Alumacraft signs finance deal with Honda Marine

Alumacraft Boat Co. signed an agreement with Honda Marine to provide a new inventory finance program.
Author:
Updated:
Original:

Alumacraft Boat Co. signed an agreement with Honda Marine to provide a new inventory finance program.

Dealers purchasing Alumacraft boats outfitted with Honda outboard marine engines will get financing through Honda’s exclusive partner, Northpoint Commercial Finance.

Instead of leveraging their own capital for purchases of Alumacraft boats outfitted with Honda outboard marine engines, dealers can draw on their Northpoint line of credit to fund the purchases.

“Alumacraft, Honda Marine and Northpoint share a commitment to meet the financing needs of our dealers and support their continued growth,” Alumacraft president James R. Irwin said in a statement. “We are excited to offer our dealers a customized program which will reduce their combined boat, motor, and trailer package financing cost while allowing them to carry a large selection of Alumacraft boats and Honda marine engines.”

Related

A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

Groupe Beneteau Updates Revenue Forecasts, More

The builder saw gains in its boat and luxury-home sectors and made several acquisitions, including a majority stake in Dream Yacht Group.

Golden Manufacturing Expands

The fabricator of aluminum boat lifts and aluminum and concrete floating docks adds 18,000 square feet to its Fort Myers, Fla., headquarters.

GetMyBoat Takes You to the Movies

The boat rental marketplace site teams with Disney’s Jungle Cruise for a contest to win a boat trip or movie tickets.

ConMar Adds to Sales Team

The manufacturers’ representatives add industry vet Brain Steele.

Will Canada Reopen to Boaters?

Set to open its borders to fully vaccinated U.S. residents next month, our neighbor to the north could be facing a strike by Canadian border guards and customs officials. Plus, the Great Lakes welcomes a newly designated marine sanctuary.