Sparta Commercial Services, Inc. today announced a formal agreement with IBSG Dealer Services, a leading provider of consulting and training services for powersports dealers throughout the country. The new strategic relationship will position Sparta as the preferred financing source for all IBSG affiliated dealers.

Based in New York City, Sparta currently offers consumer leasing and/or installment loan financing through a network of authorized dealers from coast to coast. IBSG, based in Mission Viejo, CA, provides a range of dealer-oriented products and services, including programs designed to help powersports dealers increase their profits through more efficient and knowledgeable financing departments. IBSG’s dealer network now numbers approximately 700.

"We’re particularly pleased with this new alliance", said Anthony L. Havens, Sparta’s CEO, "because IBSG is a leader in its sector of the industry, and this relationship will further accelerate our market penetration by quickly adding a large number of dealers to our already rapidly growing network. Cooperative strategies like this can and should produce outstanding results for both companies, with significant bottom line outcomes."

Sparta has also recently announced the launch of its "Lease-to-Rent" program, designed for retail powersports dealers and others who are – or would like to be – in the fast-growing motorcycle rental business.

"We take a lot of pride," Havens further commented, "in the fact that Sparta is committed to "periscope planning," meaning that we’re continuously looking outward and completely around the circumference of the industry to determine what the financial services needs are, or likely to be in the near future. This quickly enables us to develop and implement programs that are innovative and extremely well received by dealers and their customers. We’re convinced that that kind of flexibility and forward thinking is fueling the velocity of what we’ve been able to achieve over a short period of time."


About Sparta Commercial Services:
Sparta Commercial Services, Inc. (www.spartacommercial.com) is an Internet-based acceptance (sales finance) and leasing company dedicated exclusively to the powersports industry, concentrating on motorcycles over 600cc, 4-stroke all-terrain vehicles, and select scooters through private label programs for manufacturers’ distributors. Sparta provides a full line of financing solutions including indirect retail installment sales contracts and direct closed-end leases, as well as related services including GAP coverage and vehicle service contracts.

Contact:
Ed Menken
Sparta Commercial Services, Inc.
212-239-2666
www.spartacommercial.com