Ally Chosen as Wholesale Finance Provider for RV Manufacturer
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DETROIT — An RV manufacturer recently selected Ally Financial
as an additional provider for dealer inventory financing in the U.S.
Officials explained Ally will participate in Forest River's
interest reimbursement program for RV dealers obtaining wholesale financing
from Ally. Forest River has manufacturing sites in six states and supplies
independent dealers in the United States and Canada.
Ally highlighted eligible dealers can receive an interest rebate
from Forest River for units sold to retail customers within 90 days of invoice.
"Ally Financial is a
proven financial services provider with nationwide scale for the U.S. RV
industry, and we are pleased to develop this relationship for our dealer
network," Forest River chief financial officer Joseph Greenlee said.
In addition to wholesale financing, Ally revealed it will
also offer dealer real estate and commercial loans, inventory insurance,
remarketing services for RV trade-ins and consumer financing to support new
and used RV sales.
"Forest River is a quality manufacturer that expects a world
class financing experience with attractive terms," stated Mark Manzo, Ally's vice
president of alliance sales.
"We have the infrastructure and capabilities to meet those
needs, and Ally welcomes the opportunity to grow its RV portfolio while serving
Forest River dealers and their customers," Manzo added.