Arctic Cat announces new dealer floorplan arrangement
October 23, 2009
Filed under Features
GE Capital, Commercial Distribution Finance will be the exclusive provider of floorplan financing for Arctic Cat’s U.S. dealers beginning Dec. 1, according to a press release from Arctic Cat.
The new multi-year financing program will replace Arctic Cat’s current financing agreement with Textron Financial Corp., which had previously announced its intent to exit the dealer floorplan business.
“Arctic Cat and GE Capital share a commitment to meet the financial needs of our ATV and snowmobile dealers,” Christopher Twomey, Arctic Cat’s chairman and CEO, said in the release. “We are excited and pleased with our new partnership and expect it to continue to provide innovative financing programs and superior service.”