Triumph Motorcycles America Contracts with Ironhorse Funding
Triumph Motorcycles America and Ironhorse Funding today announce their multi-year financing program agreement. After a successful pilot program in 2020, Triumph Motorcycles America has officially contracted with the lending and servicing company as a financing resource to empower the U.S. Triumph dealer network to offer additional financing options to their customers.
Enrolled Triumph dealers will have access to multiple finance options that make new Triumph motorcycles available to subprime borrowers. Under the initial program, special finance options are available to subprime borrowers such as reduced required down payments, lower interest rates, and expanded front-end advances. Ironhorse Funding provides dealer support seven days a week.
“We’ve already seen the mutual success of this relationship with the dealers that participated in the pilot and we are thrilled to begin working with more U.S. Triumph dealers,” said Jon Krumdick, COO of Ironhorse Funding. “Our goal is to become the preferred provider of nonprime and subprime financing for Triumph dealerships and we look forward to working with Triumph leadership to continue to expand our offerings and support as we grow this relationship.”
As the economy recovers, credit challenges are likely to increase for many Americans. This program is expected to be a valuable tool to Triumph dealers’ retail financing offerings as it will help increase opportunities to approve lending for customers who are just out of reach of traditional prime lending options.
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For further information, contact Gina D’Ambrosio at gina.dambrosio@triumphmotorcycles.com
ABOUT TRIUMPH MOTORCYCLES
First established in 1902, Triumph Motorcycles celebrated 118 years of motorcycle manufacture in 2020. For more than three decades, Triumph Motorcycles has been based in Hinckley, Leicestershire in the United Kingdom, and has produced iconic bikes that perfectly blend authentic design, character, charisma, and performance.
Building around 60,000 bikes per year, Triumph is the largest British motorcycle manufacturer and has around 650 dealers worldwide.
This focus, innovation, and engineering passion have today created a broad range of bikes suited to all motorcycle riders, including the stunning new Trident 660, world-leading Rocket R and GT, epic Tiger 900, new higher performance Street Triple 1200 RS, iconic Scrambler 1200, Speed Triple, transcontinental Tiger 1200, iconic Triumph Bonneville family including the sporty Speed Twin, Bonneville Bobber, legendary Thruxton, accessible Street Twin, Street Scrambler and iconic Bonneville T120 and T100.
Triumph currently employs around 1,800 personnel worldwide and has subsidiary operations in the UK, North America, France, Germany, Spain, Italy, Japan, Sweden (Scandinavia), Benelux, Brazil, India, China and Thailand as well as a network of independent distributors. Triumph has manufacturing facilities in Hinckley, Leicestershire, and Thailand plus CKD facilities in Brazil and India.
ABOUT IRONHORSE FUNDING
Ironhorse Funding delivers access to the most comprehensive and efficient nonprime and subprime finance programs in the motorcycle, powersports, RV, and marine industries. They provide a full suite of services to dealers, distributors, and OEMs in these markets.
For over fifteen years, their team has been focused on creating and offering access to financing programs so their clients can approve customers of every credit profile and supporting those programs with exceptional customer service.
Currently operating in 30 U.S. states, Ironhorse Funding is undergoing a national expansion roll-out that is expected to have them operating nationwide by Q2 2021.
Ironhorse Funding has originated over 75,000 accounts and currently manages more than $69mm in consumer retail installment loans and leases.
For further information about Ironhorse Funding, contact Amy O’Hare at aohare@vxq.694.myftpupload.com.