WINSTON-SALEM, N.C., April 8,
2024 /PRNewswire/ -- Sheffield Financial, a division
of Truist Bank, and BRP US Inc. (BRP) are pleased to announce
the renewal of their long-term retail financing agreement in
the United States. This extends a
partnership that began in 2009, reaffirming both parties'
dedication to providing competitive financing options to BRP
dealers and customers.
With over 30 years in equipment lending, Sheffield Financial's
retail financing is a proven platform for streamlined financing of
BRP powersport products. BRP dealers benefit from seven days a week
"live" dealer support, competitive rates, rapid funding, and
flexible loan terms, enhancing their customers' buying experience
with clear, competitive, and fast financing.
BRP dealers have access to Sheffield Financial's newest
technology, including a mobile-friendly online prequalification and
a unique dealer URL and QR code. These tools can seamlessly
integrate across various marketing channels, including websites,
text messages, emails, showroom hang tags, and more. BRP customers
benefit from a fast online prequalification decision with no impact
to their credit, enabling them to effortlessly transition to formal
financing, either online or at a BRP dealer.
"As a trusted BRP partner, Sheffield Financial is excited to
continue offering innovative financing options that drive growth
and success for BRP dealers and enhances the purchasing experience
for BRP powersport and marine enthusiasts," said Susan Andersson, Head of National Accounts at
Sheffield Financial.
"Going on 15 years of partnership with BRP and our dealers,
Sheffield has helped a wide range
of consumers and outdoor enthusiast access ownership of our
industry-leading products and create memories with their friends
and family," said Sandy Scullion,
President, Powersports and Marine, at BRP. "We look forward to
continuing working with Sheffield
to offer financing products that are competitive and that elevate
the experience at the dealership."
The agreement renewal between Sheffield Financial and BRP
represents a significant milestone in the long-term partnership,
setting the stage for continued mutual growth together. BRP dealer
and customers can expect continued innovative retail financing
options from Sheffield Financial as they explore the outdoors with
BRP products.
About Sheffield Financial
Sheffield Financial, a
division of Truist Bank, Member FDIC, is a trusted leader in
providing simple, easy and fast installment financing to the
powersports, marine, compact tractor, outdoor power equipment, and
trailer industries. Founded over 30 years ago, Sheffield Financial
has grown into a powerhouse serving hundreds of leading brands and
financing millions of customers across the USA. Backed by Truist Bank, one of the largest
financial service holding companies in the USA, Sheffield Financial offers innovative
financial options, friendly service and simple, easy and fast
retail financing to help manufacturers and dealers drive more
retail sales. Learn more at Sheffield Financial.
About Truist
Truist Financial Corporation (NYSE: TFC)
is a purpose-driven financial services company committed to
inspiring and building better lives and communities. As a leading
U.S. commercial bank, Truist has leading market share in many of
the high-growth markets across the country. Truist offers a wide
range of products and services through our wholesale and consumer
businesses, including consumer and small business banking,
commercial banking, corporate and investment banking, insurance,
wealth management, payments, and specialized lending businesses.
Headquartered in Charlotte, North
Carolina, Truist is a top-10 commercial bank with total
assets of $535 billion as of
December 31, 2023. Truist Bank,
Member FDIC. Learn more at Truist.com.
About BRP
BRP Inc. is a global leader in the world of
powersports products, propulsion systems and boats built on over 80
years of ingenuity and intensive consumer focus. Through its
portfolio of industry-leading and distinctive brands featuring
Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons,
Can-Am on and off-road vehicles, Alumacraft and Quintrex boats,
Manitou pontoons and Rotax marine
propulsion systems as well as Rotax engines for karts and
recreational aircraft, BRP unlocks exhilarating adventures and
provides access to experiences across different playgrounds. The
Company completes its lines of products with a dedicated parts,
accessories and apparel portfolio to fully optimize the riding
experience. Committed to growing responsibly, BRP is developing
electric models for its existing product lines and exploring new
low voltage and human assisted product categories. Headquartered in
Quebec, Canada, BRP has annual
sales of CA$10.4 billion from over 130 countries and a global
workforce of close to 20,000 driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are
trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their
respective owners.
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SOURCE Sheffield Financial