News

Workhorse inks finance deal

May 21, 2003

Workhorse Custom Chassis and GE Distribution Finance have signed a multi-year agreement to create a national chassis finance program for qualified Workhorse dealers. The plan allows approved Workhorse dealers to receive initially up to 60-day interest free financing, dedicated credit lines and flexible payment terms for chassis purchases. This allows them to stock chassis and maximize revenue opportunities

Workhorse Custom Chassis and GE Distribution Finance have signed a multi-year agreement to create a national chassis finance program for qualified Workhorse dealers.

The plan allows approved Workhorse dealers to receive initially up to 60-day interest free financing, dedicated credit lines and flexible payment terms for chassis purchases. This allows them to stock chassis and maximize revenue opportunities while minimizing the impact on cash flow, Workhorse said.

In addition, Workhorse dealers on the Chassis Finance Program will have full access to e-commerce account management tools that allow for improved inventory management and payment flexibility.