Synchrony renews financing partnership with Polaris for powersports

Synchrony (NYSE: SYF) and Polaris Inc. (NYSE: PII) announced the renewal of their consumer financing partnership, extending a collaboration that has operated for nearly 20 years.

The partnership provides promotional financing and installment loans for Polaris vehicles, parts, accessories, gear, and service products through the company's nationwide dealer network. Polaris manufactures off-road vehicles including Sportsman all-terrain vehicles, RANGER, RZR, XPEDITION, and GENERAL side-by-side vehicles, as well as snowmobiles and Slingshot vehicles.

Under the renewed agreement, Polaris dealers will have access to Synchrony's financing products and digital tools, including Synchrony PRISM, a credit decisioning system that uses data-driven underwriting to assess consumer creditworthiness.

"When consumers want to tackle the backcountry, trails, or the open road, they often turn to Polaris for their next adventure," said Darrell Owens, EVP and CEO, Lifestyle, Synchrony. "At Synchrony, our goal is to make that adventure attainable with responsible financing."

Bob Mack, CFO and EVP, Finance and Corporate Development at Polaris, stated the company is "pleased to extend our nearly 20-year relationship with Synchrony, reinforcing our shared commitment to delivering innovative financing solutions for Polaris customers and dealers."

The financing options are available at participating U.S. Polaris dealers, with dealers offering prequalification and point-of-sale applications. Financing terms and promotional offers vary by vehicle type, purchase amount, and individual credit profiles.

The information is based on a press release statement from the companies.

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