New Retail Financing Contract With ICON EV
Sheffield Financial and ICON EV Announced New Multiyear Retail Financing Contract
Sheffield Financial, a division of Truist Bank, and ICON EV., LLC (ICON), recently agreed to a multiyear financing services agreement effective immediately.
The agreement allows Sheffield to provide consumer financing services to customers of ICON’s independent dealer network.
“ICON is proud to be joining an elite class of manufacturers that do business with Sheffield Financial. This partnership will further advance the ICON brand and offer consumers fast, easy and flexible financing solutions through Sheffield. Not only is this a benefit for the consumer but also our dealer network by creating liquidity downstream. We look forward to doing business with Sheffield for many years to come,” said Steven Gianfilippo, ICON CFO.
“We’re excited to partner with ICON and provide financing for their versatile electric vehicle models,” said Jeff McKay, Sheffield Financial CEO and head of point-of-sale lending for Truist. “Sheffield is committed to providing innovative financing solutions, friendly service and quick credit decisions for our manufacturers, dealers and customers.”
Loans are subject to credit approval.
Sheffield Financial is a division of Branch Banking and Trust Company(opens in a new tab), Member FDIC.
Branch Banking and Trust Company is now Truist Bank. Learn more(opens in a new tab)
BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing.