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Synchrony renews retail finance partnership with Polaris

Synchrony Financial and Polaris have renewed their retail finance partnership in a multi-year agreement, the two companies announced.

Synchrony has provided retail financing and customized promotions for Polaris vehicles since 2006. The lender offers dealers access to tools such as its business center, which allows Polaris dealers to manage consumer credit applications, decisions and contract preparation. Dealers can also access industry-specific training information through Synchrony’s online learning center.

“We are committed to providing Polaris dealers with flexible financing offers, leading technology, and innovative products to help them run their business more efficiently,” Neeraj Mehta, chief executive of payment solutions at Synchrony, said in a press release.

Polaris is currently running its Factory Authorized Clearance promotion for off-road vehicles and snowmobiles. The OEM is offering varying rebates and financing as low as 3.99% for 36 months for prior year model UTVs and ATVs. Snowmobile promotions include rebates with financing as low as 0% for 12 months. All promotions are valid until Oct. 31.

Polaris also works with FreedomRoad Financial to finance Indian Motorcycles through Performance Finance. Synchrony’s other OEM partners include Vanderhall Motorworks, Mahindra, Suzuki and KTM.

Join us for Powersports Finance Summit 2019, October 23-24, at the Hilton San Diego Bayfront. At the Summit, lenders and dealers will have the opportunity to learn new information that will help their business grow, discuss the latest industry data and trends, and network to form new relationships with fellow attendees and vendors. Register now at www.powersportsfinance.net.

Matthew Wood

Matt Wood is the Associate Editor of PowerSports Finance, where he is responsible for covering all the latest news, trends, and innovations with powersports lenders and dealerships. Previously, Matt was a writer for Auto Finance News before switching full-time to PowerSports Finance. He is also an experienced entertainment news writer covering pop culture, movies, and TV shows. Matt received his Bachelor’s degree in Communication from Rowan University in New Jersey.

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