SOURCE: Monaco Coach Corp.

June 18, 2008 06:00 ET

Monaco Financial Services Continues Consumer Financing Program for Monaco Coach RV Customers

COBURG, OR--(Marketwire - June 18, 2008) - Monaco Coach Corporation (NYSE: MNC), one of the nation's leading manufacturers of recreational vehicles, today announced the continuation of its consumer financing relationship with GE Money for consumer purchases of recreational vehicles (RVs). GE Money announced in May that it would largely discontinue its RV and Marine lending, with the exception of products eligible under the Monaco Financial Services (MFS) consumer finance program.

Launched in June 2006, Monaco Financial Services was jointly designed by Monaco Coach Corporation, GE Capital Solutions, and GE Money to deliver commercial financing to Monaco's dealers and retail financing programs for consumers. MFS supports all Monaco dealers and retail purchases of Monaco Coach's brands, including Monaco, Holiday Rambler, Beaver, Safari, McKenzie and R-Vision.

Kay Toolson, chairman and CEO, Monaco Coach Corporation, said, "During the past two years, Monaco Financial Services' inventory finance and consumer lending programs have earned a reputation for innovation and ease of use. We are pleased to continue working with GE Capital Solutions and GE Money to offer the proven solutions and valuable tools that help dealers focus on selling Monaco's product lines."

Monaco Coach Corporation's wholesale flooring business partner GE Capital Solutions - Commercial Distribution Finance (CDF) remains committed to growing the MFS business through specialized business finance solutions.

"Our intent is to continue to work with the GE wholesale and retail teams to offer the most valuable financing programs available to the dealer body from any original equipment manufacturer," said John Nepute, president of Monaco Coach Corporation. "Our dealers have reported a very positive experience when arranging RV financing through MFS, as well as high customer satisfaction with the process."

About Monaco Coach Corporation

Monaco Coach Corporation, a leading national manufacturer of motorized and towable recreational vehicles, is ranked as the number one producer of diesel-powered motorhomes. Dedicated to quality and service, Monaco Coach is a leader in innovative RVs designed to meet the needs of a broad range of customers with varied interests and offers products that appeal to RVers across generations.

Headquartered in Coburg, Oregon, with substantial manufacturing facilities in Indiana, Monaco Coach employs approximately 4300 people. The Company offers a variety of RVs, from entry level priced towables to custom-made luxury models under the Monaco, Holiday Rambler, Safari, Beaver, McKenzie, R-Vision and Dodge brand names. The Company maintains RV service centers in Harrisburg, Oregon, Elkhart, Indiana and Wildwood, Florida and operates motorhome only resorts in California, Florida and Nevada.

Monaco Coach Corporation trades on the New York Stock Exchange under the symbol "MNC," and the Company is included in the S&P Small-Cap 600 stock index. For additional information about Monaco Coach Corporation, please visit http://www.monaco-online.com/ or http://www.trail-lite.com/.

Contact Information

  • CONTACT:
    Craig Wanichek
    Director of Investor Relations
    Monaco Coach Corporation
    (541) 681-8029
    Email Contact