New Financing Option for Piaggio/Vespa Scooters

From Piaggio USA:

VESPA AND PIAGGIO PARTNER WITH FREEDOMROAD FINANCIAL TO OFFER RETAIL FINANCING
New partnership offers zero down payment, low rates and up to 60 month terms on all new Piaggio and Vespa motor scooters.

November 23, 2010—Piaggio Group Americas and FreedomRoad Financial are pleased to announce an official partnership that will provide retail financing for Piaggio and Vespa scooters in the United States.

“We are looking forward to partnering with a well respected company like FreedomRoad Financial to offer our customers great finance rates so they can more easily afford the Vespa or Piaggio scooter they have been wanting” said Rick Panettieri, Piaggio Group Americas director of product management. “We have been working with Freedom Road Financial for many months now and are expanding the number of brands and models that can be financed with them. We have been pleased with our relationship so far with Moto Guzzi and are looking forward to expanding that to cover the Vespa and Piaggio brands. The longer term loans will provide our customers with good credit the opportunity to have even lower monthly payments.”

FreedomRoad Financial is focused on providing powersports financing nationwide through its network and is known for its commonsense approach to retail lending and high personal service.

“Vespa and Piaggio are iconic brands with economical environmentally friendly products, passionate customers and dealers, and we are thrilled that they have chosen us as their retail financing partner,” stated Tom Collins, Executive Vice President and Managing Director of FreedomRoad Financial, “We look forward to establishing solid relationships with their dealers and being a contributor in helping them grow their sales in this country.”

For more information about Piaggio please visit www.PiaggioUSA.com and for more information about Vespa please visit www.VespaUSA.com.

About The Piaggio Group:
Established in 1884 by Rinaldo Piaggio and based in Pontedera in Pisa, Italy, the Piaggio Group is one of the world’s top manufacturers of two-wheel motor vehicles. With more than 7,000 employees, an annual production of more than 610,000 vehicles in 2009, five R&D centers, seven production facilities in Europe and Asia and operations in more than 50 countries – the Piaggio Group has a consolidated leadership in the European two-wheeler market. The company produces scooters, motorcycles and mopeds in the 50cc to 1,200cc displacement range, marketed under the Piaggio, Vespa, Gilera, Derbi, Aprilia, Scarabeo and Moto Guzzi brands. The Group also manufactures three- and four-wheel light transportation vehicles for the Ape, Porter and Quargo ranges.