More News

2006 Honda TRX250EX.

MotoLease to Ramp Up Dealer Training With New Hire

by March 14, 2017 at 12:22 pm

MotoLease LLC plans to hire a professional dealer training specialist in preparation for its dealer training seminars in April, Managing Partner Emre Ucer told Powersports Finance. MotoLease currently has regional representatives performing in-house training at dealerships, but due to continued high turnover at the dealerships, MotoLease is upping its trainingRead More

Westlake: 3 Tips to Improve Dealer Training Efforts

Westlake: 3 Tips to Improve Dealer Training Efforts

by March 13, 2017 at 12:28 pm

Powersports dealer portals will likely become more consistent among lenders as competition continues to amp up, and as lenders look to match what other players are doing — which could also result in dealer training becoming an easier task, said David Goff, assistant vice president of marketing at Westlake Financial Services.Read More

MotoLease Pursues Partnership With Training Association to Educate Millennials

MotoLease Pursues Partnership With Training Association to Educate Millennials

by March 10, 2017 at 1:08 pm

MotoLease LLC is chasing a partnership with a national training association to provide risk advising and motorcycle safety classes for younger buyers, Managing Partner Emre Ucer told Powersports Finance. “That audience is one of our sweet spots, and a large part of our portfolio is thin-file,” Ucer said. “There isRead More

Speed Leasing Keeps Close Eye on Competitors, Mulls Expansion

Speed Leasing Keeps Close Eye on Competitors, Mulls Expansion

by March 9, 2017 at 1:51 pm

Speed Leasing LLC is sketching plans for the expansion of its leasing program — which in the long-term, could include traditional loan options — in an effort to compete against other players in the space. “When I looked at marketplace over the past couple of years, I had been followingRead More

Ducati Unveils Financing Program for 2017 Model Motorcycles

Ducati Unveils Financing Program for 2017 Model Motorcycles

by March 8, 2017 at 1:13 pm

Ducati North America now allows consumers to essentially lease a Ducati motorcycle — in some cases with a lower monthly payment and down payment than a traditional loan — through the OEM’s new financing program, Ducati Premier Financing. The program, which launched March 1, applies to all 2017 Ducati models,Read More

East Texas Dealer Eyes Lenders to Bulk Up Millennial Loan Approvals

East Texas Dealer Eyes Lenders to Bulk Up Millennial Loan Approvals

by March 7, 2017 at 10:30 am

Ross Motorsports is on the lookout for lender partners, particularly those with financing programs for millennial buyers, in an effort to boost approval rates, said newly promoted General Manager Ryan Williams. The Lufkin, Texas-based dealership sells Arctic Cat Inc., Yamaha Motor Corp., and American Honda Motor Co. brand vehicles. RossRead More

Westlake Preps for Powersports Expansion, Monitors Rising Losses

Westlake Preps for Powersports Expansion, Monitors Rising Losses

by March 6, 2017 at 10:30 am

New entrant powersports lenders are spurring Westlake Financial Services to expand this year, but the company’s plans for 2017 will not include buying deeper in the credit band, said David Goff, assistant vice president of marketing. “We think right now is the right time to expand,” Goff told Powersports Finance.Read More

Lenders Slowly Increase Used Financing Credit as Consumer Demand Rises

Lenders Slowly Increase Used Financing Credit as Consumer Demand Rises

by March 3, 2017 at 10:30 am

Think about all the wear and tear typically put on cars. They’re driven thousands of miles every year; people spill food and drink all over their interiors; and they’re often exposed to the elements where rain, snow, salt, wind, and dust take their toll. After 14 years, many cars areRead More