Sheffield Financial and Polaris extend multi-year retail financing partnership
Sheffield Financial, a Truist Bank division, and Polaris Inc. (PII) have extended their retail financing partnership that began in 2009. The multi-year renewal aims to provide customer-friendly installment financing options for Polaris dealers nationwide.
The partnership offers dealers access to Sheffield's comprehensive financing solutions including:
- Digital tools with prequalification technology and QR codes
- Fast approvals and simple customer-friendly contracting
- Flexible financing options for new and pre-owned powersports products
- Seven-day-a-week access to powersports-specialist underwriters
The extension reinforces both companies' commitment to providing innovative financial tools and exceptional service to support dealer operations and facilitate customer purchases of Polaris powersports vehicles.
Sheffield Financial, una divisione di Truist Bank, e Polaris Inc. (PII) hanno rinnovato la loro partnership per il finanziamento al dettaglio, iniziata nel 2009. Il rinnovo pluriennale ha l'obiettivo di offrire opzioni di finanziamento rateale vantaggiose per i concessionari Polaris in tutto il paese.
La partnership offre ai concessionari accesso a soluzioni di finanziamento complete di Sheffield, tra cui:
- Strumenti digitali con tecnologia di prequalificazione e codici QR
- Approvazioni rapide e contratti semplici e a misura di cliente
- Opzioni di finanziamento flessibili per prodotti powersport nuovi e usati
- Accesso sette giorni su sette a sottoscrittori specializzati nel settore powersport
Il rinnovo rafforza l'impegno di entrambe le aziende nel fornire strumenti finanziari innovativi e un servizio eccezionale per supportare le operazioni dei concessionari e facilitare gli acquisti dei veicoli powersport Polaris da parte dei clienti.
Sheffield Financial, una división de Truist Bank, y Polaris Inc. (PII) han ampliado su asociación de financiamiento minorista que comenzó en 2009. La renovación por varios años tiene como objetivo proporcionar opciones de financiamiento a plazos amigables para los concesionarios de Polaris en todo el país.
La asociación ofrece a los concesionarios acceso a las soluciones de financiamiento integrales de Sheffield, que incluyen:
- Herramientas digitales con tecnología de precalificación y códigos QR
- Aprobaciones rápidas y contratos simples y amigables para el cliente
- Opciones de financiamiento flexibles para productos powersport nuevos y usados
- Acceso siete días a la semana a suscriptores especializados en powersport
La extensión refuerza el compromiso de ambas empresas de proporcionar herramientas financieras innovadoras y un servicio excepcional para apoyar las operaciones de los concesionarios y facilitar las compras de vehículos powersport Polaris por parte de los clientes.
셰필드 파이낸셜은 트루이스트 은행의 한 부서로, 폴라리스 주식회사 (PII)와 2009년에 시작된 소매 금융 파트너십을 연장했습니다. 이번 다년간의 갱신은 전국 폴라리스 딜러에게 고객 친화적인 할부 금융 옵션을 제공하는 것을 목표로 하고 있습니다.
이 파트너십은 딜러에게 셰필드의 종합 금융 솔루션에 대한 접근을 제공합니다. 여기에는:
- 사전 자격 기술과 QR 코드가 포함된 디지털 도구
- 신속한 승인과 고객 친화적인 간단한 계약
- 신규 및 중고 파워스포츠 제품에 대한 유연한 금융 옵션
- 파워스포츠 전문 인수인의 주 7일 접근 가능
이번 연장은 두 회사가 혁신적인 금융 도구와 뛰어난 서비스를 제공하여 딜러 운영을 지원하고 고객의 폴라리스 파워스포츠 차량 구매를 촉진하겠다는 의지를 강화합니다.
Sheffield Financial, une division de Truist Bank, et Polaris Inc. (PII) ont prolongé leur partenariat de financement de détail qui a débuté en 2009. Le renouvellement pluriannuel vise à offrir des options de financement par versements favorables aux clients pour les concessionnaires Polaris à l'échelle nationale.
Le partenariat offre aux concessionnaires un accès aux solutions de financement complètes de Sheffield, notamment :
- Outils numériques avec technologie de préqualification et codes QR
- Approbations rapides et contrats simples et conviviaux
- Options de financement flexibles pour des produits de powersport neufs et d'occasion
- Accès sept jours sur sept à des souscripteurs spécialisés dans les powersports
Cette extension renforce l'engagement des deux entreprises à fournir des outils financiers innovants et un service exceptionnel pour soutenir les opérations des concessionnaires et faciliter les achats de véhicules de powersport Polaris par les clients.
Sheffield Financial, eine Abteilung der Truist Bank, und Polaris Inc. (PII) haben ihre Einzelhandelsfinanzierungspartnerschaft, die 2009 begann, verlängert. Die mehrjährige Erneuerung zielt darauf ab, kundenfreundliche Ratenfinanzierungsoptionen für Polaris-Händler im ganzen Land anzubieten.
Die Partnerschaft bietet den Händlern Zugang zu den umfassenden Finanzierungslösungen von Sheffield, einschließlich:
- Digitale Werkzeuge mit Vorqualifikationstechnologie und QR-Codes
- Schnelle Genehmigungen und einfache, kundenfreundliche Verträge
- Flexible Finanzierungsoptionen für neue und gebrauchte Powersport-Produkte
- Wochentags Zugang zu spezialisierten Underwritern im Bereich Powersport
Die Verlängerung verstärkt das Engagement beider Unternehmen, innovative Finanzinstrumente und außergewöhnlichen Service bereitzustellen, um die Händlerbetriebe zu unterstützen und den Kunden den Kauf von Polaris-Powersportfahrzeugen zu erleichtern.
- Long-term partnership renewal ensures stable financing options for dealers
- Digital tools and seven-day support enhance dealer sales efficiency
- Flexible financing options for both new and pre-owned vehicles expand market reach
- None.
Insights
The extension of Sheffield Financial's retail financing partnership with Polaris represents business continuity rather than a transformative development for the powersports manufacturer. This renewal preserves a financing channel established in 2009 that supports Polaris's dealer network with installment options for customers.
In the powersports sector, where vehicle purchases often range from
The endorsement from Polaris's CFO Bob Mack signals the strategic relevance of this relationship to the company's financial operations. However, the announcement lacks critical details regarding exclusivity arrangements, financial terms, or the partnership's quantitative contribution to Polaris's sales volume.
This partnership likely represents one component of Polaris's broader financing strategy rather than an independent growth catalyst. Without Sheffield's services, Polaris would need to secure alternative financing partners to maintain sales velocity, potentially disrupting dealer operations temporarily.
The partnership's digital tools may incrementally improve customer experience through features like prequalification without credit impact, but these represent evolutionary rather than revolutionary enhancements to an established sales enablement function.
Polaris dealers benefit from this partnership with access to Sheffield Financial's nationwide installment financing, digital tools and service, including:
- Dealer-focused technology: Sheffield's online dealer portal provides Polaris dealers digital tools like prequalification technology and QR codes, allowing customers to check their buying power online without affecting their credit and easily transition to formal financing at a Polaris dealer.
- Speed and simplicity: Sheffield's financing offers speed and simplicity to finance and insurance departments of all sizes. With fast approvals, simple customer-friendly contracting and quick funding, Polaris dealers can efficiently close sales seven days a week.
- Flexible financing options: For both new and pre-owned Polaris powersports products, Sheffield provides clear, competitive and flexible installment financing options that help Polaris enthusiasts purchase their next powersports vehicle with affordable monthly payments.
- Dedicated dealer support: Polaris dealers have access to Sheffield's powersports-specialist underwriters seven days a week, ensuring dealers have the support they need to finalize sales quickly.
"Polaris is a valued partner in our mission to deliver a flexible, convenient and friendly financing experience to powersports customers," said Susan Andersson, head of national accounts at Sheffield Financial. "This extended partnership reflects our shared commitment to providing innovative tools and exceptional service to Polaris dealers and helping customers bring their Polaris powersports adventure to life."
"Sheffield has been a reliable partner for Polaris, offering a range of fast and flexible financing tools tailored to the specific needs of our diverse dealer network. Extending this relationship highlights our commitment to providing our dealers with competitive financial solutions that support our shared growth," said Bob Mack, Chief Financial Officer and Executive Vice President, Finance & Corporate Development, Polaris.
About Sheffield Financial
Sheffield Financial, a division of Truist Bank, Member FDIC, is a trusted leader in providing simple, easy and fast installment financing to the marine, powersports, compact tractor, outdoor power equipment, and trailer industries. Founded 32 years ago, Sheffield Financial has grown into a powerhouse serving hundreds of leading brands and financing millions of customers across the USA. Backed by Truist Bank, one of the largest financial service holding companies in the USA, Sheffield Financial offers innovative financial options, friendly service and simple, easy and fast retail financing to help manufacturers and dealers drive more retail sales. Learn more at SheffieldFinancial.com.
About Truist
Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspiring and building better lives and communities. As a leading
About Polaris
As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris' high-quality product line-up includes the RANGER, RZR and Polaris XPEDITION and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Headquartered in
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SOURCE Sheffield Financial
FAQ
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