Sheffield Financial and American Honda Motor agreed to renew a multiyear financing services program agreement, effective immediately.

The agreement allows Sheffield to provide lending services to Honda Power Equipment and Honda Marine customers through their respective dealer networks. Both Honda Power Equipment and Honda Marine are business units of American Honda Motor. The contract covers installment financing for Honda marine engines, boat packages with Honda engines, Honda generators, lawn mowers, pumps, snow blowers, tillers and trimmers.

“Honda Power Equipment and Honda Marine are fully invested in supporting our customers —and their customers — by helping more consumers use Honda products to experience the pleasure of outdoor work and play,” Chris Young, senior manager and division lead of power equipment sales for American Honda Motor, said. “The agreement with Sheffield Financial will help us strengthen the market for outdoor power equipment and marine products while advancing us toward the Honda 2030 vision of a clean, safe, secure, carbon-free society through the pursuit of high quality in the design and construction of products and services that fulfill expectations of societies and meet individual needs.”

“We’re excited and honored to continue our partnership with Honda Marine, a leader in the marine industry, and the addition of Honda Power Equipment, a premier manufacturer of power equipment products, to the program. Sheffield is proud to offer flexible financing solutions to Honda dealers and their customers for Honda’s high-quality marine and power equipment products,” Jeff McKay, CEO of Sheffield Financial and head of point-of-sale lending for Truist, said.