Tohatsu Partners with Sheffield Financial to Offer Retail Financing Program
Published: Tuesday, November 23, 2021
Tohatsu America Corporation and Sheffield Financial, a division of Truist Bank, Member FDIC, recently agreed to a multi-year financing services program agreement. The agreement allows Tohatsu customers to receive lending services through the Tohatsu dealer network. The contract covers installment financing for Tohatsu outboard motors and boat packages which include Tohatsu motors.
“We are proud of the opportunity to partner with a reputable and trusted financial institution,” says John Adam, General Manager of Tohatsu America Corporation. “Our job begins by understanding our customer’s needs, and with the help of Sheffield Financial we can now provide our dealers and customers with reliable financial solutions.”
“We are thrilled to announce our new relationship with Tohatsu, a manufacturer of high quality outboard motors,” said Jeff McKay, Sheffield Financial CEO and Head of Point of Sale Lending for Truist. “Sheffield is committed to providing outstanding service to support Tohatsu’s dealer network and customers with easy and innovative financing options.”
About Tohatsu
Tohatsu is Japan’s 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 pursues the ultimate in quality to deliver an inspirational engine experience, offering a full line of four-stroke outboard motors ranging from 2.5hp to 250hp. The company’s unwavering promise: to deliver a more refined and stimulating boating experience. See it. Hear it. Feel the Wind. For more information about Tohatsu America, visit Tohatsu.com.
About Sheffield Financial
Winston-Salem, N.C.- based Sheffield Financial is a division of Truist Bank, Member FDIC, which is a subsidiary of Truist Corporation (NYSE: TFC). Sheffield, which has financed more than $30 billion in loans since its founding in 1992, currently services more than 15,000 outdoor power equipment, power sports and trailer dealers nationwide. The company provides retail financing options in all 50 states for outdoor power equipment, trailers and power sports equipment, such as snowmobiles, all-terrain vehicles, side by side vehicles, motorcycles and personal watercraft. For more information about Sheffield Financial, visit SheffieldFinancial.com.
About Truist
Truist Financial Corporation (NYSE: TFC) is a purpose-driven 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 leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $522 billion as of June 30, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.
A version of this article appeared in the Buyer's Guide (November/December) 2022 of Great Lakes Scuttlebutt magazine.
tags: Company Expansions
