GE Capital and KTM North America Extend Consumer Financing Program
12th January, 2013
January 11, 2013 11:01 AM Eastern Time
STAMFORD, Conn.--GE Capital Retail Bank and KTM North America, Inc., a Powersports vehicle manufacturer, recently announced a multi-year extension of their consumer financing program. GE Capital Retail Bank provides financial solutions to retailers and dealers to help grow their customer sales and will continue to provide financing programs to KTM customers as it has since 2002.
The installment financing program is offered at more than 340 KTM dealers nationwide and offers special financing promotions on KTM’s complete line of new and used on- and off-road vehicles.* KTM customers are able to finance the unit plus the purchase of parts, service and accessories.
“For over a decade, the KTM consumer installment loan program has provided flexible finance options that our customers value when making such an important purchase,” said Jon-Erik Burleson, president for KTM North America. “We’re pleased to continue our relationship with GE Capital and appreciate the expertise and complete lending solutions they bring to our powersports dealers and enthusiasts.”
“We look forward to continue growing the KTM program by offering finance solutions that drive floor traffic for dealers and that meet the needs and budgets of riders who want to experience the excitement and performance of the KTM brand,” said Stephen Motta, vice president, GE Capital’s Retail Finance business.
For more than 75 years, GE Capital has helped major retailers and more than 200,000 small- and mid-sized businesses throughout the United States build consumer financing programs that support business growth and customer satisfaction and loyalty. GE Capital has been a leading provider of consumer credit in the Powersports industry for more than 25 years. The company supports its clients and dealer network with proprietary online technology such as Business Center, providing access to GE services, marketing and sales tools, as well as Learning Center, a comprehensive training tool for powersport dealerships.
*Subject to credit approval and availability
About KTM North America, Inc.
With the 2012 450 Motocross Championship in hand, KTM, a European motorcycle manufacturer specializing in “Ready to Race” on and off road motorcycles, has proven successes in worldwide competition. The “Ready to Race” philosophy is embodied into the design and function of each KTM. With more than 200 World Championships and counting, the technology, design and performance of KTM continues to race past the competition. For more information, visit www.ktm.com.
About GE Capital's Retail Finance business
GE Capital’s Retail Finance business is among the country’s most successful retail lenders, with more than 75 years of experience in consumer financing. The business, with its lending entity GE Capital Retail Bank, provides customized credit programs to retailers and consumers in the United States and Canada that help drive sales. This includes private label and bankcard credit programs to major national, regional and independent retailers in the U.S., as well as private label credit programs, promotional and installment lending, bankcards and financial services for consumers through dealers; contractors; manufacturers; healthcare practices; and service providers across nearly 20 industries. We are not just bankers; we help clients build better businesses.
GE Capital is one of the world’s largest providers of credit. For over one million businesses, large and small, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. For our 100+ million consumer customers, GE Capital offers credit cards, sales finance programs, home, car and personal loans and credit insurance.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.