Sheffield Financial and Tohatsu America Corporation Announce Agreement on Retail Financing Program
Posted: October 19, 2021 at 9:00 a.m. CDT|Update: 1 hour ago
WINSTON-SALEM, North Carolina, October 19, 2021 / PRNewswire / – Sheffield Financial, a division of Truist Bank, a member of the FDIC and Tohatsu America Corporation (Tohatsu), recently entered into a multi-year financing services program agreement. Tohatsu offers a full line of four-stroke outboard motors ranging from 2.5 to 250 horsepower.
The agreement allows Sheffield to provide loan services to Tohatsu customers through the Tohatsu dealer network. The contract covers the tiered financing of Tohatsu outboard motors and boat packages that include Tohatsu motors.
“We are proud of the opportunity to partner with a reputable and trustworthy financial institution,” said John Adam, Managing Director of Tohatsu America Corporation. “Our work begins with understanding the needs of our customers, and with the help of Sheffield Financial, we can now provide our dealers and customers with reliable financial solutions.”
“We are delighted to announce our new relationship with Tohatsu, a manufacturer of high quality outboard motors,” said Jeff McKay, CEO of Sheffield Financial and Head of Point of Sale Loans for Truist. “Sheffield is committed to providing exceptional service to support Tohatsu’s dealer network and customers with simple and innovative financing options.”
About Sheffield Financial
Winston-Salem, North CarolinaSheffield Financial is a division of Truist Bank, a member of the FDIC, which is a subsidiary of Truist Corporation (NYSE: TFC). Sheffield, which has funded more than $ 30 billion on loan since its founding in 1992, currently serves more than 15,000 outdoor power equipment, powersports and trailer dealers nationwide. The company offers retail financing options in all 50 states for outdoor power equipment, trailers, and powersports equipment, such as snowmobiles, all-terrain vehicles, side-by-side vehicles, motorcycles and personal watercraft. For more information on Sheffield Financial, visit SheffieldFinancial.com.
Truist Financial Corporation is a purpose-built financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has a leading market share in many high growth markets across the country. The company offers a wide range of services, including retail, small business and corporate banking; asset Management; capital markets; commercial real estate; corporate and institutional banking; Assurance; mortgage; Payments; specialized loans; and wealth management. Based in Charlotte, North Carolina, Truist is one of the top 10 U.S. commercial banks with total assets of $ 530 billion in September 30, 2021. Truist Bank, FDIC member. Learn more at Truist.com.
Tohatsu is from Japan the oldest outboard manufacturer, producing high quality, durable outboard motors since 1956. Tohatsu is uncompromising in its pursuit of outboard motors that are both durable and as light as possible. Tohatsu seeks the ultimate in quality to deliver an inspiring motor experience. The company’s unwavering promise: to offer a more refined and stimulating sailing experience. See. Listen to him. Feel the wind.
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SOURCE Sheffield Financial, Inc.
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