Mobility Ventures and Bank of America Announce New Agreement to Simplify Retail Consumer Financing for MV-1 Universally Accessible Vehicle

SOUTH BEND, Ind., Feb. 26, 2015 /PRNewswire/ -- Mobility Ventures LLC, an AM General Company, is proud to announce an agreement with Bank of America (NYSE: BAC) that will make it easier for consumers nationwide to receive financing of the revolutionary MV-1 - - the world's first and only universally accessible vehicle, designed from the ground up to provide safe and comfortable transportation for all passengers including wheelchair users. Approved applicants can use their loan to purchase a new MV-1 vehicle at the over 150 accepted MV-1 dealerships across the United States.

MV-1 financing requests through Bank of America can be processed in a few easy steps by clicking on http://mv-1.us/financing or at one of our dealerships.

Under the new agreement, MV-1 customers now get:

• Direct access to Bank of America financing options via a link on the Mobility Ventures website
• Competitive interest rates and terms up to 72 months with approved credit
• A decision within minutes of applying for credit

"Offering this new retail financing option through Bank of America is a very significant step for MV-1 in expanding support of our dealer network and customers," said Pat Kemp, Mobility Ventures Executive Vice President. "This achieves an important and strategic initiative critical to our long-term growth plan for the MV-1 consumer market. It is now easier than ever for consumers to secure financing for a new MV-1."

Mobility Ventures is breaking new barriers with its MV-1 line of vehicles featuring side entry and front seat access for wheelchair users. MV-1s are designed with a focus on passenger safety, factory-built to rigorous specifications, tested and certified to meet government crashworthiness standards. Because Mobility Ventures is the Original Equipment Manufacturer of the MV-1, the vehicle meets all applicable Federal Motor Vehicle Safety Standards direct from the factory with no modifications required in order to include an Americans with Disability Act compliant side entry curb-side design and two wheelchair positions.    

Financing options through Bank of America are available for the MV-1DX and luxuriously appointed LX models. The MV-1 DX features a two-stage power ramp that is easily deployed with the touch of a button. The LX model pairs the uncompromised comfort and luxury of high-end sedans with the best-in-class accessibility of the MV-1. Beautifully accented with rosewood, chrome, and leather, the LX provides a level of sophistication previously unseen in the mobility market. Designed from the ground up with unrivaled durability, the MV-1 is the universally accessible transportation solution that has been trusted by thousands.

Additional information about the MV-1 family of accessible vehicles can easily be found at www.mv-1.us. The site also includes useful tabs on vehicle specifications, downloadable brochures, vehicle photos and the nationwide dealer network.

About Mobility Ventures LLC
Mobility Ventures is an industry innovator in purpose-built paratransit vehicles for public and private transportation providing design, engineering, marketing, sales, and customer service support. Mobility Ventures is an AM General company. Please see more information about Mobility Ventures at www.mv-1.us. 

About AM General
AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers worldwide. AM General has more than five decades of experience meeting the changing needs of the defense and automotive industries, supported by its employees at major facilities in Indiana, Michigan, and Ohio, and a strong supplier base that stretches across 43 states. Please see more information about AM General at www.amgeneral.com. 

About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail banking offices and approximately 15,800 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

SOURCE Mobility Ventures LLC

Related Links

http://mv-1.us