August 11, 2004
Cypress, CA - Yamaha Motor Corporation, U.S.A. and GE Consumer Finance are rolling out a national program offering installment credit to customers for the purchase of powersports and marine equipment and accessories. The new Yamaha Installment Financing program, designed to complement the manufacturer’s existing revolving program, is being rolled out through the network of more than 2,300 Yamaha Motor Corporation dealers nationwide.
The companies say key benefits of the program include the ability to offer on-the-spot financing to qualified customers, and promotional financing at competitive interest rates and terms. Marketing tie-in programs will also be planned to enhance awareness of Yamaha products lines and drive seasonal interest.
"Our customers expect outstanding quality and great service," said Jay Teele, division manager for Yamaha Financial Services. "This partnership offers the quality, growth opportunity and flexibility that's vital to our continued success."
Retail Sales Finance Servicing Company, based in St. Paul, Minn., is a GE affiliate and unit of GE Retail Sales Finance. GE Retail Sales Finance, based in Kettering, Ohio, is operated by GE Consumer Finance and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers. With $107 billion in assets, GE Consumer Finance is a leading provider of credit services to consumers, retailers and auto dealers in 38 countries around the world. GE Consumer Finance, based in Stamford, Conn. (USA), is a unit of General Electric Company.
Yamaha Motor Corporation, U.S.A., based in Cypress, Calif., is a wholly-owned subsidiary of Yamaha Motor Company, Ltd., the powersports manufacturer with $7.1 billion in annual revenues globally.
