KTM Renews Consumer Financing Program with GE Money
GE Money, the consumer lending unit of General Electric Company, and powersports vehicle manufacturer KTM North America Inc. announced Monday a multi-year extension of their consumer financing agreement, which was originally established in 2002.
KETTERING, OHIO and MURRIETA, CALIF. — GE Money, the consumer lending unit of General Electric Company, and powersports vehicle manufacturer KTM North America Inc. announced Monday a multi-year extension of their consumer financing agreement, which was originally established in 2002.
The KTM installment program, which is available at 375 KTM dealers nationwide and managed by GE Money’s sales finance unit, allows consumers to finance KTM vehicles with affordable monthly payments and competitive interest rates.
“With the economic struggles our industry has seen, a solid retail finance offer is more important than ever,” said Jon-Erik Burleson, president for KTM North America. “We are focused on a partnership that brings competitive financing offers to customers interested in buying a KTM.”
As part of the renewal, KTM dealers will use GE Money’s Web-based finance management portal, the Business Center, to manage their credit programs and better serve their customers.
“We’re pleased to continue working with KTM by providing an installment financing program that supports the needs of their dealer network in the United States,” said Stephen Motta, vice president of GE Money’s sales finance unit. “This financing program offers riders the ability to experience the excitement and performance of the KTM brand, together with the comfort of a monthly payment that is fixed for the life of their loan.”
More Auto Finance
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →