MISSISSAUGA, ON, Sept. 28 /CNW/ - GE Money, the Canadian consumer-lending unit of the General Electric Company (NYSE: GE), today entered an agreement with Arctic Cat (NASDAQ: ACAT) to provide financing for the purchase of Arctic Cat equipment at all of its Canadian dealerships.
"We are excited about the opportunity to work with Arctic Cat and its dealers. The company has a great reputation and a lengthy history in the industry," said Valerie Gregory, General Manager of Powersports retail financing at GE Money Canada. "We look forward to putting our unique approach to retail financing to work to help them continue to grow in Canada."
The buying pattern is changing - more and more consumers want to finance their Arctic Cat snowmobile or ATV through the dealer. "We needed a retail finance partner to help our dealers grow the business, the answer was clear: GE Money," says Brad Darling, Arctic Cat's National Sales Manager. "Our goal is simple: increase our market share while making our dealers more profitable and GE Money has tailored retail finance programs to accomplish this goal."
GE Money's approach to financing offers special promotional and everyday financing options, prompt credit decisions and funds within 48 hours. This enables retailers to provide faster service to their clientele and has been shown to contribute to an increase in sales.
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"We are excited about the opportunity to work with Arctic Cat and its dealers. The company has a great reputation and a lengthy history in the industry," said Valerie Gregory, General Manager of Powersports retail financing at GE Money Canada. "We look forward to putting our unique approach to retail financing to work to help them continue to grow in Canada."
The buying pattern is changing - more and more consumers want to finance their Arctic Cat snowmobile or ATV through the dealer. "We needed a retail finance partner to help our dealers grow the business, the answer was clear: GE Money," says Brad Darling, Arctic Cat's National Sales Manager. "Our goal is simple: increase our market share while making our dealers more profitable and GE Money has tailored retail finance programs to accomplish this goal."
GE Money's approach to financing offers special promotional and everyday financing options, prompt credit decisions and funds within 48 hours. This enables retailers to provide faster service to their clientele and has been shown to contribute to an increase in sales.
[fulll article]
