Poor time for April Fool's Jokes!Shares are down under 2$ and they are making April Fools Jokes!
Red Deer, Alberta / TheNewswire / April 1, 2015 - Rifco Inc. (TSXV: RFC) is pleased to announce that its wholly owned subsidiary Rifco National Auto Finance will launch into a new market that has not been explored by any other auto lender. The decision to finance children's rechargeable leisure vehicles came after extensive research and strong demand.
Chief Executive Officer, Bill Graham explains that over his 12 years with Rifco, he sees this pattern every year. "Many of the clients, that we provide financing to, have children. About 80% of that clientele are asking us about financing options for their children's leisure rechargeable vehicles before Christmas. We hear this every year, and we knew there was a demand for this".
The toy industry is an $84 billion dollar market, with the average Canadian spending around $1,000 on toys per child a year.
It was a natural fit for Rifco to finance electric powered toy cars. Although this is a niche market, Rifco National Auto Finance prides itself on being different. Rifco is excited about providing an opportunity for all 8 year olds to own such a vehicle. Over a 60 month term, children could enjoy a monthly payment as low as $10.62.
The release of Rifco's Children Leisure Vehicle finance program will only be available in certain test markets, and if the program sees success, Rifco hopes to launch it nationwide in time for the Christmas rush.
Read more at https://www.stockhouse.com/news/press-releases/2015/04/01/rifco-expanding-their-loan-portfolio-to-children-s-rechargeable-leisure#54WgRsxaYb3A9PVe.99