Finance

YOUR ONE STOP SHOP FOR TRUCK FINANCE

There is no better way to buy a Hino Truck that suits your business needs than with Hino Financial Services (HFS). We offer a wide range of finance products and services that are at your disposal to provide you with easy solutions when considering your next truck purchase.

HFS strives to offer finance options through dealers or online that are designed to help meet your business needs.
By working hand in hand, HFS and Hino Dealers draw on each other's strengths, giving us the edge to create flexible finance products that help fit your company's needs.

Quick & easy financing

through shared processes between your Hino dealer and HFS.

Pre-approving qualified customers

for a credit line so that you our customer can more easily finance additional equipment, without the need to go through a full credit approval process each time.

A variety of Online Services

conveniently available at www.hino.co.za

Experts in their field

our representatives are experts in truck finance and can help you get the answers to all your truck finance questions.

Standardised paperwork

and processes make the finance process quick and efficient.

Finance Products

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.

Ownership

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 vehicle is an asset used for business, you can claim depreciation as well as yearly interest paid against tax.
  • You'll enjoy the benefit of any resale value.

Suited To

This type of agreement will suit you as an individual, a self-employed individual or if you're a business-owner that would like 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.

Ownership

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.

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.

Corporate Governance

We have developed a set of key internal standards and policies that underpin how we do business.

Click the links below to download PDF.