As of May 2015, Toyota Capital, a Multiple Purpose Financial Institution (SOFOM) (Non-Bank Bank) has funded more than 1,800 assets. Toyota Capital in Mexico is headed by Eduardo Vega, and maintains a consistent growth perspective thanks to the growth of strategic industries that require the use of forklifts trucks, such as automotive, cement, consumer, beverage, retail and international corporations operating in Mexico. During its first 18 months of operation in our country, Toyota Material Handling Capital (d.b.a. “Toyota Capital”), the financial services company for forklift trucks of Toyota Material Handling North America, a subsidiary of Toyota Industries Corporation (TICO); who came to revolutionize the market for forklift trucks contributing to development of micro, small and large Mexican companies by offering financing options to renew its material handling equipment for distribution and logistics, has had an exceptional and sustained growth in its customer base and amount financed. At the end of May 2015, Toyota Capital, a Multiple Purpose Financial Institution (SOFOM) (Non-Bank Bank) has grown by more than 500 percent since its start of leasing operations in October 2013. Only in the first three months (Dec 2013) of operation in Mexico 350 assets were financed (forklifts, batteries, chargers, attachments). "We had a very consistent progress thanks to financing and servicing one of the basic needs of businesses of all sizes with financial schemes that are innovative, accessible and adapted to the needs of our customers" said Eduardo Vega, managing director of Toyota Capital. The market for forklift trucks in Mexico an estimated $ 700 – 900 million annual increase of imports of new and used material handling equipment. By the end of May 2015, Toyota Capital has in its portfolio more than 1,800 assets it has funded since we arrived in Mexico, among other things because we cover a strategic […]