Northpoint Commercial Finance Forms New Alliance with Yanmar America for Exclusive Dealer Financing
Strategic Partnership: Northpoint and Yanmar America
In a significant move for both companies, Northpoint Commercial Finance has officially partnered with Yanmar America to provide exclusive financing solutions for Yanmar’s Rural Lifestyle Group. This collaboration is set to enhance the financial support available to dealers in the agricultural and utility vehicle sectors.
Who are Northpoint and Yanmar?
Northpoint Commercial Finance, based in North America, is recognized for its diverse financing solutions, focusing primarily on inventory lending and floorplan financing. Their approach involves offering flexible, customizable financial solutions catered to their clients’ specific needs. Backed by the Laurentian Bank of Canada, Northpoint boasts a reputation for solid, innovative financing practices that align with evolving market demands.
On the other hand, Yanmar America is the regional arm of the Yanmar Group, a leader in the design and manufacturing of high-performance diesel engines and agricultural machinery. Established over a century ago, Yanmar has earned a formidable reputation in the industry as a supplier of dependable and high-quality machinery and engines.
Details of the New Partnership
The partnership will see Northpoint become the exclusive financier for Yanmar's Rural Lifestyle Group, which focuses on manufacturing and wholesaling tractors and utility vehicles. This new alliance will allow for flexible financing options, providing customized terms tailored to the needs of Yanmar’s dealers.
According to Dan Radley, President and CEO of Northpoint, this partnership is an exciting opportunity to collaborate with a reputable brand like Yanmar. Radley emphasized that the unique financial solutions provided by Northpoint will enhance Yanmar’s market offerings and strengthen customer relations across the dealer network.
Jeff Albright, President of Yanmar America, echoed this sentiment, noting that the collaboration will significantly benefit dealers. By addressing their financial needs, Yanmar aims to boost sales while ensuring the profitability of their dealership network across North America.
Looking Forward
As the partnership unfolds, both companies are poised to strengthen their standing in the marketplace. Northpoint’s extensive knowledge in the financing sector combined with Yanmar’s exceptional product lineup creates a powerful synergy designed to support dealer growth and customer satisfaction.
The future looks promising for the Rural Lifestyle Group, backed by a dedicated support team and flexible financing options that will empower dealers to respond swiftly to customer needs and market changes. The focus on collaboration ensures that both Northpoint and Yanmar remain at the forefront of the industry, delivering innovative solutions that set them apart from competitors.
In summary, this collaboration marks a pivotal step for both Northpoint and Yanmar as they work together to create value for their dealers. With a commitment to excellence and a shared vision for the future, the partnership is destined to thrive, revolutionizing the financing landscape in the rural lifestyle sector.