Building on their 15 year relationship, the Discount Tire CarCareONESM Card is Available Through more than 800 Locations Nationwide
STAMFORD, Conn. and SCOTTSDALE, Ariz. ---- March 26, 2012 ---- GE Capital Retail Bank has announced a multi-year renewal to continue providing financing for customers of Discount Tire, the nation's leading independent tire retailer. 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 Discount Tire relationship and service the account.
The Discount Tire CarCareONE credit card program, which began in 1997, provides customers with convenient payment options and benefits for their full-service tire replacement, wheel, and maintenance and repair purchases at any of the company's more than 800 stores and online at discountire.com or tires.com. Cardholders* can qualify for rebates, promotional financing terms, exclusive savings, e-bill and e-payment, and other options.
"The CarCareONE financing program is an essential tool for supporting our growth initiatives and an important part of our service offering, giving customers payment options that enable them to budget for planned and unplanned auto care," said Christian Roe, chief financial officer of finance for Discount Tire. "GE Capital understands the needs of our customers and our business as we continue to evolve."
Established in 1960 and headquartered in Scottsdale, Ariz., Discount Tire operates more than 800 stores in 23 states and offers one of the largest selections of leading brand tires and wheels, as well as full service tire service and repair. Over the past half century, Discount Tire has grown to become the world's largest independent tire and wheel retailer today.
"For more than 15 years, we've enjoyed working with Discount Tire to build their business and provide their customers with convenient payment options," said Mike Mattevi, vice president of sales, automotive industry, for GE Capital's Retail Finance business. "We're pleased to extend our relationship and continue supporting Discount Tire's customer service and satisfaction guarantee."
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.
About Discount Tire
Discount Tire, based in Scottsdale, Arizona, is America's largest independent tire retailer. Also referred to as America's Tire in Oregon and some parts of California and Washington, Discount Tire currently operates over 800 stores in 23 states across the country. Serving more than 40 million customers, Discount Tire has built its success on the motto, "Be fair, be truthful, work hard, be there on time, and help people." At discounttire.com and tires.com, customers can research, order and make an appointment for service.
About GE Capital's Retail Finance business
GE Capital's Retail Finance business 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 at www.gogecapital.com 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 www.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. For more information, visit the company's website at www.ge.com.
* subject to credit approval as determined by GE Capital Retail Bank.
Cristy Williams
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678.518.2596