Octane Lending Inc. has announced its entrance into the trailer market. The company says it will leverage its existing network of over 4,000 dealers in the OPE and powersports markets during its initial launch. Octane will also expand its reach to dealers in adjacent markets, such as agriculture, RV and marine, which also offer trailers.
Octane’s trailer program is currently live in these states:
- North Carolina
- South Carolina
- West Virginia
The company will roll out service to more states in the coming weeks and months, it states.
“As trailer purchases are largely cash-driven and Octane is a prime lender that covers a wider range of customers than other national lenders, there is significant potential for Octane to grow its customer base while enabling deserving customers to enhance their buying power,” the company states in a press release. “This broad credit coverage also benefits dealers by allowing them to provide a path to purchase for even more customers. Through its in-house lender, Roadrunner Financial, Inc., Octane provides full-spectrum credit coverage for prime, first-time and credit-worthy customers just outside the traditional “prime” range, making financing passion purchases through Octane’s digital-to-retail experience fast, seamless, and as simple as cash.”
Jason Guess, Octane CEO, says: “We’re excited to expand our presence in outdoor power equipment to help connect even more people with their passions and fuel our customers’ lifestyles. The trailer market provides significant untapped potential for our company to grow while enabling customers and dealers to benefit from a faster, easier, and more enjoyable buying experience.”