Vanderhall Motorworks named Synchrony Financial its preferred retail lender. Synchrony will provide finance options for Vanderhall’s dealer network and its lineup of autocycles, including the brand-new Carmel Roadster and all-electric Edison 2.
“As an emerging OEM, having a solid partner that our dealers are able to count on for consumer financing is vital for the success of our brand,” Vanderhall’s Director of Marketing Daniel Boyer told Powersports Finance. “Synchrony has a full suite of F&I tools that will aid our dealers in deal creation and financing of additional services.”
These tools include an Installment Loan Estimator, which helps consumers determine monthly payment based on the promotional financing offer they choose.
The Synchrony deal is Vanderhall’s first retail finance partnership. Through Synchrony, Vanderhall will launch finance promotions for its dealer base. Boyer declined to detail what those offers will be.
Wells Fargo CDF provides Vanderhall’s floorplan financing. Synchrony works with nine other powersports OEMs, including Polaris Industries, CFMOTO USA, Suzuki, and Kawasaki.
Founded in 2010, Provo, Utah-based Vanderhall specializes in the manufacturing of three-wheeled, open-air autocycles. It has four models of roadsters, which feature a unique blend of automotive and powersports technology. The OEM had 42 dealers as of October 2018.