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National City yesterday (August 7) announced an aggressive nationwide expansion of its retail and wholesale recreation finance business line to 38 states.
“Leveraging over 50 years of experience in marine and recreational vehicle financing in the Midwest, National City will now offer its expert brand of financing options and products to dealers and manufacturers across the United States,” a corporate release states. “National City Recreation Finance plans to boost annual originations of marine and RV financing significantly in the next five years and has its sights on being the premier finance source in the national marketplace.”
Toward that end, National City has selected a team of experienced professionals to lead the National City Recreation Finance group. “We are pleased to offer our 50-plus years in marine and RV finance expertise, dedication to the industry and the best financing options to dealers and manufacturers throughout the United States,” said Greg Jelinek, National City’s executive vice president for national recreation finance. “We’ve assembled a team of seasoned Marine and RV financing professionals with a superior understanding of the needs of dealers and manufacturers and have structured our business to meet these needs 110%.”
As part of the nationwide expansion, National City Recreation Finance will work closely with customers to develop specialized retail and floorplan
financing options for dealers nationwide. In the Dealer Finance group, the company states, Jelinek’s team has developed a specialized Dealer Support Center, an inside sales team and a core underwriting group dedicated solely to marine and RV dealers.
In addition, regional managers will continue to be appointed throughout the national marketplace over the next several months to focus on dealer
relationships and to expand National City’s presence. Current customers and those interested in learning more about National City Recreation Finance may access product and service offerings through a dedicated dealer website: http://www.NationalCityRecreationFinance.com.
Last quarter, National City announced a strategic alliance with Gulf Stream Coach, Inc., Nappanee, Ind., a towable and motorized RV manufacturer, allowing the Nappanee, Ind., company’s nearly 500 dealers to offer customers “some of the best financing options in the industry.”
“Now more than ever, families are taking their vacations here in the United States and are purchasing recreational vehicles and boats to enhance their comfort and enjoyment of their travel,” added Alan Zang, senior vice president, general manager, National City Recreation Finance. “Our goal is to work closely with our dealers to provide creative business solutions, the best retail financing options, floorplan financing and fast loan approval turnarounds to support their customers.”