INDUSTRY FIRST FINANCE
Yamaha Motor Australia launched its own retail finance and business loan packages way back in December 2002. Yamaha Motor Finance (YMF) loan/lease was a fast, state of the art, industry friendly finance package available through Yamaha dealers. The easy to use loan provided a range of flexible repayments from 24 to 60 months allowing customers to choose their most suitable option.
Business loans were available to primary producers with no financial analysis applicants only needed proof of property ownership and a clear credit history. The business loan was available for new units up to $15,000 with payments in advance on a monthly basis and by direct debit. To round off a complete finance package, YMF arranged finance to cover wholesaling to dealers and commercial hire purchase.
By 2007, YMF had expanded its portfolio to nearly $AUS430 million ($US390 million) in loans, 62 staff and 40,000 active retail accounts.