MCLEAN, Va.--(BUSINESS WIRE)--Dec. 18, 2013--
Capital One (NYSE: COF) has signed a three-year financing services
agreement with BRP US Inc. “BRP”. This new relationship reinforces
Capital One’s commitment to building its private label credit card
The contract covers revolving financing for BRP’s Ski-Doo snowmobiles,
Sea-Doo watercraft and Can-Am all-terrain vehicles, side-by-side
vehicles and Spyder roadsters sold by BRP dealers in the United States.
“Capital One values strategic partnerships with brands such as BRP that
deliver real value and offer consumers expanded buying power and a great
customer experience,” said Bill Cilluffo, Executive Vice President, Card
Partnerships at Capital One. “We’re looking forward to working with BRP,
and are honored to help support its growth and position as an industry
Capital One’s partnership with BRP provides consumers with access to
credit that can be used for accessories, services and/or vehicles at BRP
dealerships. Offerings include a Life of Loan product, which is designed
to be paid off over a set term, as well as promotional rate financing
options, which have a low intro APR for a set period of time.
“BRP is always looking for new ways to ease the purchase process for our
consumers. This three-year agreement with Capital One provides our
American dealers with options they can present to their customers,” said
Yves Leduc, vice-president and general manager, North America division.
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N. A., had $206.9 billion in
deposits and $289.9 billion in total assets as of September 30, 2013.
Headquartered in McLean, Virginia, Capital One offers a broad spectrum
of financial products and services to consumers, small businesses and
commercial clients through a variety of channels. Capital One, N.A. has
more than 900 branch locations primarily in New York, New Jersey, Texas,
Louisiana, Maryland, Virginia and the District of Columbia. A Fortune
500 company, Capital One trades on the New York Stock Exchange under the
symbol "COF" and is included in the S&P 100 index.
Bombardier Recreational Products Inc. (BRP) is a global leader in the
design, development, manufacturing, distribution and marketing of
powersports vehicles. Distributed in 105 countries, its portfolio of
brands and products includes Ski Doo and Lynx snowmobiles, Sea-Doo
watercraft, Can-Am all-terrain and side-by-side vehicles, Can-Am
roadsters, Evinrude outboard engines, as well as Rotax propulsion
systems. BRP employs approximately 6,800 people worldwide.
Ski-Doo, Sea-Doo, Evinrude, Can-Am, Rotax and the BRP logo are
trademarks of Bombardier Recreational Products Inc. or its affiliates.
All other trademarks are the property of their respective owners.
Source: Capital One Financial Corporation
Capital One Financial Corporation
Sukhi Sahni, 703-720-2390