{"id":6443,"date":"2024-10-29T09:25:00","date_gmt":"2024-10-29T09:25:00","guid":{"rendered":"https:\/\/octane.co\/o\/?p=6443"},"modified":"2024-10-29T12:07:28","modified_gmt":"2024-10-29T12:07:28","slug":"ridenow-and-octane-partner-to-launch-ridenow-finance","status":"publish","type":"post","link":"https:\/\/octane.co\/o\/ridenow-and-octane-partner-to-launch-ridenow-finance\/","title":{"rendered":"Octane and RideNow Partner to Launch RideNow Finance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6443\" class=\"elementor elementor-6443\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7579d55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7579d55\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c706589\" data-id=\"c706589\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5518d9c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5518d9c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3542a34\" data-id=\"3542a34\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49dd763 elementor-widget elementor-widget-image\" data-id=\"49dd763\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-1024x1024.png\" class=\"attachment-large size-large wp-image-6447\" alt=\"\" srcset=\"http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-1024x1024.png 1024w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-300x300.png 300w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-150x150.png 150w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-768x768.png 768w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-1536x1536.png 1536w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-2048x2048.png 2048w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-700x700.png 700w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-1160x1160.png 1160w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-50x50.png 50w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-650x650.png 650w, http:\/\/octane.co\/o\/wp-content\/uploads\/2024\/10\/240903_SOC_RideNow-1-1-1-1000x1000.png 1000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-013f90c\" data-id=\"013f90c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-054b466 elementor-widget elementor-widget-text-editor\" data-id=\"054b466\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><i><span style=\"font-weight: 400;\">Private Label Partnership Drives More Sales Through Fast, Easy Financing\u00a0<\/span><\/i><i><span style=\"font-weight: 400;\">and Branded, Lifecycle Marketing <\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c09a88 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c09a88\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7856871\" data-id=\"7856871\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94a02db elementor-widget elementor-widget-text-editor\" data-id=\"94a02db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">NEW YORK, October 29, 2024 \u2014 <\/span><a href=\"http:\/\/www.octane.co\"><span style=\"font-weight: 400;\">Octane<\/span><\/a><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\"> (Octane Lending, Inc.<\/span><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\">), the fintech revolutionizing the buying experience for major recreational purchases, and <\/span><a href=\"https:\/\/www.ridenow.com\/\"><span style=\"font-weight: 400;\">RideNow<\/span><\/a><span style=\"font-weight: 400;\">, a <\/span><a href=\"https:\/\/www.rumbleon.com\/\"><span style=\"font-weight: 400;\">RumbleOn<\/span><\/a><span style=\"font-weight: 400;\"> company and the largest powersports retailer in North America, announced a partnership to launch branded finance in RideNow\u2019s 56 retail stores under the RideNow Finance brand.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Effective immediately, RideNow Powersports customers can purchase over 18,000 new and pre-owned vehicles from a large selection of manufacturers using RideNow Finance. The new private label partnership allows RideNow Powersports dealerships to leverage Octane\u2019s digital tools and fast, easy, full-spectrum financing experience under its own name. Additionally, this partnership will help drive higher quality leads by giving RideNow Powersports dealerships the ability to run their own branded financing promotions, integrate branded financing messaging into their marketing initiatives, and reach customers throughout the lifecycle of their loan.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, RideNow Finance customers will benefit from broad credit coverage and a seamless, end-to-end financing experience that make it faster and easier to get outdoors on their dream vehicle.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This partnership is the only private label branded financing for a dealership group in the nearly $30 billion powersports market, which includes motorcycles, all-terrain vehicles (ATVs), utility vehicles (UTVs), and personal watercraft, and builds on the longstanding relationship between two leaders in the space; Octane has been one of RideNow\u2019s preferred lenders since 2017.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOur dealerships are laser focused on providing a great buying experience for our customers,\u201d said RumbleOn CEO Mike Kennedy. \u201cThe opportunity to ease the financing process through RideNow Finance is exactly how we will take the experience to the next level.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe believe that private label branded and captive financing are the future of retail financing in powersports, RV, and beyond, and we\u2019re excited to work with a leader in powersports &#8211; and a great partner &#8211; to bring this exciting new product to market,\u201d said Steven Fernald, President and Chief Financial Officer of Octane. \u201cBy giving dealerships innovative, digital tools and helping them harness the power of branded financing, we can help them drive more qualified applicants, and ultimately sell more units.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">RideNow Finance loans will be originated through Octane\u2019s in-house lender, <\/span><a href=\"https:\/\/roadrunnerfinancial.com\/\"><span style=\"font-weight: 400;\">Roadrunner Financial<\/span><\/a><span style=\"font-weight: 400;\">\u00ae, Inc., and serviced by Octane\u2019s <\/span><a href=\"https:\/\/octane.co\/o\/awards\/\"><span style=\"font-weight: 400;\">award-winning loan servicer<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><b>###<\/b><\/p>\n<p><b>About RideNow:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">RideNow, a RumbleOn company, is the largest powersports dealership group in the United States&nbsp; with more than 56 powersports retailers&nbsp; across the country. The company typically inventories&nbsp; over 18,000 new and pre-owned motorcycles, ATVs, personal watercraft, and offers new vehicles from over 50 different brands.. Since 1983, the company has been leading the industry in bringing quality vehicles, expert service, and innovative ideas, like the RideNow Cash Offer, to adventurers everywhere. RideNow Powersports strives to give our customers a convenient, stress-free experience in sales, service, parts and merchandise.<\/span><\/p>\n<p><b>About RumbleOn:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">RumbleOn, Inc.<\/span><span style=\"font-weight: 400;\"> (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. Our Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products. Our Powersports group sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance &amp; insurance products and services, and aftermarket products. We are the largest purchaser of pre-owned powersports vehicles in the United States and utilize RideNow&#8217;s Cash Offer to acquire vehicles directly from consumers. To learn more, please visit us online at <\/span><span style=\"font-weight: 400;\">https:\/\/www.rumbleon.com<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Private Label Partnership Drives More Sales Through Fast, Easy Financing\u00a0and Branded, Lifecycle Marketing NEW YORK, October 29, 2024 \u2014 Octane\u00ae (Octane Lending, Inc.\u00ae), the fintech revolutionizing the buying experience for<\/p>\n<div><a href=\"https:\/\/octane.co\/o\/ridenow-and-octane-partner-to-launch-ridenow-finance\/\" class=\"exp-read-more exp-read-more-underlined\">Read More<\/a><\/div>\n","protected":false},"author":25,"featured_media":6447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[34],"tags":[66,55,53,52],"class_list":["post-6443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-66","tag-company-growth","tag-investor-relations","tag-recent-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Octane and RideNow Partner to Launch RideNow Finance | Octane<\/title>\n<meta name=\"description\" content=\"Octane and RideNow, the largest powersports retailer in North America, announced a partnership to launch branded finance in RideNow\u2019s 56 retail stores under the RideNow Finance brand.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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