Octane announced that it has entered the marine market.
Effective immediately, marine, recreational and powersports dealers selling pontoons and motorboats can offer competitive rates and flexible terms to a wide range of prime and nonprime customers through Octane’s in-house lender, Roadrunner Financial Inc., the company said in a release. Octane’s digital experience allows dealers to move quickly and seamlessly through the financing process, from initial customer inquiry through deal close, saving time for dealers and consumers alike.
“We’re thrilled to bring our innovative, end-to-end financing experience to the marine market,” said Mark Davidson, chief growth officer. “We look forward to supporting dealers and OEMs in this growing market while offering full-spectrum financing that fuels our customers’ lifestyles.”
This expansion follows several milestones for the company; Octane recently announced its Series E funding round, closed a $500 Million Forward-Flow Deal with AB CarVal and surpassed $5 billion in aggregate originations.
Interested dealerships can learn more here.
