Daimler Truck Financial to Provide Financing Services to Mitsubishi Fuso Truck of America Dealers, Customers

FARMINGTON HILLS, Mich. and LOGAN TWP., N.J., July 11, 2011 /PRNewswire/ -- Daimler Truck Financial (DTF) announced today it has reached an agreement with Mitsubishi Fuso Truck of America (MFTA) to begin providing financial products and services for more than 175 MFTA dealers and their customers in the United States.

Daimler Truck Financial, which provides financial services for Freightliner, Western Star, Sprinter and Thomas Built Bus dealers and customers, will bring its wide range of financial services and programs to the Mitsubishi Fuso dealer body in the United States. DTF manages a portfolio of approximately $5 billion which includes more than 120,000 commercial vehicles and 70 percent of Freightliner and Western Star wholesale dealer inventory.

Mitsubishi Fuso Truck of America markets Class 3 through Class 5 cabover work trucks designed to deliver the lowest cost of ownership in their class. The all new 2012 Canter FE/FG Series trucks offer improved fuel economy, best-in-class payloads, 18,000 mile service intervals and are backed by an industry-best 5-Year/175,000-Mile Powertrain Warranty.

Together, DTF and MFTA will provide customers with competitive financing options with rates in Q3 as low as 0.9 percent for qualified customers. Other offerings include packages with terms up to 72 months. Additional  product offerings will include TRAC lease, a full line of insurance and aftermarket products, and online account management. These wide ranging services have contributed to DTF's reputation as a leader in customer and dealer satisfaction among captive finance sources in the trucking industry.  

In order to facilitate this partnership, Daimler Truck Financial has created a dealer reference guide for all MFTA dealers that they can print or download containing comprehensive contact information for Daimler Truck Financial's sales, credit and service staff as well as credit application, funding requirements and instructions on using DTF's F&I Pro Website and Electronic Funds Transfer (EFT) systems.

"We understand the finance requirements of the vocational buyer and we have the dedicated credit teams who have handled this kind of business for years," said Juergen Rochert, Vice President and head of Daimler Truck Financial. "The combination of MFTA's product lineup and DTF's financial expertise in the industry will further improve the market position of Daimler's commercial vehicle sales in the United States."

Todd Bloom, President & CEO of MFTA adds, "The addition of DTF as a financial resource for our network of dedicated dealers and loyal customers will only aid to solidify our position in the market by placing more of the revolutionary new line of Canter FE/FG- Series trucks into business and municipal operations throughout the United States."  

About Daimler Truck Financial

Daimler Truck Financial, a business unit of Mercedes-Benz Financial Services USA LLC, provides wholesale financing and credit lines to Freightliner, Western Star, Sprinter and Thomas Built Bus dealers.  Daimler Truck Financial offers a broad range of flexible financing plans for fleet customers, owner/operators, municipal and vocational customers as well as an extensive selection of dealer financial services that fully support Daimler Trucks North America's commercial vehicle brands throughout the United States. For more information on Daimler Truck Financial, visit http://www.daimler-truckfinancial.com/

About Mitsubishi Fuso

Headquartered in Logan Township, NJ, Mitsubishi Fuso Truck of America, Inc. (MFTA) is a subsidiary of Mitsubishi Fuso Truck and Bus Corporation, Kawasaki, Japan, an integral part of the Daimler Trucks Division of Daimler AG. With a 25-year heritage in North America, MFTA is focused on delivering trucks with the lowest cost of ownership in their class. Its Class 3-5 diesel-powered, medium-duty cabover trucks are available through more than 200 dealer locations throughout the United States, Canada, and Puerto Rico. More than 100,000 Mitsubishi Fuso standard, 4-wheel-drive and crew cab trucks have been sold in North America to fulfill the transportation needs of a wide variety of businesses and industries, including beverage, catering, refrigerated and dry cargo delivery fleets, vehicle recovery, towing, pest control, plumbing, light construction and landscaping. For more information, visit http://www.mitfuso.com, follow FusoTruck on Twitter, or see our Facebook page.

SOURCE Daimler Truck Financial