Polaris signs five-year deal with Sheffield Financial


Polaris Industries has signed a five-year installment financing contract with Sheffield Financial, effective April 1, 2011.

The contract covers exclusive installment financing for Polaris' snowmobiles, ATVs, Ranger side-by-side vehicles and Breeze Electric golf cars.

"We at Sheffield are extremely pleased with the confidence Polaris has placed in us to offer financing products to its customers," said Jack Snow, Sheffield Financial president. "It's an honor to expand our presence in the powersports industry with such a strong partner and proven market leader as Polaris."

The agreement will expand Sheffield’s market in the powersports industry by providing installment lending services to Polaris dealers. It also provides an opportunity to expand Sheffield's work force.

Sheffield signed its first contract with Polaris in February 2009 to provide installment loans to its customers.

"Sheffield has proven this relationship is one that we can count on to handle our customers' financing needs while offering exceptional service to our dealer network," said Polaris VP and CFO Michael W. Malone.

Posted by Holly Wagner