Octane Lending Inc. has announced a multi-year partnership with Polaris to provide customers with a seamless, digital process for financing powersports vehicle purchases through its in-house lender, Roadrunner Financial. Effective January 1, 2022, Polaris dealers can take advantage of Octane’s fast and easy digital lending experience to finance Polaris Sportsman, RANGER, RZR, & GENERAL off-road vehicles, Polaris snowmobiles, Indian Motorcycles and Slingshot vehicles.
“Outdoor recreation is a growing interest with consumers,” says Polaris CFO Bob Mack. “We’re thrilled to team-up with Octane to leverage their innovative digital financing solution to provide a better lending experience for our customers and dealers and help even more people discover the joy of being outdoors.”
“It’s a privilege to partner with Polaris, a market leader in powersports, to provide an unrivaled finance experience for their extensive dealer network and loyal customer base,” adds Octane CEO Jason Guss. “Adding Polaris to our strong network of existing OEM partners will help us deliver on our mission to connect people with their passions as we transform the buying journey for major recreational purchases.”
Octane’s customer-centric digital loan origination system is dramatically improving the buying process because it makes loan applications, approvals and documentation instantaneous. Polaris dealers will benefit from Octane’s digital tools, including its soft-pull credit product, Safe Rate, and its fast, easy lending process, which allow dealers to close deals in under five minutes.
Through Roadrunner Financial, Octane provides full-spectrum credit coverage for prime, first-time, and credit-worthy customers just outside the traditional “prime” range, enabling even more enthusiasts to purchase a Polaris vehicle. Coverage can include guaranteed back-end to allow customers to finance related products like gap insurance, extended service contracts, and parts and labor. As a result of this partnership, Polaris dealers will also enjoy competitive rates and flexible terms for their customers.