GE Capital, Yamaha Motor Canada set on new dealer floorplan financing
January 20, 2010
Filed under Features
GE Capital signed an agreement with Yamaha Motor Canada to be the exclusive provider of financing for Yamaha’s YMCF dealer inventory finance program. GE Capital began providing floorplan financing to Yamaha’s dealers as of Jan. 1, according to a press release from Yamaha.
GE Capital acquired the portfolio from Yamaha Canada’s former financier, Textron Financial Canada Limited, and is now the exclusive provider of inventory finance for Yamaha under a multi-year financing program.
“Yamaha and GE Capital share a commitment to meet the financial needs of our Canadian dealer network,” Peter Hastings, Yamaha Motor Canada’s vice president of corporate services, said in the release. “We are pleased that our new arrangement allows us to continue to operate the YMCF program, build on its long-running success and continue to improve on the program’s benefits to our dealer-network.”