Monaco Financial Services Continues Consumer Financing Program for Monaco Coach RV Customers
18 Junio 2008 - 5:00AM
Marketwired
COBURG, OR , one of the nation's leading manufacturers of
recreational vehicles, today announced the continuation of its
consumer financing relationship with GE Money for consumer
purchases of recreational vehicles (RVs). GE Money announced in May
that it would largely discontinue its RV and Marine lending, with
the exception of products eligible under the Monaco Financial
Services (MFS) consumer finance program.
Launched in June 2006, Monaco Financial Services was jointly
designed by Monaco Coach Corporation, GE Capital Solutions, and GE
Money to deliver commercial financing to Monaco's dealers and
retail financing programs for consumers. MFS supports all Monaco
dealers and retail purchases of Monaco Coach's brands, including
Monaco, Holiday Rambler, Beaver, Safari, McKenzie and R-Vision.
Kay Toolson, chairman and CEO, Monaco Coach Corporation, said,
"During the past two years, Monaco Financial Services' inventory
finance and consumer lending programs have earned a reputation for
innovation and ease of use. We are pleased to continue working with
GE Capital Solutions and GE Money to offer the proven solutions and
valuable tools that help dealers focus on selling Monaco's product
lines."
Monaco Coach Corporation's wholesale flooring business partner
GE Capital Solutions - Commercial Distribution Finance (CDF)
remains committed to growing the MFS business through specialized
business finance solutions.
"Our intent is to continue to work with the GE wholesale and
retail teams to offer the most valuable financing programs
available to the dealer body from any original equipment
manufacturer," said John Nepute, president of Monaco Coach
Corporation. "Our dealers have reported a very positive experience
when arranging RV financing through MFS, as well as high customer
satisfaction with the process."
About Monaco Coach Corporation
Monaco Coach Corporation, a leading national manufacturer of
motorized and towable recreational vehicles, is ranked as the
number one producer of diesel-powered motorhomes. Dedicated to
quality and service, Monaco Coach is a leader in innovative RVs
designed to meet the needs of a broad range of customers with
varied interests and offers products that appeal to RVers across
generations.
Headquartered in Coburg, Oregon, with substantial manufacturing
facilities in Indiana, Monaco Coach employs approximately 4300
people. The Company offers a variety of RVs, from entry level
priced towables to custom-made luxury models under the Monaco,
Holiday Rambler, Safari, Beaver, McKenzie, R-Vision and Dodge brand
names. The Company maintains RV service centers in Harrisburg,
Oregon, Elkhart, Indiana and Wildwood, Florida and operates
motorhome only resorts in California, Florida and Nevada.
Monaco Coach Corporation trades on the New York Stock Exchange
under the symbol "MNC," and the Company is included in the S&P
Small-Cap 600 stock index. For additional information about Monaco
Coach Corporation, please visit http://www.monaco-online.com/ or
http://www.trail-lite.com/.
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CONTACT: Craig Wanichek Director of Investor Relations Monaco
Coach Corporation (541) 681-8029 Email Contact
Monaco Coach (NYSE:MNC)
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