Octane and Camping World Join Forces to Introduce Good Sam Powered by Octane Financing

Octane and Camping World Unveil Good Sam Powered by Octane

In a significant move set to transform the recreational vehicle (RV) financing landscape, Octane® (Octane Lending Inc.®) has partnered with Camping World Holdings, Inc. to launch Good Sam Powered by Octane. This initiative brings about an innovative Captive-as-a-Service solution designed to provide a unified and streamlined customer experience for RV enthusiasts.

As the fintech industry continues to evolve, Octane has made its mark by revolutionizing the purchasing process for powersport vehicles, RVs, and other outdoor equipment. By collaborating with Camping World, a leading dealer in outdoor recreation, the two companies aim to enhance the purchasing experience for customers even further.

What is Good Sam Powered by Octane?

Good Sam Powered by Octane is more than just a marketing initiative; it's a comprehensive financing solution. This agreement allows Camping World dealers to offer competitive rates and flexible terms, ensuring that a wide variety of customers can access financing that suits their needs. With nearly 200 locations and a robust digital presence, the partnership is poised to significantly expand origination volumes.

Under this collaboration, Octane’s in-house lender, Roadrunner Financial, Inc., will be responsible for underwriting loans, while Roadrunner Account Services, LLC will handle loan servicing. This partnership not only aims to make RV financing more accessible but also leverages Octane's advanced technology to streamline operations.

A Seamless Customer Experience

The synergy between Octane and Camping World is geared towards creating a seamless, digital financing experience for customers. By utilizing Octane’s industry-leading loan origination platform, dealers will enhance their customer acquisition methods, making sales and closing processes more efficient. Jon Vestal, Executive Vice President and General Manager of Recreational Lending at Octane, expressed that the collaboration is designed to transform the buying journey for RV enthusiasts, ensuring a fast and seamless financing experience.

Moreover, Mike Bagull, Vice President of Sales for Camping World, emphasized the importance of this partnership, highlighting their commitment to providing full-spectrum financing and digital tools to improve the overall financing process.

Mutual Benefits Beyond Financing

This Captive-as-a-Service model provides significant benefits to both Original Equipment Manufacturers (OEMs) and dealership chains. It allows them to experience the advantages of having their own financing company without undergoing the lengthy and costly setup process. Partners can expect increased profitability, tailored financing options, and a comprehensive marketing approach targeting the entire customer lifecycle. In essence, this solution equips dealers to capitalize on financing opportunities effectively.

Each financing solution can be customized to meet the specific needs of partners, leveraging Octane’s risk management capabilities and performance record. To date, Octane has issued over $4.7 billion in asset-backed securities and successfully handled loans amounting to $3.3 billion through various sales agreements.

About Octane

Founded in 2014, Octane is committed to revolutionizing recreational purchases by integrating cutting-edge technology with innovative risk strategies. Their mission is to bridge the gap between consumers and their passions, simplifying lifestyle purchases like RVs, powersport vehicles, and outdoor equipment. With over 60 OEM partner brands and more than 4,000 dealer partners, Octane is creating a community of enthusiasts supported by its editorial brands such as Cycle World® and UTV Driver®.

Octane’s approach transforms the entire customer journey—from prequalifying for financing online to ensuring smooth closings at dealerships, all while maintaining superior loan servicing.

In conclusion, the launch of Good Sam Powered by Octane marks a pivotal step towards enhancing the RV financing experience for customers across the U.S., establishing a new standard in the recreational industry. As Octane and Camping World continue to innovate, this partnership promises to deliver a full-spectrum financing experience that ultimately benefits consumers, dealers, and manufacturers alike.