Oct. 4, 2010 – A flexible lending plan
October 4, 2010
Filed under Features
Kawasaki Motors Corp., U.S.A., and GE Money have announced a new retail financing program that will provide Kawasaki dealers with a promotional credit plan that enables customers to plan and pay for purchases over time and within their budgets.
The finance program is structured to enable dealers to extend terms and provide options for consumers to affordably purchase the units they desire, GE Money told Powersports Business. For example, flexible financing options include adjusting a term from
48 months to 60 months with a small increase in the customer’s rate to lower the monthly payment that fits the customer’s budget. For other customers, reducing the APR at a small cost to the dealer may enable the customer to make the purchase.
“Flexible installment lending options like GE Money’s new Kawasaki program encourage responsible lending that results in quicker equity building to facilitate faster trade-ins,”?a GE?Money statement said.
The new program, which will be available for Kawasaki consumers buying motorcycles, ATVs, utility vehicles and PWC, begins Oct. 1.
“Our goal is to be more than a bank to our retail partners by providing a wide range of value-added services that supports and helps build their business and drive customer loyalty,” Stephen Motta, vice president of GE Money – Sales Finance, said in a press release. “Promotional credit, when used properly, offers some very important benefits to consumers and can help businesses attract and retain more customers and close more sales.”