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GE Money and Arctic Cat Rev Up New Revolving and Installment Credit Program.


Consumer Financing Available at Dealers Nationwide

ST. PAUL St. Paul

as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26]

See : Bravery
, Minn. -- GE Money's Sales Finance unit and Arctic Cat Arctic Cat is a producer of all-terrain vehicles and snowmobiles in the United States. Located in Thief River Falls, Minnesota, they are a top competitor with other snowmobile companies such as Polaris, Ski-Doo by Bombardier, and Yamaha Motor Company Ltd.. , one of the world's leading manufacturers of snowmobiles and all-terrain vehicles (ATVs), today announced a new consumer financing agreement, beginning April 9.

Arctic Cat will offer installment and revolving credit Revolving Credit

A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs.
 programs available at hundreds of Arctic Cat dealers in the U.S. GE Money currently has a successful relationship with Arctic Cat in Canada. The installment loan Noun 1. installment loan - a loan repaid with interest in equal periodic payments
installment credit

consumer credit - a line of credit extended for personal or household use

loan - the temporary provision of money (usually at interest)
 program is called Arctic Cat Financing, while the revolving program will utilize the new Cat Card credit card.

"This is a very important new sales and marketing tool for our dealers," said Rick Stokke, a national sales manager sales manager ngerente m/f de ventas

sales manager ndirecteur commercial

sales manager sale n
 for Arctic Cat, one of the only two U.S. snowmobile makers. "We want to empower our customers and make it easier for dealers to close more sales. We're anticipating that a lot of sales energy will be created through our new financing program."

Arctic Cat's financing program will enable dealers to offer special financing terms, including seasonal promotions, designed to generate sales momentum. Fast credit decisions and simple paperwork will help dealers keep customers in the store, and dealers also will benefit from Internet-based financing management tools.

"We're providing Arctic Cat with a flexible program that will help generate more sales of units and accessories," said Greg Pierce, vice president and general manager, Power Products, for GE Money - Sales Finance. "The excitement of a new Arctic Cat snowmobile or ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum.

(2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads.
, coupled with an easy financing program is a powerful marketing combination."

ABOUT ARCTIC CAT

Arctic Cat, Inc., produces all-terrain vehicles and snowmobiles under the Arctic Cat brand name. The company also produces related parts, garments and accessories. Based in Thief River The Thief River is a tributary of the Red Lake River in northwestern Minnesota in the United States. Via the Red Lake River, the Red River of the North, Lake Winnipeg and the Nelson River, it is part of the watershed of Hudson Bay.  Falls, Minn., the company has annual revenues in excess of $700 million and sells throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and Canada, as well as in Europe, the Middle East, Asia and elsewhere. For more information about Arctic Cat, visit www.arcticcat.com.

ABOUT GE MONEY AND SALES FINANCE

Sales Finance, based in Kettering, Ohio Kettering is a city in Greene and Montgomery Counties in the U.S. state of Ohio. It is a suburb of nearby Dayton. As of the 2000 census, the city had a total population of 57,502. The city incorporated in 1955 from the former Van Buren Township and is named for inventor Charles F. , is part of GE Money, formerly GE Consumer Finance. The Sales Finance division provides private label credit card programs, marketing, installment lending, service contracts and financial services for national and regional retailers, dealers, manufacturers and service providers in more than 20 industries including: powersports, home improvement, home utility, furniture, floor covering, sporting goods, outdoor power equipment, automotive, recreational vehicles, consumer electronics and appliances, marine, music, jewelry, and health care.

With $190 billion in assets, GE Money, a unit of General Electric Company (NYSE NYSE

See: New York Stock Exchange
: GE), is a leading provider of credit services to consumers, retailers and auto dealers in more than 54 countries. GE Money, based in Stamford, Conn., offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found online at www.gemoney.com.

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 13, 2007
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