Encore Boat Builders has teamed up with Honda Marine to provide a new inventory finance program for its US dealers.
Financing will be provided through Northpoint Commercial Finance (Northpoint), an inventory financing solutions provider for the marine industry and an exclusive partner to Honda. Encore has also partnered with Northpoint since 2013 to provide inventory financing to its dealers.
With this new agreement, once an Encore dealer activates a line of credit with Northpoint, the dealer can draw on the line to fund purchases of Encore Bentley pontoon boats with Honda engine packages and earn an early pay discount for 120 days. The discount applies to the entire boat package, not just the Honda engine.
“Our boats are easy to operate, affordable and come with great standard features,” says Steve Deese, founder and president of Encore Boat Builders. “With this exclusive financing program, we are excited to offer our dealers Honda engines as another high quality standard. It will help our dealers grow their businesses and attract new customers.”
Commenting on the partnership, Mark DiPietro, senior manager of Honda Marine, says: “We were the first to offer a full line of dependable four-stroke engines, and had the first four-stroke engine to exceed both EPA and CARB emission standards. We’re happy to help Encore dealers align with the growing consumer demand for more reliable, cleaner technology that leaves our waters more pristine, and help them be more cost-efficient along the way.”
Russell Baqir, Northpoint’s SVP of marine business, adds: “We appreciate the opportunity to put our trademark customer focus to work on crafting this financing package. It benefits all parties involved.”