Post Tagged with: "dealer network"

MotoLease Revs Up New Inventory Website, Dealer Portal

MotoLease Revs Up New Inventory Website, Dealer Portal

by May 18, 2017 at 10:00 am

MotoLease LLC is bolstering its technology initiatives this year, starting with a new dealer inventory website, Managing Partner Emre Ucer told Powersports Finance. The new site will allow authorized dealers to list inventory, and consumers can view the pricing, estimate monthly payments, and pre-qualify for loans, Ucer said. The websiteRead More

Lenders Turn to Dealers as Fraudulent Loan Activity Escalates

Lenders Turn to Dealers as Fraudulent Loan Activity Escalates

by May 12, 2017 at 11:07 am

Consumer fraud continues to rise, as evidenced by two men who were arrested this week for producing fraudulent documents to finance the purchase of motorcycles from three dealerships in Long Island, N.Y. One of the men produced a fraudulent license and a fraudulent credit card to obtain a loan, toRead More

MotoLease to Host Second Dealer Seminar This Fall

MotoLease to Host Second Dealer Seminar This Fall

by May 11, 2017 at 12:08 pm

MotoLease LLC is planning another dealer seminar for September, following a successful training session in late April, Managing Partner Emre Ucer told Powersports Finance. The September seminar will be offered over two days, with a focus on training dealers to use some of MotoLease’s new product and system enhancements —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

Wells Fargo CDF to Roll Out Pre-Owned Dealer Rewards Program

Wells Fargo CDF to Roll Out Pre-Owned Dealer Rewards Program

by April 27, 2017 at 11:00 am

Well Fargo Commercial Distribution Finance will launch a dealer rewards program early next month in the wake of increasing consumer demand for pre-owned vehicles, Jeremy Jansen, president of the company’s motorsports group, told Powersports Finance. “We are very excited to deliver inventory financing solutions to the pre-owned space,” he said.Read More

American Cycle Sets Monthly Goal for Dealers, Ramps Up Training

American Cycle Sets Monthly Goal for Dealers, Ramps Up Training

by April 14, 2017 at 12:26 pm

American Cycle Finance set a monthly contract goal for its dealers in an effort to increase volume following the company’s acquisition by Cardiff International Inc., Ben Donnarumma, managing director of American Cycle, told Powersports Finance. American Cycle — formerly known as Ride Today Acceptance — makes loans in 15 statesRead More

Credit Union Utilizes Special Events to Bulk Up Powersports Dealer Network

Credit Union Utilizes Special Events to Bulk Up Powersports Dealer Network

by February 7, 2017 at 12:41 pm

America’s First Federal Credit Union (AFFCU) upped its powersports dealer network and loan origination volume in 2016, thanks to participating in more dealer-specific events, Bob Jaffe, indirect loan manager, told Powersports Finance. The Birmingham, Ala.-based credit union added five dealers last year, bringing its total network up to 30 dealers, JaffeRead More

More Incentives on the Horizon for Polaris After 2016 Recalls

More Incentives on the Horizon for Polaris After 2016 Recalls

by February 3, 2017 at 11:30 am

Polaris Industries Inc. expects to lean on financing incentives and retail promotions more heavily in 2017, following unfavorable effects spurred by the OEM’s slew of recalls in 2016, said Polaris Chief Executive Scott Wine during the company’s fourth-quarter earnings call. Higher promotional spending and research and development investments are transitory, WineRead More