Octane adds trailer financing to its powersports portfolio

The lender will finance trailers as stand-alone products

A SeaDoo watercraft sits outside a dealer in Lombard, Illinois on Wednesday, August 27, 2003. SeaDoo parent company Bombardier Inc., the world's third- biggest maker of commercial jets, agreed to sell its snowmobile and boat unit for C$1.23 billion ($880 million) to a group that includes the founder's family and Bain Capital LLC, taking another step to preserve the company's credit rating. Photographer: Tannen Maury/Bloomberg News

Octane is adding standalone trailers to its lending platform to expand its reach in an underserved market. The lender previously only financed trailers in conjunction with powersports purchases, such as a personal watercraft, Mark Davidson, co-founder and chief revenue officer of Octane, told Auto Finance News. As of today, “that’s going to change,” he said. […]

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