Octane Lending, Inc., a digital financing supplier, has expanded its services to include the RV market. The move comes seven months after Octane signaled its expected entry to RV and marine markets.
The RV offering brings Octane into its third new market this year, following recent growth into tractor and trailer financing.
The RV market is a logical progression for the company given Octane’s success in the adjacent markets of powersports and outdoor power equipment (OPE), Octane said.
“We are excited to transform buying in the RV market with our seamless user experience,” said Jason Guss, Octane CEO. “By expanding into RVs, we are better able to deliver on our mission to connect people with their passions and make lifestyle purchases fast, easy and accessible.”
Octane supports dealers and OEM partners by enabling prequalification on dealer and OEM websites, driving qualified buyers to dealerships, Octane said. The company can customize its technology platform and tailor lending/servicing capabilities for select strategic partners with a private label experience.
The company provides online technology, risk modeling and service through an eCommerce tool. The tool gives consumers instant financing decisions through Roadrunner Financial, Inc. Using the service does not impact a consumer’s credit score. Consumers can upload documents to the company’s financing platform and complete applications before buying.
Click here to go to Octane’s lending portal.