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Harley-Davidson Inks Deal With EagleRider for Rental Program

Harley-Davidson Inks Deal With EagleRider for Rental Program

by May 10, 2017 at 11:27 am

Harley-Davidson Motor Co. formed an exclusive partnership with EagleRider to develop a motorcycle rental program, the companies announced yesterday. EagleRider will exclusively offer current model year Harley-Davidson motorcycle fleets in the touring and large cruiser motorcycle segments, serviced by Harley-Davidson-trained technicians. Many of the EagleRider pick-up and drop-off points willRead More

Photo by William Hoffman / Royal Media Group

Wells Fargo CDF Extends Dealer Financing With Ducati

by May 9, 2017 at 11:04 am

Wells Fargo Commercial Distribution Finance extended its wholesale financing programs with Ducati North America Inc. and Ducati Canada Inc., the companies announced yesterday. The programs will continue to deliver inventory financing solutions to the manufacturer’s network of dealers, continuing Wells Fargo CDF’s 20-year relationship with Ducati. The program extension comesRead More

4 OEMs Eye Lease-Like Offerings

4 OEMs Eye Lease-Like Offerings

by May 8, 2017 at 11:15 am

Several startups and independent finance institutions in the powersports space have shown interest in leasing in recent months, and now leasing is even snatching attention from manufacturers. From leasing providers like MotoLease LLC — which expanded its leasing program in June 2016 to include financing for low-dollar powersports vehicles —Read More

Dealer Sees Boost in Approvals After Partnering With Roadrunner

Dealer Sees Boost in Approvals After Partnering With Roadrunner

by May 5, 2017 at 11:30 am

Hubbard Powersports is experiencing a $50,000 boost in monthly loan approvals, after partnering with Roadrunner Financial seven months ago, Montana Hubbard, the dealership’s head of marketing, sales, and financing, told Powersports Finance. “It’s $50,000 worth of approvals that we never had before, but not all of that amount was fundedRead More

Registration Now Open for Powersports Finance 2017

Registration Now Open for Powersports Finance 2017

by May 4, 2017 at 11:55 am

Registration for the third annual PowerSports Finance 2017 officially opened yesterday. PowerSports Finance 2017 will take place Oct. 24-25, at the Wynn Las Vegas, directly preceding the 17th annual Auto Finance Summit. PowerSports Finance 2017 offers decision makers and top executives in powersports a forum to generate ideas for the industry’s future, develop aRead More

OEM’s Answer to ‘Why Get a Motorcycle?’ [VIDEO]

OEM’s Answer to ‘Why Get a Motorcycle?’ [VIDEO]

by May 4, 2017 at 11:46 am

Zero Motorcycles launched a video entitled “For Us?” which humorously depicts a typical dilemma for many motorcycle riders: How to explain a motorcycle purchase to their spouse. The electric motorcycle manufacturer developed the video concept, and Ian Schiller, independent filmmaker, brought the short clip to life. “Why get a motorcycle?Read More

Credit Overhaul: Why Millennials Demand New Underwriting Strategies

Credit Overhaul: Why Millennials Demand New Underwriting Strategies

by May 3, 2017 at 11:10 am

Powersport dealers see young millennials come into their stores all the time looking for the largest, fastest, most-expensive sportbike on the market. That’s when the warning light starts flashing in a lender’s head. “They start all gung-ho: They want the Suzuki Gixxer, they want the Honda CBR, anything that goesRead More

5 Lenders Altering Finance Offerings in 2017

5 Lenders Altering Finance Offerings in 2017

by May 2, 2017 at 11:03 am

Competition continues to ramp up as new lenders enter the powersports space, causing many players to bolster their finance offerings to meet market demand. Westlake Financial Services, for example, continues to push into used financing. However, many lenders are even altering their programs altogether, in an effort to remain competitive.Read More