LS Motorsports and Sparta Commercial Services launched a custom consumer financing and leasing program for all LS Motorsports brands, including Diamo, Italjet and Fisher powersports vehicles, stated a LS Motorsports press release.
LS Motorsports now will offer retail dealers a traditional type of installment loan product or consumer lease to their customers.
Sparta Chairman and CEO Anthony Havens says the company is enthusiastic about the new relationship. “Until now, consumers who wanted a Diamo, Italjet or Fisher could only rely on their personal major credit cards or some revolving charge program in order to finance their purchase, both of which typically carry higher interest rates than the new LS Motorsports program,” Havens said.
LS Motorsports is equally excited about the venture. Mathu Solo, CEO of LS Motorsports, says the program is a good opportunity.
“The program offered by Sparta is a very simple but straightforward program that the consumer will appreciate,” Solo said. “By offering our dealers a consumer financing option they can not only increase their vehicle sales, but also increase their sales of bolt-on accessories, which can also be financed.”