Suzuki Marine announces “Repower Finance” retail finance plan
October 15, 2013
Filed under News
Participating Dealers To Offer Introductory Rates As Low As 5.99% APR (On Approved Credit) For 60 Months*
On Engine-Only Purchases Through December 31, 2013
(Brea, CA, Oct 14, 2013) – Customers trying to finance outboard motors for repowering their boats often faced an unexpected challenge, as most lenders considered an engine-only purchase an unsecured risk. Given the cost of upgrading to new technology outboards, many would-be repower prospects were left to find their own financing – or worse, had to renege on the deal, with the dealer losing out on a valuable sale and needed shop work.
But that’s changed now, thanks to Repower Finance, a new program established by Suzuki Motor of America, Inc. and GE Capital Retail Finance and offered through GE Capital Retail Bank. Suzuki Marine dealers will now be able to offer their repower customers retail financing on new Suzuki outboard engines, as well as the cost of rigging and parts.
“Since many Suzuki Marine dealers specialize in repower sales, the ability to offer financing is an extremely valuable sales tool,” said Jonathan Woolson, Manager, Dealer Operations Business Group for Suzuki Motor of America, Inc. “Based on the positive responses from some of our key dealers, I think we have a winner.”
As an added bonus, Suzuki dealers will be able to offer special introductory finance rates starting at just 5.99% APR (on
approved credit) for 60 months* to help encourage fall boat show sales. This offer begins Friday, October 11 and runs through December 31, 2013.
“We were thrilled when GE agreed to work with us on this program,” added Woolson. “We’ve worked through the tough times together and we’re now ready to grow the business.” Suzuki Marine dealers can enroll in Suzuki’s Repower Finance program by calling GE Capital Retail Bank and speaking with an enrollment representative. GE promises speedy credit authorizations with online processing of applications, as well as 24/7 phone support. Dealers will also appreciate GE’s automatic payout service on select transactions.
For more information on Suzuki Marine’s Repower Finance, or on Suzuki’s full line of outboard motors from 2.5 to 300 horsepower, please visit www.suzukimarine.com or call 1-714-996-7040, x 2234.
* Financing offers available through GE Capital Retail Finance, a Division of GE Capital Retail Bank. As low as 5.99% APR financing for 60 months on new and unregistered Suzuki marine engines. Subject to credit approval. Not all buyers will quality. Approval, and any rates and terms provided, are based on credit worthiness. $19.00/month per $1,000 financed for 60 months is based on 5.99% APR. Hypothetical figures used in calculation; your actual monthly payment may differ based on financing terms, credit tier qualification, accessories or other factors such as down payment and fees. Offer effective on new, unregistered Suzuki marine engines purchased from a participating authorized Suzuki dealer between 10/11/13 and 12/31/13.