TerrainHopper USA expects financing volume of its off-road mobility vehicle built exclusively for consumers with mobility impairment to pick up in the coming months, Chief Executive Todd Lemay told Powersports Finance.
Available in the U.K. since 2011, TerrainHopper debuted in the U.S. last year. It inked a financing partnership with American 1 Credit Union about three months ago, and so far 10% of customers have financed the vehicle.
“Over the course of the last year, we had hundreds and hundreds of people contact us and say, ‘Do you guys offer financing?’” Lemay said. “And it’s always been, ‘No, we’re working on it.’ Well, now that we have the financing, we’re reaching out to some of those people and letting them know that financing is now available. Some of them are now going through that process. We think that over the course of the next maybe two to four months, especially after the holidays are over, we’ll see an influx of orders that are being financed.”