Deals just became easier for Triumph dealers as the 2020 pilot program with Ironhorse Funding has become a multi-year financing program agreement. Triumph Motorcycles America has officially contracted with the lending and servicing company to empower the U.S. Triumph dealer network to offer additional financing options to their customers.
“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.”
Triumph dealers now have access to multiple finance options to make new units 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.
“As the economy recovers, credit challenges are likely to increase for many Americans,” notes Triumph GM Rod Lopusnak. “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.”