Yamaha creates Interest Deferral Program for dealers
KENNESAW, Ga. – Yamaha Marine Group has created a program designed to help its full-line outboard dealers improve cash flow during the winter months, it reported in a recent statement.
Effective immediately, the Yamaha Marine Interest Deferral Program allows authorized participating dealers to defer bill the interest due on eligible boxed Yamaha outboards in inventory already under interest payment to GE-Atlanta as of Nov. 25, the company stated. In addition, as a retail incentive for the boat show season, Yamaha will apply an interest credit to the dealers’ GE-Atlanta account for eligible Yamaha outboards sold, retail-registered and paid off in full to GE-Atlanta during the applicable deadlines.
Yamaha Boat Companies Skeeter Boats, G3 Boats and Century Boats will also offer an Interest Deferral Program to their dealers for eligible boats in dealer inventory based on similar terms and conditions.
“During these tough times, we know interest expenses on unsold inventory are a challenge for our dealers,” said Yamaha Marine Group President Phil Dyskow. “At the recent MRAA conference, many dealers challenged manufacturers to do something to help; well, this is Yamaha’s answer.”
To be authorized to participate, eligible Yamaha full-line dealers must sign up for the program on or before Dec. 15. Additional terms, conditions and procedures apply.
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