GE Capital Retail Bank and the Tire Industry Association (TIA) today announced a multi-year renewal of their private label credit card program, enabling association members to offer extended financing to customers through the CarCareONE network. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and dealers to help grow their customer sales, will continue to manage the TIA relationship and service the account.
Introduced in 1984, the TIA CarCareONE program provides customers with convenient payment options and benefits for their full-service tire replacement and repair purchases at TIA member dealer locations. Cardholders* can qualify for rebates, promotional financing terms, exclusive savings**, e-bill and e-payment, and other options. The CarCareONE card is nationally accepted by participating merchants and can also be used at Exxon and Mobil gasoline locations.
“For nearly 30 years, TIA and GE Capital have built a strong, effective and mutually successful relationship,” said Roy Littlefield, executive vice president for TIA. “GE Capital offers a deep understanding of our industry and continues to bring value to dealers and their customers.”
TIA is an international association representing all segments of the tire industry, including those that manufacture, repair, recycle, sell, service or use new or retreaded tires, as well as suppliers or individuals who furnish equipment, material or services to the industry.
“Since introducing the TIA CarCareONE program, we’ve built the network to more than 6,000 dealer locations,” said Orlando Zayas, vice president of sales, automotive industry, for GE Capital’s Retail Finance business. “TIA is a recognized leader in the automotive aftermarket industry and we are pleased to continue working with them to provide a valued service offering to their members and truck and car owners nationwide.”
For more than 75 years, GE Capital’s Retail Finance business has provided billions of dollars in consumer financing through major retailers and more than 200,000 small- and mid-sized businesses throughout the United States. GE Capital is a leading provider of consumer credit in the automotive industry for more than 30 years. The company supports its clients with proprietary online technology such as Business Center, which includes service, marketing and sales tools, as well as the newly launched Learning Center, providing businesses with fast and easy access to training tools and resources on how to better understand and offer financing to consumers.
The Tire Industry Association (tireindustry.org) , with a 90 year history representing all segments of the national and international tire industry, is the leading advocate, as well as, instructor in technical training of tire service technicians. For more information, visit the website or call 800-876-8372.
About GE Capital’s Retail Finance business
GE Capital’s Retail Finance business (gogecapital.com) is among the country’s most successful retail lenders, with more than 75 years of experience in consumer financing. The business, which originates loans as a unit of GE Capital Retail Bank, provides customized credit programs to retailers and consumers in the United States and Canada that help drive sales. This includes private label and bankcard credit programs to major national, regional and independent retailers in the U.S., as well as private label credit programs, promotional and installment lending, bankcards and financial services for consumers through dealers; contractors; manufacturers; healthcare practices; and service providers across nearly 20 industries. More information can be found online and twitter.com/GoGECapital.
GE Capital is one of the world’s largest providers of credit. For over one million businesses, large and small, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. For our 100+ million consumer customers, GE Capital offers credit cards, sales finance programs, home, car and personal loans and credit insurance. For more information, visit gecapital.com or follow company news via Twitter @GECapital.
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.
* subject to credit approval as determined by GE Capital Retail Bank.
** Between April 1 and June 30, 2012, cardholders can take advantage of the annual “Enjoy Your Ride Auto Care and Maintenance Event” and receive additional discounts by using their card.