I was just told that Bomb was bought by a American Co. called GE Capitol!! HUH???? Anyone else hear something like that?

 

http://www.gecommercialfinance.com/a..._20050418.html

 

It looks like just there finance company.

 

Yes, that's it. Bomb. has previously owned their own finance division (like Ford credit, their credit division is the only way the co. makes $, they lose $ actually selling vehicles-Ford, I don't know about Bomb). It sounds like that finance division mainly was for dealers credit-which allows the dealer to have the vehicles siiting in their showroom. All those pretty, new vehicles aren't owned by the dealer. He pays a finance cost ("flooring") to the credit division. Bomb. has sold that division to an "outside vendor", I.E. the Capital co. in the article.

 

when i bought my ds in 04, that was the company bomb was using to get the promo...they gave me no interest no payment for 12 months....so i paid it off..it was ge capital..so they must have been working together for a few yrs by now

 

My payment is now through GE Money bank, been this way for a year or so. Sent me a letter saying that GE bought a bunch of loans or some crap.