Alumacraft Boat Co. announced an agreement with Honda Marine to provide a new inventory finance program for dealers purchasing Alumacraft boats outfitted with Honda outboard marine engines. Financing will be provided through Northpoint Commercial Finance.
The inventory finance program, also known as floorplan financing, will provide Alumacraft dealers with extremely competitive terms and the ability to better manage their cash flow. Instead of leveraging their own working capital for purchases of Alumacraft boats outfitted with Honda outboard marine engines, dealers can draw on their Northpoint line of credit to fund purchases.
“Alumacraft, Honda Marine and Northpoint share a commitment to meet the financing needs of our dealers and support their continued growth,” said James R. Irwin, president of Alumacraft. “We are excited to offer our dealers a customized program which will reduce their combined boat, motor, and trailer package financing cost while allowing them to carry a large selection of Alumacraft boats and Honda marine engines.”
Honda exclusively features 4-stroke outboard engine technology for high fuel efficiency, quiet operation, and low emissions. Honda Marine outboards share the same unparalleled durability, quality, and reliability of its legendary automobiles.
Mark DiPietro, senior manager of Honda Marine stated, "Honda welcomes the opportunity to provide Alumacraft’s dealers with outboard marine engines that deliver best-of-class features as well as assisting dealers with financing options which will increase their profitability."