GE Money Offers Service Contract Program for RV Industry
IRVINE, Calif.--GE Money’s Sales Finance unit has become the first provider of consumer recreational vehicle (RV) financing to offer a comprehensive extended service contract program for owners of motor homes, trailers and campers.
GE’s 5-Star Program, administered through Auto Warranty Services (AWS), a GE Money division, may be offered to consumers by any RV retailer that offers GE Money’s consumer financing on the sale of new, used, motorized and towable RVs.
“The 5-Star service contract program is a complement to our full spectrum lending,” said Ed Arienti, RV/Marine president for GE Money – Sales Finance. “Consumers are able to have great protection for their purchase, and dealers now have the convenience of offering both financing and service contracts from one source.”
The 5-Star Program provides extended protection for motor homes, trailers and campers. It includes:
- Emergency Roadside assistance, 24/7, for lockouts, tire changes, jump starts, fluid delivery, towing and more.
- Replacement vehicle reimbursement during repair periods.
- Meal and lodging reimbursement for interrupted trips.
- Reimbursement for required deductible fees when mechanical breakdowns are covered by a manufacturer’s warranty.
With more than 25 years of experience in the service contract industry, GE’s Auto Warranty Services product is backed by more than $700 billion in assets of GE.
“We are excited to add an additional program to our business,” said Orlando Zayas, president of Auto Warranty Services, a GE Money unit. “RV customers will receive the same top-notch service that all of our existing customers receive today. The RV program gives us an opportunity to expand into a large, growing marketplace. Partnering with Sales Finance to expand our reach in this industry makes perfect sense.”
While there are other extended warranty programs available, the 5-Star Program is the only service contract program offered directly through an RV lender.
“RV dealers that offer service contracts will find they have more repeat business and higher customer satisfaction,” Arienti said. “The 5-Star program is a terrific service contract and a great tool for helping RV dealers build their business.”
Dealers interested in learning more or enrolling in the GE AWS program can contact 1-800-234-2647, option 3.
ABOUT SALES FINANCE AND GE MONEY
Sales Finance, based in Kettering, Ohio, is part of GE Money, formerly GE Consumer Finance, and provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in more than 20 markets including: recreational vehicles, marine, automotive, powersports, home improvement, outdoor power equipment, consumer electronics and appliances, furniture, floor covering, jewelry and luxury goods, and various health care disciplines. With $163 billion in assets, GE Money, a unit of General Electric Company , is a leading provider of credit services to consumers, retailers and auto dealers in approximately 50 countries around the world. GE Money, based in Stamford, Connecticut, offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found at www.gemoney.com.
GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.
