Synchrony to Offer Consumers Flexible
Financing on Powersports Products
STAMFORD, Conn., April 8,
2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a
premier consumer financial services company, today announced a new
partnership with BRP US Inc., a global leader in powersports and
marine products. Synchrony will now provide BRP's U.S. dealers with
installment financing options on its line of powersports
products.
Synchrony will allow BRP dealers to offer secured installment
loan products, which includes an online or in-dealership
application process, as well as flexible financing terms up to 84
months. As a result, BRP will further expand its consumers' ability
to access their preferred products. Specific products available for
financing include:
- Ski-Doo and Lynx snowmobiles
- Sea-Doo personal watercraft and pontoons
- Can-Am on and off-road vehicles
"Consumers nationwide enjoy BRP powersports products, and we
hope to aid in maintaining their loyalty while attracting new
buyers," said Darrell Owens, Senior
Vice President, Synchrony. "This partnership will make it even
easier for outdoor adventurers to follow their passions and
purchase their preferred unit, whether it's Ski-Doo, Lynx, Sea-Doo
or Can-Am products."
"Our goal is to continuously provide more ways for consumers to
own BRP products and create unforgettable experiences in the great
outdoors," said Sandy Scullion,
President, Powersports and Marine, at BRP. "We are pleased to
expand our consumers' retail financing options by welcoming
Synchrony, who has a wide selection of proven financing options and
a deep understanding of the powersports market."
All U.S. BRP dealers will have access to Synchrony's fast credit
decisioning, dealer and customer support, rapid response to
financing questions, loan contract preparation, and expedited loan
funding processes as part of Synchrony's Business Center.
About Synchrony
Synchrony (NYSE: SYF) is a premier
consumer financial services company delivering one of the
industry's most complete digitally enabled product suites. Our
experience, expertise, and scale encompass a broad spectrum of
industries, including digital, health and wellness, retail,
telecommunications, home, auto, outdoor, pet, and more. We have an
established and diverse group of national and regional retailers,
local merchants, manufacturers, buying groups, industry
associations, and healthcare service providers, which we refer to
as our "partners." We connect our partners and consumers
through our dynamic financial ecosystem and provide them with a
diverse set of financing solutions and innovative digital
capabilities to address their specific needs and deliver seamless,
omnichannel experiences. We offer the right financing products to
the right customers in their channel of choice. For more
information, visit www.synchrony.com.
About BRP
BRP Inc. is a global leader in the world of powersports products,
propulsion systems and boats built on over 80 years of ingenuity
and intensive consumer focus. Through its portfolio of
industry-leading and distinctive brands featuring Ski-Doo and Lynx
snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and
off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion
systems as well as Rotax engines for karts and recreational
aircraft, BRP unlocks exhilarating adventures and provides access
to experiences across different playgrounds. The Company completes
its lines of products with a dedicated parts, accessories and
apparel portfolio to fully optimize the riding experience.
Committed to growing responsibly, BRP is developing electric models
for its existing product lines and exploring new low voltage and
human assisted product categories. Headquartered in Quebec, Canada, BRP has annual sales of
CA$10.4 billion from over 130 countries and a global workforce of
close to 20,000 driven, resourceful people.
www.brp.com @BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are
trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their
respective owners.
Media Contacts:
Lauren Devilbiss
Synchrony
lauren.devilbiss@syf.com
Emilie Proulx
BRP
media@brp.com
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SOURCE Synchrony