Bank of America Specialty Group Receives Preferred Lender Designation from Winnebago
Winnebago Industries, one of the most recognized names in motorhome manufacturing and leisure travel, has named Bank of America Specialty Group as its "preferred lender" and the exclusive lender for the Winnebago Industries Financial Services (WFS) inventory
financing program.
The two companies announced the partnership at the 38th Annual National Recreational Vehicle Industry Association (RVIA) Trade Show being held in Louisville, Ky.
"Winnebago Industries is a premier brand in the RV industry, and we wanted a financing partner with the brand strength, product depth and
distribution to serve the needs of our dealers and our retail customers," said Jim Jaskoviak, Winnebago Industries vice president of sales and marketing. "With more than 360 dealers in the U.S. and Canada, Bank of America Specialty Group offers us unparalleled convenience and a very competitive program."
The WFS inventory financing program awarded to Bank of America will be available to more than 360 RV dealers and offers Winnebago Industries
dealers below prime rate financing, or typically lower than standard RV
industry rates.
"Winnebago Industries and Bank of America Specialty Group are two of the most recognized names in the RV industry and Bank of America is excited to be selected as the exclusive lender for the WFS program," said Chuck Baynard, Bank of America Specialty Group president. "We have a history of commitment to the RV industry, that coupled with quality products and services, allows Bank of America Specialty Group to make banking work for dealers in ways it never has before."
For more information on Winnebago Industries, Inc., visit www.winnebagoind.com.
More F&I
Modern Technology Objection Handling
In this video, Trent White shares how to confidently handle technology-based objections by helping customers understand the value of protection, even with modern vehicle technology.
Read More →
Consistency at Scale: Driving F&I Performance
With 75 rooftops across the Sunshine State, Morgan Auto Group has proven to Floridians that it knows a thing or two about driving performance in a competitive market. But it didn’t start at the top.
Read More →
Gitty Up on GAP
The foundational finance-and-insurance product hasn’t kept up with the latest conditions for auto dealers. Is the time ripe?
Read More →
How AI-Powered Coaching Is Transforming F&I Performance
See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability
Read More →
Sell Value, Build Trust
In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.
Read More →
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Double the Change, Double the Chance
When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →