Yamaha Motor Canada announces new wholly owned financing company

Yamaha Motor Canada Ltd. on Wednesday announced the creation of a new wholly owned subsidiary company, which will provide financing services to its Canadian motorsport and marine dealers. The new company, Yamaha Motor Finance Canada Ltd., will begin operations Jan. 1, 2015.

“The creation of our own finance company is a project we have been pursuing for several years and we believe the conditions are ideal to be announcing the creation of this new organization,” Yamaha Motor Canada Ltd. president Peter Hastings said.

The new company will begin offering inventory financing to its Canadian dealers on Jan. 1, 2015.

“We are very excited to launch this new program and we look forward to providing our dealers with innovative inventory financing programs to help them grow their business,” said Leone Foxwell, who will be responsible for the new Inventory Finance Program.

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