BIRMINGHAM, Ala. - Motus Motorcycles announced it has secured agreements for both retail and inventory financing, the former offering low rates on the company’s newly minted 2013 models.
The deal between Motus and FreedomRoad Financial gives buyers a zero-down option and up to 84 months financing.
“Motus has an incredible new line of American sportbikes and we are thrilled that they have chosen us as their retail financing partner,” said Tom Collins, executive vice president and managing director of FreedomRoad Financial, “We look forward to establishing solid relationships with their dealers and contribute in helping Motus grow their sales as they launch in 2013.”
On the wholesale front, Motus has partnered up with GE Capital’s Commercial Distribution Finance with inventory financing to help support the new manufacturer's dealer network expansion plans. The floorplan financing will assist dealers in stocking, market and selling the new bikes and related products.
“Our deep expertise in the motorcycle sector leads us to believe that dealers are excited about advertising these new products to draw customers into dealerships,” said Neeraj Mehta, president and CEO of CDF and a GE corporate officer. “We’re glad to work with Motus to encourage innovation and drive adoption of leading-edge technologies in the growing motorsports industry.”
Posted by Dennis Johnson