Synchrony Financial Drives New Relationship with Mavis Discount Tire to Advance Consumer Financing Options
September 13 2017 - 11:56AM
Business Wire
Partnership gives Mavis Discount Tire customers
access to competitive financing
Synchrony Financial and Mavis Discount Tire (“Mavis”) today
introduced a new consumer financing program that will be available
through Synchrony’s Car Care network. The new financing options
allow customers to purchase new tires and automotive services, when
needed, without the worry of large out-of-pocket payments.
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“The Synchrony Car Care financing program is an important tool
for growing our customer base and providing them with a new range
of purchasing options,” said Dave Sorbaro, Co-CEO of Mavis Discount
Tire. “Synchrony Financial’s commitment to providing safe, easy
financing will help us continue to meet our customers’ needs.”
Glenn Marino, Executive Vice President and CEO of Payment
Solutions for Synchrony Financial said, “A set of new tires can be
a significant purchase and with winter fast approaching, Synchrony
Financial is proud to offer a consumer financing option that will
allow customers to access the tires and services they need to keep
their vehicles running smoothly in all weather conditions.”
Customers can access financing options at mavistire.com or by
visiting their local Mavis Discount Tire store. Qualified
cardholders1 enjoy an everyday value proposition of special
financing for purchases of $199 or more. Also, as part of the
Synchrony Car CareTM network, cardholders can take advantage of
additional benefits, including using their Mavis Credit Card for
convenient fill-ups at more than 185,000 gas stations
nationwide.
1 Subject to credit approval
About Synchrony Financial
Synchrony Financial (NYSE:SYF) is one of the nation’s premier
consumer financial services companies. Our roots in consumer
finance trace back to 1932, and today we are the largest provider
of private label credit cards in the United States based on
purchase volume and receivables.* We provide a range of credit
products through programs we have established with a diverse group
of national and regional retailers, local merchants, manufacturers,
buying groups, industry associations and healthcare service
providers to help generate growth for our partners and offer
financial flexibility to our customers. Through our partners’ over
365,000 locations across the United States and Canada, and their
websites and mobile applications, we offer our customers a variety
of credit products to finance the purchase of goods and services.
Synchrony Financial offers private label credit cards, Dual Card™,
and general purpose co-branded credit cards, promotional financing
and installment lending, loyalty programs and FDIC-insured savings
products through Synchrony Bank. More information can be found at
www.synchronyfinancial.com, www.facebook.com/SynchronyFinancial,
www.linkedin.com/company/synchrony-financial and
www.twitter.com/SYFNews.
*Source: The Nilson Report (June 2017, Issue # 1112) - based on
2016 data.
About Mavis Tires
Mavis Discount Tire has more than 334 locations as well as three
franchises in New York, New Jersey, Connecticut, Massachusetts and
Pennsylvania and is one of the largest independently owned tire
retailers in the United States.
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version on businesswire.com: http://www.businesswire.com/news/home/20170913006083/en/
Mavis Discount TirePat Schulte,
914-984-2500pschulte@mavistire.comSynchrony FinancialKristen
Prestano, 212-279-3115 x 217kprestano@syf.com
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