This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE Capital Retail Bank And Penske Automotive Group Launch Consumer Financing Program

GE Capital Retail Bank and Penske Automotive Group (NYSE: PAG), an international automotive retailer, today announced an agreement to provide a private label consumer credit card program to customers of Penske Automotive Group dealerships in the U.S. GE Capital Retail Bank provides financial solutions to retailers to help grow their customer sales and will service the account and manage the credit card program.

"We are pleased to offer the CarCareONE credit card program, providing a convenient payment option to our customers for planned and unexpected automotive maintenance and repair services,” said Rob Kurnick, president of Penske Automotive Group. “GE Capital brings a strong understanding of our industry and deep expertise to our U.S. dealers to assist us in growing customer loyalty in this important, recurring part of our business.”

Qualifying Penske CarCareONE cardholders* can take advantage of promotional financing offers such as six-month deferred interest financing on purchases of $299 or more and 12-month deferred interest financing on purchases of $750 or more. The credit card can be used for full-service vehicle maintenance and repair services and replacement costs at Penske Automotive Group dealerships locations in the U.S. and Puerto Rico. Qualifying cardholders can also enjoy a range of benefits, including exclusive savings and e-bill and online account management options. Applications can be completed in-store or online.

“We look forward to working with Penske Automotive to help build its business and serve the needs of its service customers,” said Orlando Zayas, vice president of sales, Automotive After-Market Group, for GE Capital’s Retail Finance business. “This new relationship underscores GE Capital’s commitment to this important auto dealership market where we have provided consumer financing options for more than three decades.”

For more than 80 years, GE Capital has helped major retailers and more than 200,000 small- and mid-sized businesses throughout the United States build their businesses through consumer financing programs that support merchant growth and customer satisfaction. GE Capital has been a leading provider of consumer credit in the Automotive After-market industry for more than 30 years. The company supports its clients with proprietary online technology such as Business Center, which includes service, marketing and sales tools, as well as Learning Center, providing businesses with access to comprehensive training for their teams on financing for consumers.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs