Lincolnshire, Ill., Dec 17 — Good Sam, a subsidiary of Camping World Holdings, Inc. (NYSE: CWH) (the “Company” or “Camping World”) announced today that it has deepened its partnership with Octane Lending, Inc.® (Octane®), the fintech revolutionizing the buying experience and the Captive-as-a-Service provider behind the Good Sam Powered by Octane brand.
Good Sam and Octane will work together to expand loan origination volumes through Camping World’s nearly 200 locations and digital buying experiences, while implementing Octane’s industry-leading technology across various aspects of the F&I process. As part of the expanded relationship, Good Sam also participated in Octane’s latest Series F funding round.
Matthew Wagner, President of Camping World, commented, “This modest strategic investment further aligns our interests to achieve mutual success, allowing us to deliver seamless, branded financing to our customers while preserving our asset-light strategy. By leveraging their instant decisioning technology and embedded financing tools, we will be able to reach a broader audience of qualified buyers, generate higher-intent leads, and reduce friction throughout the buying journey. We are also excited about several important technology initiatives underway with Octane that are expected to achieve meaningful cost savings and ROI.”
Mr. Wagner concluded, “Since our pilot launched in January 2024, we have successfully proven our thesis nationwide that Good Sam brand affinity helps drive F&I performance. This deeper partnership also provides us with significant funding diversification along with insights into credit mix, approval rates, and loan performance to further shape the lifetime value calculation of the RV customer.”