Financial service expansion in U.S. YMFUS has launched financial services for all customer segments on its own
January 15, 2020
IWATA, January 15, 2020 - YAMAHA MOTOR FINANCE CORPORATION, U.S.A. (YMFUS), a group company of Yamaha Motor Co., Ltd.(YMC), which provide financial services (credit, lease, insurance, etc.) in the United States, has launched a financial program for prime customers as its own service, which used to be a collaboration service with a US financial institution.
With this, YMFUS now offers financial programs for all personal customers and sales channels in the U.S. as its own service.
In the current mid-term business plan announced in December 2018, YMC positions financial services as one of the key strategies for strengthening customer relations and ensuring stable revenue. With the goal of outstanding loan balance of 450 billion yen by the end of 2021, we are expanding into more business fields and markets. The financial service expansion in the U.S. is a part of the company's initiatives to expand into business fields along with the mid-term business plan. YMFUS has purchased loan receivables for prime personal customers from the US financial institution in January.
YMFUS will continue offering attractive financial programs and establishing an environment providing more convenience for customers to buy its products, thus striving for sales growth.