HOUSTON, Texas – Mahindra Ag North America (‘Mahindra”) has entered a multi-year agreement with PNC Vendor Finance to provide competitive, easy-to-use financing solutions for Mahindra dealers and their commercial customers in the U.S.
The PNC Vendor Finance program offers commercial customers competitive financing options and also provides qualified dealers with inventory financing solutions.
This new agreement provides Mahindra dealers with financing tools uniquely designed to support growth in their dealership by driving commercial sales.
“We are pleased to announce this new collaboration to expand financing options for our dealers and commercial customers,” said Viren Popli, Mahindra president & CEO. “This addition to our portfolio gives Mahindra dealers a choice in their financing decisions. Our dealers will have new tools to use in the management of their business.”
“Our decades of working with individual equipment dealers and their customers gives us great insight into what it takes to make a finance program successful,” said Richard Karich, SVP/Managing Director, PNC Equipment Finance. “Our team of experienced finance executives work closely with individual dealers to help them build lasting relationships with customers by developing the best financing solutions for their customers’ bottom lines.”
Mahindra is the world’s number one selling farm tractor. Mahindra tractors range from the sub-compact 20 - 75 HP. These workhorse tractors and the ROXOR side-by-side are built to meet the needs of rural property owners, ranchers and farmers.
PNC’s proprietary ClickServ® technology, a low-touch, high-velocity vendor finance system that speeds the entire application process delivering automated decisions for customers within seconds and allowing seamless electronic signatures at our dealerships.
Phased implementation of the PNC Vendor Finance agreement is currently underway in the United States.
“Mahindra is committed to helping dealers build lasting customer relationships through a smooth customer journey,” continued Popli. “Dealers will have a full suite of competitive finance solutions to help our customers invest in new Mahindra equipment as well as access to competitive inventory financing.”
