innovative Managed Maintenance Service whilst having a fixed monthly rental and the option to pay actual maintenance costs. This fixed monthly rental includes fleet management services such as sourcing and purchasing of the vehicle, vehicle usage and all resale risk is transferred from the customer to Hino Financial Services. 

We have a team of maintenance experts who will scrutinise all invoices to ensure that the maintenance and repair costs are authorised.

Benefits

  • It is an off balance-sheet funding solution for companies and complies with IAS 17.
  • Input VAT on Commercial vehicles is recoverable in full.
  • Maintenance and repair costs are kept to a minimum.
We can offer you a service fully adapted to your business needs.
Contact us today.

Finance Contact Person