BRP, Valcourt, Québec, has formed an agreement with National Bank Financial Group to provide promotional retail financing for its dealers throughout Canada.
The agreement enables Canadian dealers who carry Sea-Doo watercraft and boats, Evinrude outboard engines as well as Ski-Doo snowmobiles, and Can-Am ATV, side-by-side vehicles and roadsters to offer additional competitive retail financing options with expedited approval processes.
“We continue to leverage our relationships with key lending institutions to provide our dealer network the best options for financing when selling our products,” said Yves Leduc, Vice-President of BRP’s North America division. “Retailers still face many challenges when securing retail financing options for customers. National Bank Financial Group is now a key resource that will ease the selling process for our dealers.”
Ted Quinn, General Manager of Quinn’s Marina in Pefferlaw Ontario thinks the agreement will benefit BRP’s dealers. “National Banks rates are very competitive and their kickbacks to the dealer are better than most other options,” he explains. “This arrangement will mean that BRP’s dealers who are not already using an online portal to arrange financing for their customers will soon be set up to do so, which will streamline the paperwork process.”
Quinn says that while the arrangement means that all Sea-Doo dealers will be offering National Bank retail financing options to their customers, it doesn’t prevent them from offering consumer financing options from other sources.