Scooter brand develops new consumer lending source
October 9, 2009
Filed under Features
Schwinn Motor Sports has entered into an agreement with Sheffield Financial to offer consumer financing for its line of scooters and Tomberlin ATVs and UTV.
“The announcement of the consumer financing program is the beginning of our plans to bring new vitality to the Schwinn Motor Sports brand,” Mike Tomberlin, CEO of the Tomberlin Group, said in a press release. “We are very aware of the strength of the Schwinn brand and we are committed to bringing to market new products and programs that will help build it into one of the strongest brands in the powersport industry.”
“The Schwinn brand is a household name and a symbol of quality,” said Jack Snow, president of Sheffield Financial. “We are pleased to add them to our list of manufacturer-supported finance programs.”
To start the program, Schwinn Motor Sports dealers can offer consumers 3.9 percent for 36 months, 5.9 percent for 48 months or 6 months free interest/no payment effective through Dec. 31, to qualified buyers.