Yamaha Announces Interest Deferral Program

Discussion in 'Industry News' started by iMacattack, Dec 23, 2008.

  1. iMacattack

    iMacattack busy, too busy

    4,674
    193
    2,268
    Contacts: Martin Peters
    Manager, Communications
    Yamaha Marine Group
    (770) 420-5829
    FOR IMMEDIATE RELEASE

    Yamaha Announces Interest Deferral Program for Dealers

    Kennesaw, Ga. - December 3, 2008 – Yamaha Marine Group announced today a program designed to help its full-line outboard dealers improve cash flow during the winter months. 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 November 25, 2008.

    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 December 15, 2008. Additional terms, conditions and procedures apply.

    Yamaha Marine Group, based in Kennesaw, Ga., supports its 2,200 U.S. dealers and OEM partners with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA’s C.S.I. Customer Satisfaction Index award every year since its inception. Visit www.yamahaoutboards.com.
    ###

    *GE-Atlanta is GE Commercial Distribution Finance – Atlanta.

    This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only, and are not intended to be an endorsement.