GMAC Begins Financing of Recreation Vehicles

DETROIT – GMAC will begin accepting retail finance applications for new and used recreation vehicles from Thor Industries dealers in 14 high-volume states.

GMAC was named the official preferred retail financial services provider for Thor in April. It will initially offer financing through RV dealers in Alabama, California, Colorado, Florida, Georgia, Maryland, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington, expanding nationwide by year-end to all qualified dealers in Thor’s U.S. network.

Thor is the world's largest manufacturer of recreation vehicles, including brands such as Damon, Four Winds, Airstream, Dutchmen, Komfort, Breckenridge, CrossRoads and Keystone RV.

“We are very pleased with the relationships we’re developing with Thor dealers since the announcement, and our systems are now ready for business in the RV market,” said Tim Russi, executive vice president of GMAC North American Operations. “The RV business has been recovering steadily with improvements in the economy, and we are committed to supporting RV dealers in their sales efforts.”

“Thor is very excited to bring this new preferred relationship with GMAC to our Thor dealers,” said Ron Fenech, group president of Thor RVs. “Retail financing is a vital part of the RV business and GMAC brings credibility and resources that will benefit our entire industry.”