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Harley-Davidson to Bypass Captive for Lease-Like Program, Sources Say

Harley-Davidson to Bypass Captive for Lease-Like Program, Sources Say

by April 12, 2017 at 11:00 am

Harley-Davidson Motor Co. appears poised to offer a “lease-like” program through one of the “big agencies” in the rental space to offer non-traditional leases, said a source who asked to remain unnamed. The source was unsure if this agency will be EagleRider or another rental company. While the specifics ofRead More

Fintech Disruptors Are Coming to Powersports, United Finance Exec Says

Fintech Disruptors Are Coming to Powersports, United Finance Exec Says

by April 11, 2017 at 12:25 pm

United Finance is “looking at possibilities” in fintech and online lending in order to be “ahead of the curve,” Todd May, the lender’s vice president of dealer development and remarketing, told Powersports Finance. “There’s always stuff we are looking at, such as fintech,” May said. “Disrupters are coming, and weRead More

The Fading King: Has Harley-Davidson Lost Its Luster?

The Fading King: Has Harley-Davidson Lost Its Luster?

by April 11, 2017 at 10:00 am

Iconic motorcycle manufacturer Harley-Davidson Inc. has had a rough couple years, from competing for marketshare with other manufacturers — who undertook aggressive discounting in 2015 and 2016 — to a slowing demand for its new motorcycles in the U.S. Not to mention that losses for Harley-Davidson Financial Services — which wereRead More

Commerce Bank Entices Borrowers to Shorten Terms

Commerce Bank Entices Borrowers to Shorten Terms

by April 11, 2017 at 9:45 am

DALLAS — Commerce Bank isn’t pulling back on its longest auto loan-term offering of 75 months, but it is “encouraging” deals at 60- and 48-month terms, as part of a larger effort to tighten overall credit requirements, said Robert Griffin, the company’s indirect lending manager. To accomplish this, Commerce Bank isRead More

Change in License Terms Poised to Boost Slingshot Finance Volume

Change in License Terms Poised to Boost Slingshot Finance Volume

by April 10, 2017 at 10:59 am

Riders in 30 states can now drive a Polaris Slingshot with a valid state driver’s license — instead of a previously required motorcycle license — which could boost sales and even lower credit losses on the three-wheeled vehicles, according to Donal Hummer Jr., ThunderRoad Financial’s chief executive. ThunderRoad Financial isRead More

Ride Today Acceptance Rebrands, Post $5MM Cardiff Acquisition

Ride Today Acceptance Rebrands, Post $5MM Cardiff Acquisition

by April 7, 2017 at 11:36 am

Cardiff International Inc. signed a definitive merger agreement to acquire American Cycle Finance — formerly known as Ride Today Acceptance — as its subsidiary, in an all-stock transaction valued at $5 million. The name change is just part of “our strategic planning,” Ben Donnarumma, managing director of American Cycle, toldRead More

ARGO Offers 0% Financing Through Dealer Direct

ARGO Offers 0% Financing Through Dealer Direct

by April 6, 2017 at 12:21 pm

ARGO launched a 0% financing incentive, just three months after the extreme terrain vehicle manufacturer teamed up with Dealer Direct to offer its first-ever retail finance program. The spring promotion, dubbed Ride Into Adventure, offers 0% financing for 60 months, plus a three-year limited warranty and $2,000 in free accessoriesRead More

Commerce Bank Watchful of Auto Delinquencies, Tightens Credit

Commerce Bank Watchful of Auto Delinquencies, Tightens Credit

by April 6, 2017 at 10:00 am

DALLAS — Auto delinquencies are rising across the industry, but the increase has been most prominent in subprime segments. Although Commerce Bank mainly extends auto loans in the prime spectrum, it’s still keeping a watchful eye, said Robert Griffin, the bank’s indirect lending manager.