Bank of America Intends to Stay for the Long Haul

July 15, 2009 – President of Bank of America’s Dealer Services, Ellsworth Clarke announced intentions to continue their strong presence in RV finance indefinitely. Following the announcement, Pedata RV Center saw buying interest rise; the support of the financial giant seems to have given consumers the comfort and support they needed to turn back to RVs and the recreational vehicle industry.

B of A’s public announcement of their continued involvement is a big weight off for buyers who are looking for ways to stretch their cash during the economic downturn; that means turning to credit. And B of A’s intentions to provide RV financing for the long haul means they trust the availability of funds. B of A’s Dealer Services department will continue to offer dealer floor plan credit and direct/indirect credit programs for the RV industry and marine/auto industries. B of A’s involvement lends great credence to the validity of the industry due to its long term standing as an acknowledged giant in the financing sector.

Missy G., a consumer currently looking to buy a recreational vehicle of her own, said, “I was going to buy the RV before I heard about Bank of America’s decision…but hearing it does make me feel more confident that I’m making a good purchase. It seems silly when I say it out loud, but it is somehow a big vote of confidence for the RV industry when one of the biggest, most well known banks announces their continued involvement.”

Pedata RV Center’s general manager, Clint Ethington, says, “B of A’s support is a big relief to consumers. They’re huge. They’ve been around a long time. People trust them and they trust their decisions. Their continued lending involvement with the RV industry is really going to make a difference in the minds of consumers nationwide.”

Back to RV News