Tuesday, November 30, 2010

GE Money and Polaris Industries Sign Exclusive Victory Financing Agreement

November 29 2010
GE Money Sales Finance, a consumer lending unit of General Electric Company (NYSE:GE - News), today announced an agreement with Polaris Industries to be the exclusive provider of promotional financing for Victory motorcycles. The multi-year program is managed by GE Money’s Sales Finance unit and continues the financing relationship that was originally launched in 2006.

       “Being the exclusive financing provider for Victory motorcycles reinforces our commitment to Polaris and the Powersports industry,” said Stephen Motta, general manager of Powersports, GE Money – Sales Finance. “Our lending experience helps us provide greater value to our partners. We have the tools retailers need to generate store traffic and close more sales and our goal is to provide strong approval rates and world-class service to Victory dealers and help them build their business through financing.”
       In addition to providing installment loans for the full line of Victory motorcycles, GE Money will continue to offer competitive rates and terms on all new and used Polaris products, including all-terrain vehicles, snowmobiles, Ranger side-by-side vehicles and Breeze golf carts under its standard rate program.
        GE Money is among the country’s oldest and most successful retail lenders, with more than 75 years of deep experience in the consumer financing business.
Victory Motorcycles is headquartered in Medina, Minnesota. The company, which introduced its first model, the V92C, in 1998, offers more than a dozen models of motorcycles at dealerships across the country.