Monaco Coach Corp. has launched Monaco Financial Services (MFS), jointly designed by Monaco, GE Capital Solutions, and GE Consumer Finance to deliver cost effective commercial financing to the company’s dealers along with a retail financing program for consumers.
According to a press release, MFS will support all Monaco dealers and retail purchases of the Monaco brands including Monaco, Holiday Rambler, Beaver, Safari, McKenzie and R-Vision. The program rollout will be immediate and available on a nationwide basis.
“We view this opportunity to leverage the resources of GE Capital Solutions and GE Consumer Finance as a major win for both our dealers and our retail motorhome and towable customers,” said Kay Toolson, chairman and CEO of the Coburg, Ore.-based builder. “By offering retail buyers a competitive financing resource through Monaco Financial Services, and by presenting our dealers with an attractive combination of financial incentives, we believe Monaco has developed an unbeatable package for dealers in the RV marketplace.
“Monaco Financial Services in combination with our Franchise for the Future (FTFF) dealer initiative is a valuable tool that dealers can use to be more successful,” Toolson added.
Leonard Buchan, president of the RV unit for GE Capital Solutions, noted: “With Monaco Financial Services, our integrated financing solutions will help Monaco sell more product to more dealerships by utilizing GE’s ability to scale and administer to dealers with different needs.”
“Monaco’s commitment to further strengthen its dealer relationships through its FFTF program, and its vision in offering flexible consumer financing to attract more customers to the RV lifestyle will contribute to their growth,” said Ed Arienti, president of RV/Marine for GE Consumer Finance’s Retail Sales Finance unit. “We are extremely pleased to be selected to deliver a joint financing program that will provide outstanding benefits to Monaco’s dealer body.”